Which of the following tools would an entity be least likely to use to monitor or review its financial performance:
A) credit ratings.
B) forecasts.
C) ratios.
D) awards.
E) variance analysis

Question

Quizplus · Accepted Answer

Awards are generally recognition for achievements and do not directly monitor or review financial performance, unlike credit ratings, forecasts, ratios, and variance analysis, which are tools specifically used for financial analysis and performance monitoring.

Which of the Following Tools Would an Entity Be Least