Which of the Following Is NOT a Suggested Objective for Financial

question 44

Multiple Choice

Which of the following is NOT a suggested objective for financial statements for public sector entities?

• A)To determine if programs are economical, efficient, and effective.
• B)To provide an accounting of financial affairs and resources.
• C)To enable evaluation of compliance with legislation.
• D)To provide information on financing and investing activities.

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Definitions:

Entrepreneur

An individual who organizes and operates a business or businesses, taking on financial risks in the pursuit of profit.

Monitor

To regularly observe and check the progress or quality of something over a period of time; can refer to both human activities and technological methods.

Leader

An individual or entity that guides or directs others towards achieving a common goal or objective, often demonstrating qualities such as vision, courage, and integrity.

Quality Standards

Defined criteria to ensure products, services, or processes meet specific requirements and are reliable, safe, and consistent.