Which of the following statements characterizes the relationship of financial estimates and financial decisions?
Responses
Financial data is an objective of the use of financial estimates.
Financial data is an objective of the use of financial estimates. - no response given
Financial estimates are an objective of financial decisions.
Financial estimates are an objective of financial decisions. - no response given
Financial estimates use financial data to make financial decisions.
Financial estimates use financial data to make financial decisions. - not selected, this is the correct answer
Both depend on financial data.