Which of the Following Is FALSE About the Research Report

question 36

Multiple Choice

Which of the following is FALSE about the research report summary?

• A)A true summary gives the high points of the entire body of the report.
• B)A good test of a summary is its self-sufficiency in that a summary should not require the appended full report but should be able to stand on its own.
• C)A good summary contains background information,important results,and conclusions.
• D)Headings and subheadings should always be used to organize a summary.
• E)The purpose of the introduction in the summary is to provide the reader with the minimal background to appreciate the results,conclusions,and recommendations of the study.

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Definitions:

GAAP

Generally Accepted Accounting Principles; a framework of accounting standards, principles, and procedures used in the compilation of financial statements to ensure accuracy and fairness.

Interim Reporting

Financial statements prepared and published at intervals less than a fiscal year, typically quarterly or semi-annually, to provide updates on a company's performance.

Accounting Principles

The rules and guidelines that companies follow when preparing financial statements, ensuring accuracy, consistency, and transparency.

Interim Reporting

The financial reporting on a company's activities during a portion of the fiscal year, such as quarterly or semi-annual reports.