Managers Need Information in Order to Do Three Things: ________

question 80

Multiple Choice

Managers need information in order to do three things: ________ the organization's activities.

• A)keep abreast of changes, and control and coordinate
• B)make effective decisions, and control and coordinate
• C)keep abreast of changes, and qualify and quantify
• D)make effective decisions, and qualify and quantify

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Definitions:

FVTPL Securities

Financial assets designated at fair value through profit or loss, with changes in fair value recognized in the profit or loss as they occur.

Net Income

The company's earnings following the deduction of all costs, taxes, and expenses from the overall income.

FVTOCI Investments

Financial assets classified as fair value through other comprehensive income; adjustments to their fair value don't affect profit or loss but other comprehensive income.

IFRS 9

An International Financial Reporting Standard that deals with the accounting for financial instruments, covering the classification, measurement, and recognition of financial assets and liabilities.