Which of These Statements About the Objective of General Purpose

question 27

Multiple Choice

Which of these statements about the objective of general purpose financial reports GPFRs) as contained in the IASBs Conceptual Framework is correct?

• A)The entity perspective has been adopted when defining the objectives of GPFRs
• B)The primary users of GPFRs are seen as being a diverse group including shareholders,creditors,regulators,members of the public,etc
• C)GPFRs will generally satisfy user's needs for information
• D)The IASB Conceptual Framework deliberately emphasises sustainability as an objective of GPFRs

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Definitions:

Agenda-Setting Theory

A communication theory that suggests the media has the power to influence the public's perception of what topics are important.

First-Level Agenda Setting

A theory suggesting that media doesn't tell people what to think, but is effective in telling them what to think about by influencing the salience of issues.

Gatekeeper

An individual or policy that controls access to something, for example, journalists or editors who decide which stories are published or broadcasted.

Qualitative Research

A research method that collects and analyzes non-numerical data (such as text) to understand concepts, opinions, or experiences.