Managerial Accounting Is Also Called

question 40

Multiple Choice

Managerial accounting is also called

• A) management accounting.
• B) controlling.
• C) analytical accounting.
• D) inside reporting.

---

Definitions:

Profit Center

A profit center is a segment or area of a business that is responsible for generating its own revenues and hence directly contributes to the company's overall profit.

Indirect Expenses

Costs that are not directly attributable to a specific product or service but are necessary for the operation of a business, such as utilities or rent.

Gross Profit Ratio

Gross profit ratio is a financial metric that represents the proportion of money left over from revenues after accounting for the cost of goods sold.

Wage Expenses

The total cost incurred by a company for the payment of wages to its employees.