Which of the Following Statements Is True Concerning External Users

question 75

Multiple Choice

Which of the following statements is true concerning external users of financial information?

• A)External users need detailed records of the business to make informed decisions.
• B)External users are primarily responsible for the preparation of financial statements.
• C)External users rely on the financial statements to help make informed decisions.
• D)External users rely on management to tell them whether the company is a good investment.

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Definitions:

Carbon Footprint

The total amount of greenhouse gases emitted by an individual, organization, event, or product, usually expressed in equivalent tons of carbon dioxide (CO2).

Hybrid Automobiles

Vehicles powered by a combination of an internal combustion engine and one or more electric motors, using energy stored in batteries.

Green Consumers

Individuals who prefer to buy products and services that are environmentally friendly and produced in a sustainable manner.

Immediate Marketing Environment

The external factors including suppliers, distributors, customers, and competitors that directly affect a company's marketing activities.