In Its "Objectives of Financial Reporting by Business Enterprises" the FASB

question 74

Multiple Choice

In its "Objectives of Financial Reporting by Business Enterprises" the FASB identified a variety of primary users including all of the following except

• A)internal management
• B)investors
• C)creditors
• D)security analysts

---

Definitions:

Random Error

Variability in data that is caused by unpredictable and unavoidable fluctuations in the measurement process.

Linearly Correlated

A statistical relationship between two variables in which changes in one variable are associated with proportional changes in another variable along a straight line.

Normally Distributed

Describes a symmetric, bell-shaped distribution of data where the mean, median, and mode are equal, prevalent in many natural phenomena.

Coefficient of Determination

A statistical measure that explains the proportion of the variance for a dependent variable that's explained by an independent variable or variables in a regression model.