Worldatwork Exam c8 Topic 3 Question 64 Discussion

Actual exam question for Worldatwork's c8 exam

Question #: 64
Topic #: 3

[All c8 Questions]

What most accurately describes a reason why organizations use financial reports?

ATo differentiate company financial data from industry competitors to prevent loss of proprietary information

BTo provide subjective information to key constituents that reflects the company's performance in the most favorable manner depending on stakeholder priorities

CTo create a historical record of financial performance and identify trends that may justify changes in strategy

DTo promote consistency of communication regarding company performance and value

Show Suggested Answer

Suggested Answer: A

by Karan at Mar 08, 2024, 02:22 PM

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Antonette

23 minutes ago

Ah, the age-old battle between transparency and PR! I'm going with option D - consistency is key when communicating a company's value.

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Ilene

12 days ago

I'm not sure, but D also seems like a valid reason for organizations to use financial reports.

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Ahmad

14 days ago

I agree with Jose, C makes sense because it helps organizations track their financial performance over time.

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Vannessa

15 days ago

Whoa, option B sounds way too subjective! I thought financial reports were supposed to provide objective and transparent information, not cater to stakeholder agendas.

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Mabel

17 days ago

Option C seems like the most accurate choice. Tracking financial performance over time and identifying trends is crucial for informing strategic decisions.

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Jose

19 days ago

I think the answer is C.

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