Managerial Accounting

question 114

Multiple Choice

Managerial accounting

• A)is primarily directed at external users of accounting information.
• B)is required by taxing authorities such as the IRS.
• C)must follow GAAP.
• D)focuses on future performance.

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Definitions:

Clerical Assistants

Administrative support professionals who perform a variety of office tasks, such as typing, filing, handling phone calls, and maintaining records, to ensure efficient operations.

Political\Legal Environment

The framework of laws, regulations, and political conditions that affect the operation of a business or organization.

Governmental Organizations

Institutions that are part of the government structure, operating under governmental rules and regulations to implement policies and provide public services.

Interest Groups

are organizations formed around a shared concern or advocacy for specific issues, aiming to influence public policy or opinion.