Which of the Following Is the Primary Focus of Financial

question 34

Multiple Choice

Which of the following is the primary focus of financial accounting?

• A)providing information that managers need to make operational decisions
• B)providing summarized information on operational results to investors and creditors
• C)providing budgets for future periods
• D)providing highly detailed information on product lines, regions, divisions, etc.

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Definitions:

Socioeconomic

Relating to or concerned with the interaction of social and economic factors.

Political Environments

The external and internal context within which an organization operates that is shaped by political institutions, processes, behavior, and policies.

Technological Environments

The set of technological factors and trends affecting the context in which organizations operate, including innovations and advancements.

Social Environments

The context of social relations and structures in which individuals and groups interact, which can influence behaviors, attitudes, and outcomes.