Which of the Following Statements Regarding External Users Is True

question 38

Multiple Choice

Which of the following statements regarding external users is true?

• A)Shareholders and creditors are the only people who need accounting information.
• B)Canada Revenue Agency is the primary external user of financial information.
• C)External users of accounting information include the managers who plan, organize, and run a business.
• D)The information needs and questions of external users vary considerably.

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Definitions:

Piaget's First Type

refers to the sensorimotor stage in Piaget's theory of cognitive development, where infants learn about the world through their senses and actions.

Repetitive Motor Activity

The repeated performance of movements or actions, often as part of the development of motor skills in children.

Regression

A defense mechanism where an individual reverts to earlier stages of psychological development in response to stress or conflict.

Babyish Behaviors

Actions or mannerisms typical of a baby or young child, which may be exhibited by older children or adults, often in seeking attention or comfort.