Select the correct statement from those listed below:
A)Investors and creditors use nonfinancial feedback to evaluate business performance.
B)Internal managers need only nonfinancial feedback for proper planning and control of operations.
C)Internal managers need reports at the same frequency as external users.
D)Internal managers need much more frequent and detailed reports than external users.

Question

Quizplus · Accepted Answer

Internal managers require much more frequent and detailed reports than external users to monitor the day-to-day operations of the business and make informed decisions. Investors and creditors mainly rely on financial feedback to evaluate business performance, while internal managers need a combination of financial and nonfinancial feedback to plan and control operations effectively. Therefore, option D is the correct statement.

Select the Correct Statement from Those Listed Below