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) _____.

A) informal report
B) vertical report
C) external report
D) lateral report

External Report

A report prepared for individuals or entities outside the organization, often to provide information or analysis about the organization's activities.

Informal Report

A report that is usually short, addressing routine matters, and follows a more relaxed structure and tone.

Lateral Report

A report that communicates information or progress among peers or departments within the same level of an organization, facilitating collaboration.