Which of the Following Is NOT Part of the Financial

question 114

Multiple Choice

Which of the following is NOT part of the financial accounting information system?

• A)filing reports with the SEC
• B)reporting a large contingent liability to current and potential shareholders
• C)determining the future cash flows of a proposed flexible manufacturing system
• D)preparing GAAP financial statements

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Definitions:

Stanford-Binet

An intelligence test that assesses cognitive abilities and IQ, originally developed by Alfred Binet and later revised at Stanford University.

IQ

Stands for Intelligence Quotient, a measure of a person's intellectual abilities in relation to the average performance of a large group of people the same age.

Proficiency

The state of being skilled or competent in a particular activity or field.

Standardization

The process of establishing norms and uniform procedures for administering tests or assessments to ensure fairness, reliability, and validity across different administrations.