Question
Safety Law and Ethics Unit Test 6 of 206 of 20 Items Question Which of the following statements characterizes the relationship of financial estimates and financial decisions?(1 point) Responses Financial estimates are an objective of financial decisions. Financial estimates are an objective of financial decisions. Financial estimates use financial data to make financial decisions. Financial estimates use financial data to make financial decisions. Financial data is an objective of the use of financial estimates. Financial data is an objective of the use of financial estimates. Both depend on financial data. Both depend on financial data. Skip to navigation page 1 of 1
Answers
GPT-4o mini
The statement that best characterizes the relationship of financial estimates and financial decisions is:
**Financial estimates use financial data to make financial decisions.**
This option accurately reflects the connection between financial estimates and the financial decision-making process, as estimates are formed based on financial data and are used to inform decisions.
**Financial estimates use financial data to make financial decisions.**
This option accurately reflects the connection between financial estimates and the financial decision-making process, as estimates are formed based on financial data and are used to inform decisions.