Which of the Following Would Not Be Considered an Internal

question 127

Multiple Choice

Which of the following would not be considered an internal user of accounting data?

• A) The president of a company.
• B) The controller of a company.
• C) A creditor of a company.
• D) A salesperson of a company.

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Definitions:

Raw Material

Basic materials used in the production process as inputs to create finished goods.

Work in Process

Items that are in the middle stages of production, neither raw materials nor finished goods, reflecting the cost of ongoing manufacturing activities.

Property, Plant, and Equipment

Long-term assets owned by a business for use in production, manufacturing, or administrative functions, not intended for sale.

Standard Cost System

This system assigns predetermined costs to the manufacture of products and services, used for budgeting and controlling expenses.