Which of the Following Would Not Be Considered an Internal

question 104

Multiple Choice

Which of the following would not be considered an internal user of accounting data for a company?

• A) The president of a company
• B) The controller of a company
• C) Creditor of a company
• D) Salesperson of a company

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Definitions:

Smoot-Hawley Tariff Act

Legislation passed in 1930 that established very high tariffs. Its objective was to reduce imports and stimulate the domestic economy, but it resulted only in retaliatory tariffs by other nations.

Global Trade War

A situation where countries impose tariffs or other trade barriers on each other in response to trade disputes, leading to reduced international trade.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, leading to high unemployment and significant economic distress.

Retaliatory Tariffs

Taxes imposed by a country in response to similar taxes levied by another country, often used in trade disputes.