External Users of Financial Information

question 171

Multiple Choice

External users of financial information:

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

Identify different methods and their purposes in performance evaluation.

Grasp the characteristics of effective performance standards.

Recognize the importance and techniques of objective and subjective observation in performance appraisal.

Acknowledge various rater errors and biases in performance appraisal.

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Definitions:

David McClelland

was a prominent psychologist known for his work on motivation theory, including the concepts of Need for Achievement, Power, and Affiliation.

Types Of Needs

Categories of necessity varying from physiological, such as food and water, to psychological, such as esteem and belonging.

Sexual Orientation

An enduring pattern of romantic or sexual attraction to persons of the opposite sex, the same sex, both sexes, or more, including heterosexuality, homosexuality, bisexuality, and more.

Positive Emotions

Feelings that are generally perceived as pleasant or beneficial, such as happiness, joy, love, and excitement.