The option that tells us the truth about the general purpose financial statements is that, They provide important information at the least cost.
<h3>What is meant by the general purpose financial statement?</h3>
The term general purpose financial statement is used to refer to the financial statements that re used in the provision of information about the operations and the financial standing of a company or an organization. It also tells us of the cash flow that the organization is having.
Hence we can say that The option that tells us the truth about the general purpose financial statements is that They provide important information at the least cost.
Read more on the financial statements here: brainly.com/question/26240841
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What are the options to choose from?
Answer:
d) quality management
Explanation:
Continuous improvement
Continuous improvement in the overall performance of the Organization should be a permanent objective of the Organization.
This implies:
The continuous improvement of the quality management system is to increase the probability of increasing the satisfaction of Clients and other interested parties.
The following are actions aimed at improvement:
- analysis and evaluation of the existing situation to identify areas for improvement;
- the establishment of the objectives for improvement;
- the search for possible solutions to achieve the objectives;
- the evaluation of these solutions and their selection;
- the implementation of the selected solution;
- the measurement, verification, analysis and evaluation of the results of the implementation to determine that the objectives have been achieved;
- the formalization of the changes.
<span>An indication of NIAs’ impacts on economics is that the third and fifteenth Nobel Prizes in economic science were awarded largely for contributions to the development of national income statistics—to simon kuznets in 1969 and to richard stone in 1984.</span>
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