Worldatwork Exam CECP Topic 1 Question 58 Discussion

Actual exam question for Worldatwork's CECP exam

Question #: 58
Topic #: 1

[All CECP 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 Wenona at May 13, 2024, 03:51 PM

Limited Time Offer

25%

Off

Get Premium CECP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Clarinda

9 hours ago

Option C is the way to go! Analyzing financial trends to inform strategy - that's where it's at.

upvoted 0 times

...

Malcom

19 days ago

But wouldn't D also be a valid reason? Consistency in communication is important too.

upvoted 0 times

...

Ryan

19 days ago

I agree with Frederick, financial reports help identify trends.

upvoted 0 times

...

Frederick

24 days ago

I think the answer is C.

upvoted 0 times

...