Accounting Information Serves a Management Function When It Is Used

question 101

Multiple Choice

Accounting information serves a management function when it is used by:

• A)executives to make a business decision.
• B)government officials to regulate the business and its financial records.
• C)labor unions to negotiate contracts with the business.
• D)investors to vote on company policies.

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Definitions:

Britons

Refers to the people from Great Britain.

Eighteenth-Century Chesapeake

Refers to the region around the Chesapeake Bay, including Virginia and Maryland, during the 1700s, known for its tobacco plantation economy and reliance on slave labor.

Thirteen Colonies

The group of British colonies on the Atlantic coast of North America founded between the 17th and 18th centuries, which declared independence in 1776 and formed the United States.

Eighteenth-Century British America

Pertains to the British colonies in North America during the 1700s, before the American Revolution, characterized by colonial expansion, economic changes, and conflicts with Indigenous peoples.