Which of the Following Is Not a Role of Accounting

question 131

Multiple Choice

Which of the following is not a role of accounting in business?

• A) to provide reports to users about the economic activities and conditions of a business
• B) to personally guarantee loans of the business
• C) to provide information to other users to determine the economic performance and condition of the business
• D) to assess the various informational needs of users and design its accounting system to meet those needs

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Definitions:

Battery

A legal term for an act that intentionally causes harmful or offensive contact with another person's body.

Nuisance

A legal term denoting an act, condition, or thing unreasonably interfering with the use or enjoyment of land or property.

Negligence

The failure to take reasonable care to avoid causing injury or loss to another person, resulting in legal liability for the damages caused.

Breach of Contract

occurs when one party in a contractual agreement fails to fulfill their obligations as outlined in the contract, allowing the other party to seek legal remedies.