Which of the following is a benefit of providing financial information?
A) Potential litigation.
B) Auditing.
C) Disclosure to competition.
D) Improved allocation of resources.

Question

Quizplus · Accepted Answer

Providing financial information can help organizations improve their allocation of resources by identifying areas of high expenditure and low return on investment. This allows for more informed decision-making and can lead to better financial outcomes for the organization. The other options (potential litigation, auditing, and disclosure to competition) are potential risks or obligations associated with providing financial information, rather than benefits.

Which of the Following Is a Benefit of Providing Financial