Business studies

All of the following are external people who would be interested in knowing the financial position of a business except..

• creditors

• banks

• employees

• competitors

True or false?

Individuals are not interested in knowing the financial position of a business.

• true

• false

True or false?

Individuals are interested in knowing the financial position of a business.

• true

• false

True or false?

Different groups of people are not interested in knowing the financial position of a business.

• true

• false

True or false?

Different groups of people are interested in knowing the financial position of a business.

• true

• false

How much a business is worth can be referred to as....

• financial statement

• financial position

True or false?

Financial statements are a report that will help us determine the financial position of a business.

• True

• False

True or false?

Financial statements are made up of specific elements.

• true

• false

True or false?

Financial statements are not made up of specific elements.

• true

• false

Which of the following is not an of elements of financial statements.

• assets

• income

• liabilities

• expenses and equity

• land