Which of the Following Is Most Associated with Managerial Accounting

question 118

Multiple Choice

Which of the following is most associated with managerial accounting?

• A) must follow GAAP
• B) may rely on estimates and forecasts
• C) is prepared for users outside the organization
• D) always reports on the entire entity

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Definitions:

Rote Behavior

Actions performed mechanically or automatically, without thought or intention, often through memorization or repetition.

Latent Learning

A type of learning that occurs without any obvious reinforcement of the behavior or associations that are learned, and the knowledge is not immediately expressed.

Insight Learning

A form of problem solving where the solution suddenly comes to the learner after a period of reflection, rather than through trial and error.

Discrimination

Unfair and prejudiced treatment directed at various groups, particularly because of their race, age, or sex.