The Primary Objective of Financial Accounting Is

question 4

Multiple Choice

The primary objective of financial accounting is:

• A) To help organizations keep track of financing activities.
• B) To provide external reports to help users analyze an organization's activities.
• C) To help an organization define its ideas,goals,and actions.
• D) To help an organization to keep track of its buying and selling of resources.
• E) To prepare budgets.

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Definitions:

Functionalist

Functionalist perspective is a sociological approach that emphasizes the way in which the parts of a society are structured to maintain its stability and functionality.

Social-psychological

Relating to how individual thoughts, feelings, and behaviors are influenced by social contexts and interactions.

Prostitution

The profession or activity of participating in sexual acts in exchange for money.

Moral Fiber

The inner strength and courage to do what one believes is right, even in the face of adversity.