Many Financial Reports Produced by Organizations Are Nondiscretionary-Publicly Traded Firms

question 64

Essay

Many financial reports produced by organizations are nondiscretionary-publicly traded firms have no choice but to prepare income statements,tax returns,etc.Applications that are part of the management reporting system are discretionary-they are optional.How does this characteristic affect the system?

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Definitions:

Source Derogation

The phenomenon where the credibility or quality of the source of a message is questioned or undermined, often in the context of receiving information that contradicts one’s preexisting beliefs or attitudes.

Knowledge Bias

The distortion of information in favor of a person's pre-existing beliefs or knowledge.

Refutational Arguments

Arguments that are constructed to specifically counter or refute opposing viewpoints, often used in persuasive communication to increase the effectiveness of the message.

Different Sources

Various origins from which information, materials, or inputs can be obtained.