The Reports and Financial Statements Prepared by Accountants

question 35

Multiple Choice

The reports and financial statements prepared by accountants:

• A)Are more useful for profit-seeking businesses than they are for not-for-profit organizations.
• B)Are mainly used to help the firm complete its tax forms.
• C)Provide information that can be used by decision-makers both inside and outside the organization.
• D)Are not as useful now that firms have moved into a more global environment.

---

Definitions:

Health Care Costs

Expenses related to the prevention, diagnosis, treatment, and management of illness and the preservation of mental and physical well-being through the services offered by the medical industry.

Health Expectancies

Statistical measures predicting the average period that a person may expect to live in a specific health state, such as without chronic disease.

Health Psychology

A branch of psychology that focuses on how biological, psychological, and social factors influence health, illness, and healthcare.

Healthy People 2020

A set of goals and objectives aimed at promoting health and preventing disease for American citizens by the year 2020, focusing on various health metrics and public health interventions.