The Purpose of Consolidated Financial Statements Is To

question 14

Multiple Choice

The purpose of consolidated financial statements is to:

• A)eliminate the need for the parent and subsidiary to prepare their own financial statements
• B)portray the information about a group of entities as a single economic entity under the control of a subsidiary
• C)portray the information about a group of entities as a single economic entity under the control of a parent
• D)none of the above

Understand the standards and conditions that justify whistle-blowing according to ethicists.

Understand the ethical considerations in obtaining consent for photography during events.

Identify and apply ethical solutions for using previously created content when authorship or permissions are unclear.

Recognize relevant areas of law pertaining to ethical issues in technical communication.

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Definitions:

Convergent Validity

A measure of the degree to which two different assessments of the same concept are correlated, indicating the validity of the constructs.

Face Validity

The extent to which a test appears to measure what it's supposed to measure, making it seem valid at face value.

Concurrent Validity

Concurrent validity is the extent to which test scores or measurements are correlated with other measures or outcomes that are theoretically related and taken at the same time.

Predictive Validity

How well a result from a test or scale forecasts subsequent performance in a connected area.