External Users of Financial Information

question 41

Multiple Choice

External users of financial information:

• A)Are those individuals involved in managing and operating the company.
• B)Include internal auditors and managers.
• C)Are not directly involved in operating the company.
• D)Make strategic decisions for a company.
• E)Make operating decisions for a company.

---

Definitions:

Mean of a Sample

The average value obtained by dividing the sum of all observations in a sample by the number of observations.

Mean of a Population

The average value derived from adding all the values in a population and then dividing by the number of values.

Null Hypothesis

A default hypothesis that there is no effect or no difference, used as a starting point for statistical significance testing.

One-sample Z-test

A statistical test used to determine if the mean of a single sample differs significantly from a known or hypothesized population mean.