Which of the Following Is Not a Characteristic of Managerial

question 1

Multiple Choice

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

• A)Information is used by external parties.
• B)Information is subjective,relevant,and future-oriented.
• C)Reports are prepared as needed.
• D)Information is reported at the decision making level.

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Definitions:

Rate Of Interest

The percentage of an amount of money which is charged for its use per period of time, often expressed annually.

Unit Banking States

States in the U.S. where banks are required to operate only a single banking office, limiting their physical presence and expansion.

Bank Charter

A legal document that authorizes the creation of a banking institution and outlines its operations.

M1

The most liquid components of the money supply, including cash, demand deposits, and other liquid deposits against which checks can be written.