The Basic Purpose of Informational Reports Is

question 16

Multiple Choice

The basic purpose of informational reports is

• A)to persuade the audience to act.
• B)to present recommendations and conclusions to a superior for how to solve a particular problem.
• C)to present data, facts, feedback, and other types of information, without analysis or recommendations.
• D)to convince the reader of the soundness of your thinking.

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Definitions:

Favorable Trend

A pattern or movement in financial metrics indicating positive progress or improvement.

Unfavorable Trend

A pattern or movement in financial or operational data that suggests a negative direction, potentially indicating problems.

Trade-In Allowance

The amount a seller provides to a buyer towards the purchase of a new item by trading in an older model.

Commercial Substance

A concept in accounting indicating that a transaction significantly changes the economic situation of a business, justifying a change in the financial statements.