Which of the Following Would Represent the Least Likely Use

question 85

Multiple Choice

Which of the following would represent the least likely use of an income statement prepared for a business enterprise?

• A) Use by customers to determine a company's ability to provide needed goods and services.
• B) Use by labor unions to examine earnings closely as a basis for salary discussions.
• C) Use by government agencies to formulate tax and economic policy.
• D) Use by investors interested in the financial position of the entity.

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Definitions:

Councilman

An elected member of a council, tasked with legislating and making decisions for a local government area.

Descriptive Measure

A quantitative summary or representation of a set of data, used to describe the main features of a collection of information, including measures of central tendency and dispersion.

Population

The entirety of individuals or items under consideration for a statistical analysis or survey.

Parameter

A characteristic or measure that summarizes an aspect of a population or system, often used in statistical or mathematical models.