The Primary Objective of Financial Accounting Is To

question 206

Multiple Choice

The primary objective of financial accounting is to:

• A)Serve the decision-making needs of internal users.
• B)Provide accounting information that serves external users.
• C)Monitor consumer needs,tastes,and price concerns.
• D)Provide information on both the costs and benefits of looking after products and services.
• E)Know what,when,and how much product to produce.

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Definitions:

Intranet

A private network accessible only to an organization's staff, often used to store, share, and manage internal information.

Network Interface Card

A hardware component that connects a computer to a network, facilitating communication with other computers and devices.

Motherboard

The main circuit board of a computer, which houses the CPU, memory, and connectors for input and output devices.

Hub

A primary connecting hub for devices within a network.