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.
1 answer
The statement that most accurately characterizes the relationship of financial estimates and financial decisions is:
Both depend on financial data.
This statement highlights that both financial estimates and financial decisions rely on the underlying financial data to be accurate and effective.
