Which of the Following Groups Are External Users of Financial

question 171

Multiple Choice

Which of the following groups are external users of financial information?

• A)Customers of the company
• B)Potential investors of the company
• C)Vendors of the company
• D)All of the above

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Definitions:

Internal Equity

The practice of ensuring that employees are compensated fairly in relation to one another within the same organization.

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.

Job-Based Pay

A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.

Competency-Based Pay

Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge