The Two Classes of Decision Makers Who Rely on Accounting

question 59

Multiple Choice

The two classes of decision makers who rely on accounting information are:

• A)Managers and employees.
• B)Stockholders and creditors.
• C)Governmental agencies and owners.
• D)Decision makers inside the firm and decision makers outside the firm.
• E)Auditors and executives.

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Definitions:

Reaganomics

An economic policy attributed to U.S. President Ronald Reagan, characterized by tax cuts, deregulation, increased defense spending, and a reduction in government welfare programs.

Poorest Fifth

A term used to describe the bottom 20% of the population in terms of income or wealth distribution.

Income Dropped

A decrease in the amount of money received by an individual, household, or group over a certain period.

Nebraskan Meatpacking Plants

Industrial facilities in Nebraska, known for processing and packing meat, which have significant economic and social impacts on local communities.