Completeness - Economics, Finance, and Industry

Economics, Finance, and Industry

  • Complete markets versus incomplete markets
  • In auditing, completeness is one of the financial statement assertions that have to be ensured. For example, auditing classes of transactions. Rental expense which includes 12-month or 52-week payments should be all booked according to the terms agreed in the tenancy agreement.
  • Oil or gas well completion, the process of making a well ready for production.

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Famous quotes containing the word industry:

    What more is necessary to make us a happy and prosperous people? Still one thing more … a wise and frugal government, which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from labor the bread it has earned.
    Thomas Jefferson (1743–1826)