Which of the Following Provides Information Primarily to External Users

question 53

Multiple Choice

Which of the following provides information primarily to external users?

• A) Managerial accounting
• B) Budgeting accounting
• C) Financial accounting
• D) Forecast accounting

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Definitions:

Absolute Advantage

The ability of a party to produce a greater quantity of a good, product, or service than competitors using the same amount of resources.

Economic Basis

The fundamental factors that determine the structure and operation of an economy, such as its resources, technology, and social relations.

Terms Of Trade

The ratio at which a country can trade its exports for imports from other countries, indicating the economic value of goods a country can procure through international trade.

Specializing

The process of focusing on and becoming an expert in a particular subject or skill, often leading to increased efficiency and productivity.