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4 years ago

Financial accounting is utilized by ________ in order to make business decisions:

Business

1 answer:

alex41 [277]4 years ago

6 0

Answer:

a. stockholders and creditors

Explanation:

Financial accounting is utilized by stockholders and creditors in order to make business decisions.

The shareholder use financial accounting reports to determine if the company's performance is as expected and to decide if more money should be invested or funds invested be pulled out (through the sales or transfer of equity).

Creditors use financial accounting to analyze the ability of the company to pay up debts owed to them when due, also to know if to continue to extend credit facilities to the organization.

Production employees rarely use financial accounting, rather, they are more concerned with management accounting considering elements like production cost, material variances, sales budget etc.

Customers are predominantly concerned about the availability of products and the presence of close substitute.

Hence the right option is a.

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Four techniques for Risk Management are avoided, control, transfer, or retain.

<h3>Risk management allows project success</h3>

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The Risk Manager will oversee the association's comprehensive insurance and risk management program, considering and identifying hazards that could impede the reputation, safety, security, or the financial triumph of the organization.

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