Which of the Following Is NOT an Objective of Financial

question 41

Multiple Choice

Which of the following is NOT an objective of financial reporting?

• A) to provide information about an entity's economic resources, obligations, and equity/net assets
• B) to provide information that is useful to investors and creditors and other users in making resource allocation decisions and/or assessing management stewardship
• C) to provide information that is useful in assessing the economic performance of the entity
• D) to provide the most useful information possible even if the costs exceed the benefits

---

Definitions:

Foot-In-The-Door Tactic

Multiple-request technique to gain compliance, in which the focal request is preceded by a smaller request that is bound to be accepted.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including about its potential customers, competitors, and other market dynamics.

Lifelong Openness Hypothesis

The theory suggesting that maintaining an openness to new experiences can contribute to personal growth and well-being throughout an individual's life.

Ingratiation Tactic

A social strategy employed to make oneself more likable to others.