What Are Managers, Shareholders, Employees, and Creditors

question 42

Multiple Choice

What are managers, shareholders, employees, and creditors?

• A) They are people designated by the board of directors to review company documents.
• B) They are all users of accounting information to assess a company's finances.
• C) They are auditors of the health and well-being of a company.
• D) They are all employees of a corporation.

---

Definitions:

Highly Inelastic

A situation where the demand or supply for a good or service is insensitive to changes in its price.

Highly Elastic

Describes a situation where the supply or demand for a product or service changes significantly in response to changes in price.

Per-Unit Subsidy

A government payment made for each unit of a product produced or sold, aimed at reducing the price or encouraging production.

Sales Tax

A tax imposed by government authorities on the sale of goods and services, typically calculated as a percentage of the purchase price.