Which of the Following Is NOT Considered an External User

question 13

Multiple Choice

Which of the following is NOT considered an external user of accounting information?

• A) Bankers.
• B) Taxing authority.
• C) Manager.
• D) Labor Unions.

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Definitions:

Operating Expenses

Operating expenses are the costs associated with running a business’s core activities on a day-to-day basis, excluding the cost of goods sold.

Sales Revenue

The total amount earned by a company from its sales of goods or services, before any deductions for returned goods and allowances.

Gross Profit Rate

A financial ratio that compares gross profit to net sales, indicating the efficiency of production and pricing.

Operating Expenses

Expenses incurred from normal business operations such as manufacturing costs, marketing fees, and office supplies.