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ollegr [7]
3 years ago
11

Identify the importance of accounting by selecting the statement that is correct below. Multiple choice question. Accounting inf

ormation helps users make business and financial decisions. Accounting is a system that identifies, records and communicates an organization's business activities. Accounting information is primarily used only at the end of a year when tax returns and financial statements are prepared.
Business
1 answer:
Zielflug [23.3K]3 years ago
6 0

Answer:

Accounting information helps users make business and financial decisions.

Explanation:

Users of accounting information are divided into :

  1. Internal users
  2. External users

Internal users include : owners, managers, employees

External users include : shareholders, tax authority, regulatory bodies

Based on the information contained in the financial information a shareholder can decide if to invest in a company or not to.

Also, mangers can decide to invest in new ventures based on the information on profitability contained in the financial statements.

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According to Maslow's hierarchy of needs theory, esteem needs:
klasskru [66]

Answer:

c. include the need for recognition

Explanation:

Esteem needs two different sets of needs

  • the need for a positive self-image and self-respect
  • the need for recognition and respect from others
7 0
3 years ago
Which of the following is a service supplying vehicle title records and damage reports?
Marta_Voda [28]
Carfax. bc car max is a car dealer Kelly blue book is a appraisal company
5 0
2 years ago
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A financially-responsible person reacts quickly to problems. True or False
Alex Ar [27]

Answer:

TRUE

Explanation:

A financially responsible person has complete control of their finances. These people usually build a fund for unforeseen situations such as unemployment or an illness. Thus, responsible people have an ability to react quickly to problems. These people also know how to keep track of their investments. If a problem occurs in an investment, such as stocks, the financially responsible person will be able to reallocate their resources quickly to minimize their losses.

3 0
2 years ago
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In a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer ten
scoray [572]

Answer:

counter-act one another.

Explanation:

As  a bilateral monopoly has one buyer and one seller, the buyer wants to pay the lower price possible and the seller wants to charge a high price. So, they have opposite goals and they have to negotiate considering the power each one has and find an agreement in which both win. According to this, the answer is that in a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer tend to counter-act one another as their positions are in conflict and they have to find a middle point to get to an agreement.

The other options are not right because their goals are in conflict so they don't support the idea of the other party and both parties have a relative bargaining power and because of that, the monopoly power of the parties does not favor the buyer or the seller.

6 0
3 years ago
You observe the following information regarding Companies X and Y: ∙ Company X has a higher expected return than Company Y. ∙ Co
irina1246 [14]

Answer:

Option D is correct one.

Company X has a lower coefficient of variation than Company Y.

Explanation:

This is because company X has a lower standard deviation of returns than Company Y. Coefficient of variation = standard deviation/mean*100. Also mean of X will be higher as its expected return is higher than Y. So, the numerator (standard deviation) is lower and denominator (mean) is higher in case of X. This will lower its coefficient of variation than Company Y.

4 0
3 years ago
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