Describe who needs information about a business and why they may need it
What will be an ideal response?
Users of financial information include managers who need information to plan, control, and evaluate the operation of a business. Regulators and government agencies such as the SEC and IRS require information to monitor compliance with government regulations such as payment of taxes. Creditors require information about the financial health of a company before they will lend money to a business.
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The level of dividends a firm expects to pay is generally unrelated to how rapidly it expects to grow as well as the level of asset investments required
Indicate whether the statement is true or false
The price that a company selects for its products as it enters a new international market will be determined in part by the company objectives. Which of the following are examples of such objectives?
a. Getting established for the long run b. Developing a favorable image c. Gaining a large market share d. All of the above