The Primary Objective of Financial Accounting Is

question 41

Multiple Choice

The primary objective of financial accounting is:

• A)To serve the decision-making needs of internal users
• B)To provide financial statements to help external users analyze and interpret an organization's activities
• C)To monitor and control company activities
• D)To provide information on both the costs and benefits of managing products and services
• E)To know what,when and how much to produce

---

Definitions:

Pancreas

An organ in the abdomen involved in the digestion process and blood sugar regulation, producing digestive enzymes and insulin.

Distributing Arteries

Arteries that branch from larger arteries to distribute blood to various parts of the body.

Muscular Arteries

Arteries that deliver blood from the heart to specific organs, characterized by a thick tunica media with smooth muscle for regulating blood flow.

Hepatic Portal Circulation

The system of blood vessels that carry blood from the gastrointestinal tract and spleen to the liver, facilitating nutrient processing.