1. The following are users of financial information:

_______ Customers

______ Store manager

_______ Canada Revenue Agency

______ Supplier

_______ Labour unions

______ Chief Financial Officer

_______ Marketing manager

______ Loan officer

2.  The following questions could be asked by an internal user or an external user.

_______ Can the company afford to give our members a pay raise?

_______ How does the company’s profitability compare with other companies in the industry?

_______ Do we need to borrow money in the near future?

_______ What does it cost to manufacture each unit produced?

_______ Has the company paid all income tax amounts owing?

_______ Which product should we emphasize?

a. In part 1, identify the users as being either external users (E) or internal users (I).

b. In part 2, identify each of the questions as being more likely asked by an internal user (I) or an external user (E).