The managers at Fazer Technologies Inc. prepared a report on the profits earned and the losses incurred by the company over the last year and presented it to the stockholders of the company. In this scenario, Fazer Technologies Inc.'s report is an example of a(n) _____.
informal report
lateral report
external report
vertical report
In this scenario, Fazer Technologies Inc.'s report is an example of an external report. External reports are typically prepared for stakeholders outside the organization, such as stockholders, to provide them with information about the company's performance.