The two classes of decision makers who rely on accounting information are:
A)Managers and employees.
B)Stockholders and creditors.
C)Governmental agencies and owners.
D)Decision makers inside the firm and decision makers outside the firm.
E)Auditors and executives.

Question

Quizplus · Accepted Answer

Decision makers inside the firm, such as managers and executives, use accounting information for internal decision making. Decision makers outside the firm, such as stockholders and creditors, rely on accounting information for investment and lending decisions.

The Two Classes of Decision Makers Who Rely on Accounting