Which of the Following Is Not Characteristic of Financial Accounting

question 25

Multiple Choice

Which of the following is not characteristic of financial accounting?

• A)Information used in financial statements is prepared in conformity with generally accepted accounting principles.
• B)The information is confidential and is intended for use only by company management.
• C)The information is used in a wide variety of business decisions.
• D)The information is developed primarily by "private accountants" that is,accountants employed by business organizations.

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Definitions:

Striking

Striking involves workers collectively ceasing work and engaging in protest, typically to demand better wages, conditions, or rights from their employers.

Compromising

A conflict resolution strategy where parties involved in a disagreement each give up elements of their position to establish an acceptable solution.

Pre-capitalist Society

Societal structures and economies that existed before the widespread adoption of capitalist systems, often characterized by feudalism, agrarian economies, and limited commerce.

Max Weber

A German sociologist, philosopher, and political economist known for his theories on the structure of society, bureaucracy, and the nature of authority.