Which of the Following Statements Regarding the Roles of Accounting

question 33

Multiple Choice

Which of the following statements regarding the roles of accounting information is not true?

• A) When creditors use accounting information to administer contracts, it serves a contracting role.
• B) When accounting data are used to assess the worth of a company or its stock, they are said to be used in a valuation role.
• C) When accounting information is used in managing the business, it is being used in a management function
• D) When directors use financial information, it is being used to evaluate financial decisions to ensure that they

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Definitions:

Inhibited

Being restrained or held back in actions, thoughts, or feelings, often due to anxiety or social norms.

Kagan

Jerome Kagan is a psychologist known for his work on the development of children’s cognition and temperament.

Sleeping And Eating Schedule

A routine or plan dictating specific times to eat and sleep, aimed at improving health or wellbeing.

Irritable

Easily annoyed or provoked to anger or frustration.