Which One of the Following Is Most Likely to Make

question 3

Multiple Choice

Which one of the following is most likely to make use of Ralston Enterprises' managerial accounting information?

• A)The IRS
• B)An individual contemplating an investment in Ralston Enterprises
• C)A company that is one of Ralston's main suppliers
• D)The production manager of Ralston's plant in Georgia

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Definitions:

Order Instrument

A financial document that is payable to a specific person or entity and can be transferred by endorsement or delivery.

Traveler's Check

A preprinted, fixed-amount check designed to allow the person signing it to make an unconditional payment to someone else as a result of having paid the issuer for that privilege.

Instrument

A formal document, especially one that legally records a fact, act, or agreement.

Enforceable Contract

A legally binding agreement that can be upheld and compelled in a court of law.