What Is the Primary Objective of Accounting and How Does

question 14

Multiple Choice

What is the primary objective of accounting and how does QBO assist in achieving this objective?

• A)The primary objective of accounting provides detailed information to users to prepare the tax return.QBO assists by feeding information directly into the specific areas of the return.
• B)The primary objective of accounting is to provide information to the IRS to ensure the company is organized as the appropriate legal entity.QBO assists in ensuring the correct tax form is used.
• C)The primary objective of accounting is to provide information for decision making and QBO is used to capture,track,sort,summarize,and communicate financial information.
• D)The primary objective of accounting is to provide information to users outside of the company (investors,bankers,IRS,etc.)and QBO assists in tracking information to communicate to external users.

---

Definitions:

Theories of Territoriality

The study of how individuals and groups use space to communicate ownership, identity, and social norms, often leading to territorial behavior.

Inner-City Gangs

Groups that form within urban areas and engage in varying levels of criminal activity, often characterized by territorial claims and identity symbols.

Territorial Disputes

Conflicts arising from the disagreement over the possession or control of land between two or more entities, such as countries, states, or organizations.

Extreme Environment

An environmental condition that is significantly different from the normal living conditions of most organisms and can pose challenges to survival.