A fintech startup is analyzing data to determine the viability of launching a new micro-lending app. Which TWO of the following represent EXTERNAL sources of management information for this startup?

Answer options:

Government demographic statistics regarding unbanked populations.

The startup's internal server downtime logs.

Competitor interest rate publications.

Employee timesheets from the software development team.

How to approach this question

Distinguish between data generated within the company's own operations and data obtained from outside entities.

Full Answer

External information is obtained from sources outside the organization, such as government reports, market research, and competitor analysis. Internal information is generated from within, such as accounting records and operational logs.

Common mistakes

Selecting internal operational data assuming it relates to the 'new' product.

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Practice the full ACCA MA — Management Accounting Practice Exam 4

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