Multiple Choice
Which need is the primary influence on the demand for financial information?
A) the need for managers to make decisions that improve organizational effectiveness and efficiency
B) the need for society to maintain an equilibrium of good and services
C) the need for user groups to make decisions regarding resource allocation
D) the need for regulators to control improper business behavior
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Which of the following is a characteristic
Q4: Rules-based standards require a significant amount of
Q8: Which organization is responsible for promulgating U.S.GAAP?<br>A)Financial
Q14: Which type of standard relies on theories
Q30: Principles-based standards involve few, if any, exceptions.
Q33: How does accounting help in the capital
Q40: Which of the following is not a
Q41: Financial accounting standards influence the behavior of
Q75: Managers of economic entities are best considered
Q80: The demand for financial information is based