Which of the Following Decision Makers Is Least Likely to Be

question 30

Multiple Choice

Which of the following decision makers is least likely to be among the users of management accounting reports developed by Sears Roebuck and Co.?

• A)The chief executive officer of Sears.
• B)The manager of the Automotive Department in a Sears' store.
• C)The manager of a mutual fund considering investing in Sears' common stock.
• D)Internal auditors within the Sears organization.

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Definitions:

Top-Down Approach

A method of analysis that starts with the broader economy or large investment categories and works its way down to individual stocks or securities.

Sales

The total amount of goods or services sold by a company within a specified period.

Internal Rate of Return

The discount rate at which the net present value of all the cash flows (both positive and negative) from a project or investment equals zero.

Salvage Value

The projected value an asset will hold for resale when it's no longer useful.