Which of the Following Statements Is Not True About Private

question 33

Multiple Choice

Which of the following statements is not true about private companies?

• A)Private companies usually have easily identifiable user groups.
• B)User groups of a private company are not permitted to request additional information, outside of the issued financial statements, from the company.
• C)Private companies are not required to issue "general-purpose" financial statements.
• D)Private companies often report to specific user groups for specific purposes.

---

Definitions:

Functional Values

The practical or useful aspects of a product or service that fulfill consumers' needs or requirements.

Marketing Values

The core beliefs or standards that guide the marketing strategies and actions of an organization or individual.

Diversified Values

This refers to the practice of possessing a wide range of different values, often relevant in the context of organizational culture or individual belief systems.

Operating Objectives

Short-term goals or targets that are set by an organization to guide its daily operations towards achieving broader strategic goals.