Which Type of Accounting Addresses the Needs of External Stakeholders

question 7

Multiple Choice

Which type of accounting addresses the needs of external stakeholders, including shareholders, creditors, and government regulators?

• A) forensic accounting
• B) managerial accounting
• C) investigative accounting
• D) financial accounting

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Definitions:

Technology Improvement

Enhancements or innovations in technology that increase productivity, efficiency, and product quality in various sectors.

Economy

The system of production, consumption, and distribution of goods and services in a particular geographic region or country.

Production Possibility Frontier

A chart representing the ultimate production possibilities of two items, given certain inputs and the current state of technology.

Unemployment

A situation in which individuals who are capable of working and are actively seeking work are unable to find employment.