9 Question 5 (Mandatory) (2.5 points). A corporation has which of the following set of characteristics? Shared control, tax advantages, increased skills and resources Simple to set up and maintains control with founder Easier to transfer ownership and raise funds, no personal liability Harder to raise funds and gives owner control Question 6 (Mandatory) (2.5 points) Which of the following is the best definition of an internal user of accounting information? Investors who use accounting information to decide whether to buy or sell stock. Creditors like banks that use accounting information to evaluate the risk of lending money. Labor unions who use accounting information to examine the ability of the company to pay increased wages and benefits. Managers who use accounting information to plan, organize, and run a business. Question 7 (Mandatory) (2.5 points) Which of the following is the most appropriate definition of accounting? The information system that identifies, records, and communicates the economic events of an organization to interested users. A means of collecting information. The interconnected network of subsystems necessary to operate a business. Electronic collection, organization, and communication of vast amounts of information. Question 8 (Mandatory) (2.5 points) The group of users of accounting information charged with achieving the goals of the business is its auditors. investors. managers. Ocreditors.