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A company's annual report describes the company's efforts to give back to the community. The primary purpose of this report is to ________; the secondary purpose is to ________.

User Awiebe
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Answer: Inform; promote goodwill

Explanation: The company's annual report is, in fact, a comprehensive record of what has been done during the year. So all possible activities that are carried out in the business with a single purpose - a positive outcome, are recorded and presented in this report. The first objective of this report is to inform all interested parties and strategic partners of the company as well as shareholders. This is primarily information about the branch of business where the company participates, about its operations and financial results, i.e financial position at the end of the year, flow of capital, etc.

In addition, the other important task of this report is to fulfill the aforementioned shareholders and interested parties for business with goodwill and good feeling on the basis of the financial statement, which is supposed to be positive for this purpose.

User Tehp
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