Flexibility of Practice When Applied to Managerial Accounting Means That

question 158

Multiple Choice

Flexibility of practice when applied to managerial accounting means that

• A)The information must be presented in electronic format so that it is easily changed.
• B)Managers must be willing to accept the information as the accountants present it to them,rather than in the format they ask for.
• C)The managerial accountants need to be on call twenty-four hours a day.
• D)Managerial accounting system differ across companies depending on the nature of the business and the arrangement of its internal operations.
• E)Managers must be flexible with information provided in varying forms and using inconsistent measures.

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Definitions:

Amistad

The name of a Spanish slave ship notably involved in a revolt by African captives in 1839, leading to a legal battle in the United States Supreme Court.

Supreme Court

The highest judicial body in a country, typically having the ultimate authority over all other courts within the nation's jurisdiction.

Slave Rebellion

A collective uprising by enslaved individuals seeking to gain freedom and resist their conditions.

Harriet Tubman

An iconic African American abolitionist and political activist known for her role in the Underground Railroad.