The Field of Accounting That Is Concerned with External Users

question 72

Multiple Choice

The field of accounting that is concerned with external users of a company's financial information is called

• A) managerial accounting.
• B) bookkeeping.
• C) public accounting.
• D) financial accounting.
• E) auditing.

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Definitions:

Perform Poorly

To achieve results that are below expectations or standards in a given task or activity.

Ultimatum Game

A game in economic experiments where two players decide on how to divide a sum of money; the proposer suggests a split, and the responder can accept or reject it.

Decider

The person responsible for making decisions, especially in contexts where multiple individuals or groups may be affected.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning that no one can be prevented from using them and one person's use does not reduce availability for others.