The Two General Categories of Stakeholders Are _____ Stakeholders

question 20

Multiple Choice

The two general categories of stakeholders are _____ stakeholders.

• A)primary and secondary
• B)reactive and proactive
• C)business and nonbusiness
• D)relevant and irrelevant
• E)pioneering and selective

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Definitions:

Interest Income

Earnings received from investments in various forms of debt, such as savings accounts, certificates of deposit, and bonds.

Periodic Method

A method of inventory accounting in which the cost of goods sold is determined at the end of an accounting period.

Journal Entries

The recording of financial transactions in a journal in a way that they show the debit and credit effect on the accounting system.

Notes Payable (Old)

Obligations in the form of written promissory notes that a business owes to creditors or banks, with "Old" implying they are not recent liabilities.