External Users Want Answers to All of the Following Questions

question 2

Multiple Choice

External users want answers to all of the following questions except

• A) Is the company earning satisfactory income?
• B) Will the company be able to pay its debts as they come due?
• C) How many employees can the company hire this year?
• D) How does the company compare in profitability with competitors?

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Definitions:

Rounded

The process of adjusting a number to its nearest value, often to a specified number of decimal places, for ease of reading or reporting.

Median

After organizing a dataset in ascending or descending sequence, the median is identified as the middle point.

Mean

A measure of central tendency representing the central or typical value in a dataset, calculated as the sum divided by the number of data points.

Rounding Rules

Guidelines for rounding numerical values, often to a specified number of decimal places, to simplify reporting or calculation.