Which of the Following Is Not a Suggested Objective for Financial

question 31

Multiple Choice

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

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

---

Definitions:

Linear Relationship

A type of relationship between two variables where the change in one variable is directly proportional to the change in the other variable.

Regression Parameters

The coefficients in a regression equation that represent the relationship between independent variables and a dependent variable.

Standard Error Of Estimate

A measure used in statistics to indicate the accuracy of a prediction or how much sample data deviates from the actual population.

T-Test

A type of statistical test that is used to compare the means of two groups to determine if the differences between them are statistically significant.