Part A. Identify the following questions as most likely to be asked by an Internal user or an External user of accounting information. 

1. Which inventory items are out of stock? 

2. Should we make a five-year loan to that business? 

3. What are the costs of our product’s ingredients? 

4. Should we buy, hold, or sell a company’s stock? 

5. Should we spend additional money for redesign of our product? 

6. Which firm reports the highest sales and income? 

7. What are the costs of our service to customers? 

Part B. Identify the following users as either an Internal user or an External user. 

1. Research and development executive 

2. Human resources executive 

3. Politician 

4. Shareholder 

5. Distribution manager 

6. Creditor 

7. Production supervisor 

8. Purchasing manager