Managerial Accounting Information

question 20

Multiple Choice

Managerial accounting information

• A)pertains to the entity as a whole and is highly aggregated.
• B)must be prepared according to generally accepted accounting principles.
• C)pertains to subunits of the entity and may be very detailed.
• D)is prepared only once a year.

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Definitions:

Employ

To hire or use the services of individuals as workers in exchange for compensation.

Start-Up

A new venture that is trying to discover a profitable business model for future success.

New Venture

An entrepreneurial endeavor that entails the creation and establishment of a new business or enterprise.

Entrepreneur

An individual who, rather than working as an employee, runs a small business and assumes all the risks and rewards of a given business venture, idea, or goods or services offered for sale.