Which Statement Is True

question 5

Multiple Choice

Which statement is true?

• A) The provision of information for control is regarded as a more appropriate objective for external reporting than the decision-usefulness objective
• B) Decision-usefulness as the objective for financial reporting is a relatively recent innovation
• C) The historical cost measurement basis is specifically designed to meet the decision-usefulness objective
• D) None of the statements is true, i.e., all are untrue

Grasp Excel's functionality related to text overflow, cell selection, and error correction mechanisms.

Comprehend the use of charts, formatting options, and data entry conventions in Excel.

Understand the principles of internal control over cash receipts and disbursements.

Recognize the role and importance of a voucher system in controlling cash disbursements.

---

Definitions:

Wireless Range Extender

A device that amplifies an existing wireless signal to extend its reach to further areas, improving network coverage.

Access Point

A networking hardware device that allows other Wi-Fi devices to connect to a wired network.

Wireless Connection

A network connection that does not require physical cables, enabling devices to communicate over radio waves or infrared signals.

Signal Range

The distance over which a wireless communication signal can be effectively transmitted and received, influenced by the power of the transmitter and environmental conditions.