Which of the Following Is Not a Characteristic of Managerial

question 28

Multiple Choice

Which of the following is not a characteristic of managerial accounting?

• A)Information is used by internal parties.
• B)Information is subjective,relevant,and future-oriented.
• C)Reports are prepared as needed.
• D)Reports are prepared according to GAAP.

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Definitions:

Recession

A period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.

Growth Stocks

Shares in companies that are expected to grow at an above-average rate compared to other firms in the market.

Long-Term Bonds

Bonds with a maturity period typically longer than ten years, offering the potential for higher yields but also greater risk.

GDP

stands for Gross Domestic Product, a measure of the economic performance of a country, representing the total value of all goods and services produced over a specific time period.