The Section of an Annual Report That Contains Management's Discussion

question 46

True/False

The section of an annual report that contains management's discussion of the company's operating results is referred to as the Statement of Management's Responsibility.

---

Definitions:

Contract

A formal agreement among two or more participants that is legally binding and enforceable.

Sue

To initiate legal proceedings against another party in order to seek remedy or damages.

Intoxicated

The condition of being under the influence of alcohol or drugs to the extent of losing control over physical and/or mental faculties.

Avoid The Contract

To nullify or terminate a contractual agreement due to errors, fraud, or illegality.