Internal Users of Financial Accounting Information Include All of the Following

question 34

Multiple Choice

Internal users of financial accounting information include all of the following except:

• A)Investors.
• B)Managers.
• C)Chief Financial Officer.
• D)Chief Executive Officer.

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Definitions:

Availability Bias

A cognitive bias where people overestimate the importance of information that is readily available to them.

Confirmation Error

A cognitive bias where individuals favor information that confirms their existing beliefs or hypotheses.

Representativeness Bias

A cognitive bias where individuals incorrectly assess the likelihood of an event based on how closely it resembles their stereotypes of a category.

Lack-of-participation Error

A common mistake in decision-making processes, where not all relevant parties are involved, leading to suboptimal outcomes.