Statement and Assumption

Q1: Statement: The end of a financial year is the ideal time to take a look at the performance of various companies. Assumptions:

All the companies take such a review at the end of a financial year.

The performance data of various companies is available.

A Only assumption I is implicit

B Only assumption II is implicit

C Either I or II is implicit

D Neither I nor II is implicit

E Both I and II are implicit

ANS:E - Both I and II are implicit

Explanation: Since both I and II follow from the given statement, so both are implicit.

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