The Purpose of the ________ Is to Form and Express

question 8

Multiple Choice

The purpose of the ________ is to form and express an opinion as to whether the organization's financial statements,taken as a whole,reflect its financial position on a given date and the results of its operations for a given period.

• A) forensic accountant
• B) external auditor
• C) transactional accountant
• D) internal auditor

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Definitions:

Product Differentiation

The method of differentiating a product or service to appeal more to a specific target market.

Differentiation

The process of distinguishing a product or service from others to make it more attractive to a particular target market.

Economically Productive

Activities or processes that generate goods or services which have value and contribute to the economy.

Convey Information

The act of communicating or transmitting information from one entity to another.