Which of the Following Statements Is True About the Use

question 130

Multiple Choice

Which of the following statements is true about the use of managerial accounting information in nonprofit organizations?

• A)Universities do not exist strictly to earn profit for shareholders,so managerial accounting information is not vital to their operations.
• B)Unlike other nonprofits,hospitals (which exist with a focus on financial results in addition to health metrics)make use of managerial accounting.
• C)Because managers of nonprofit organizations need timely and relevant information to make decisions,managerial accounting is vital to these organizations.
• D)Because nonprofit organizations-hospitals,educational institutions,charities-do not exist with a profit motive,they do not use managerial accounting principles.

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Definitions:

Science And Technology Studies

An interdisciplinary field that examines how social, cultural, and political conditions shape scientific research and technological innovation and how these, in turn, affect society.

Actor-Network Theory

A theoretical and methodological approach in social sciences that treats both human and non-human entities as equally important actors in the creation and maintenance of social networks.

Premodernity

A period in history characterized by the absence of modern technology and ideas, often demarcated before the development of industrial societies.

Postmodernity

A cultural, intellectual, or artistic state lacking a clear central hierarchy or organizing principle, breaking with classical and modernist concepts, often emphasizing skepticism and relativism.