A company's board of directors analyzes financial statements to assess future company prospects for investing and lending decisions.

Question

Quizplus · Accepted Answer

The primary role of a company's board of directors is to provide strategic direction, governance, and oversight. It is the management's responsibility to analyze financial statements for operational decisions, while investors and lenders use them to assess the company's financial health for investing and lending decisions.

A Company's Board of Directors Analyzes Financial Statements to Assess