Which One of the Following Groups Is Considered an Internal

question 124

Multiple Choice

Which one of the following groups is considered an internal user of financial statements?

• A)A supplier considering selling to the company on credit.
• B)The labor union representing employees of a company that is involved in labor negotiations
• C)The financial analysts for a brokerage firm who are preparing recommendations for the firm's brokers on companies in a certain industry,
• D)Managers of the company that supervise production workers.

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Definitions:

Short-Term Bank Loan

A loan obtained from a bank that has a maturity of one year or less.

Accounts Payable

Money owed by a company to its creditors for products or services that have been delivered or used but not yet paid for.

NAICS

The North American Industry Classification System, which is used to categorize businesses and industries for statistical purposes in the United States, Canada, and Mexico.

Governmental ID System

Systems implemented by governments to issue identification to its citizens, often used for verification purposes and accessing government services.