16. From the point of view of an entity, a person or business entity to whom a debt is owed is known as a: a. debtor b. creditor c. debitor d. bank 17The two broad branches into which accounting is divided are: a. Company and partnership b. Management and financial c. Taxation and audit d. Commercial and non-commercial 18. Accounting is a profession that has evolved in response to society's need for economic information to help people make: a. Dollars b. Decisions c. Demands d. Donations 19. Which of these is not an economic decision a. Religious belief b. Taking out a loan c. Purchasing a mobile phone d. Renting a flat 20. External decision-makers a. Exist outside the organisation but have an interest in it b. Reside overseas c. Operate from branch locations d. Must be owners