Explain Why Shareholders May Prefer to Use a Concise Financial

question 11

Essay

Explain why shareholders may prefer to use a concise financial report.

---

Definitions:

Assignment

The transfer of rights or property from one party to another.

Delegation

The act of transferring responsibility and authority from one person to another while maintaining accountability for the outcome.

Novation

The act of replacing an obligation to perform with a new obligation, or substituting a new party into an existing contract.

Successive Assignments

The process of transferring rights or duties from one party to another over a series of transactions.