Which of the Following External Users Would Require Financial Statement

question 8

Multiple Choice

Which of the following external users would require financial statement information,specifically information concerning ability to meet financial obligations?

• A) Governmental units
• B) Lenders
• C) Vendors
• D) Employees
• E) Customers

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Definitions:

Official Position

denotes a designated role or rank within an organization that comes with specific responsibilities and authority.

Organizational Politics

Activities within an organization that involve the use of power and social networking to achieve changes that benefit the organization or individuals within it.

Expert Power

The ability to influence others based on one's recognized knowledge, skills, or experience in a particular area.

Political Behaviors

Actions or activities undertaken by individuals or groups within an organization or society aimed at influencing the distribution of power and resources.