Asked by Sofiya Hoyda on May 30, 2024
Verified
As labour unions represent employees they are also regarded as internal users.
Labour Unions
Organizations formed by workers to protect their rights and interests, often engaging in collective bargaining with employers over wages, benefits, and working conditions.
Internal Users
Individuals or groups within an organization who use financial and non-financial information to make decisions, such as management and employees.
- Ascertain the internal and external constituencies that make use of accounting information.
- Understand the importance and duties of different external users including labor unions, potential employees, and taxing authorities.
Verified Answer
KT
KANAPATHY TAMIL CHELVAMJun 02, 2024
Final Answer :
False
Explanation :
Labour unions, while representing employees, are considered external users because they do not directly participate in the management or operations of the company.
Learning Objectives
- Ascertain the internal and external constituencies that make use of accounting information.
- Understand the importance and duties of different external users including labor unions, potential employees, and taxing authorities.
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