Match the Following Terms with the Appropriate Definition

question 175

Multiple Choice

Match the following terms with the appropriate definition.
-Persons using accounting information who are not directly involved in running the organization.

• A)Internal users
• B)Fraud triangle
• C)Managerial accounting
• D)Ethics
• E)External users
• F)Certified Public Accountant (CPA)
• G)Financial accounting
• H)Accounting
• I)Recordkeeping

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Definitions:

Marginal Product

The additional output that is produced by using one more unit of a particular input, holding other inputs constant.

Optimal Labor Employment

The most efficient and effective level of staffing for a business or organization to maximize productivity and minimize costs.

Minimum Wage

The lowest legal salary that employers can pay their employees, often set by government laws.

Marginal Product

The additional output that is produced by using one more unit of a specific input, keeping other inputs constant.