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:

Customer Awareness

The degree to which potential customers recognize or are familiar with a product, brand or company.

Promotional Activities

Marketing efforts designed to inform, persuade, or remind consumers about a company’s products or services.

Advertising

The occupation or act of generating advertising content for business products or services.

Price Discrimination

A selling strategy where a provider charges different prices for the same product or service to different customers, not based on the cost of production.