The Primary Objective of Financial Accounting Is To

question 68

Multiple Choice

The primary objective of financial accounting is to:

• A) Provide accounting information that serves external users.
• B) Serve the decision-making needs of internal users.
• C) Monitor and control company activities.
• D) Provide information on both the costs and benefits of looking after products and services.
• E) Know what, when, and how much product to produce.

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Definitions:

Autonomic Subdivision

A part of the nervous system that controls involuntary bodily functions, including the heart rate, digestion, and respiratory rate, and is divided into the sympathetic and parasympathetic nervous systems.

Innervated

Supplied with nerves, which allows for the sensation or movement of a part of the body.

Vertebrate Nervous

The vertebrate nervous system is the part of the nervous system that controls and coordinates the activities of vertebrates, consisting of the brain, spinal cord, and peripheral nerves.