Which of the Following Is NOT a Typical External User

question 1

Multiple Choice

Which of the following is NOT a typical external user of a government or not-for-profit financial statements?

• A) Governing boards
• B) Securities and Exchange Commission
• C) Donors and grantors
• D) Taxpayers/citizens or organization members

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Definitions:

Delay Gratification

The ability to resist the temptation for an immediate reward and wait for a later, often greater, reward.

Maturation

The process of biological growth and development, especially the changes that occur in human life from birth to adulthood.

Empathy

The ability to understand and share the feelings of another.

Moral Action

An action taken based on ethical considerations or beliefs about what is right and wrong, often reflecting personal or societal values.