The Reports and Financial Statements Prepared by Accountants

question 40

Multiple Choice

The reports and financial statements prepared by accountants

• A) are more useful for profit-seeking businesses than they are for not-for-profit organizations.
• B) are mainly used to help the firm complete its tax forms.
• C) provide information that can be used by decision makers both inside and outside the organization.
• D) are not as useful now that firms have moved into a more global environment.

---

Definitions:

Per Capita GDP

A measure of a country's economic output that accounts for its number of people, essentially dividing the GDP by the population.

Scatterplot

A graph that uses dots to represent values obtained for two different variables, showing the relationship between them.

Correlation

A statistical measure that indicates the extent to which two or more variables fluctuate together.

Regression

In statistics, the act of estimating the relationship between variables, allowing for the prediction of one variable based on the value of another.