Which of the Following Is Not a Characteristic of Useful

question 138

Multiple Choice

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

• A) accurate
• B) adhere to GAAP
• C) historical and estimated data
• D) prepared as needed

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Definitions:

Subgoal

A specific, intermediate goal that forms part of a larger goal, making complex tasks more manageable.

Heuristic

A shortcut or rule of thumb that helps in problem-solving and decision-making but does not guarantee a perfect answer.

Fixation

An obsessive focus or attachment to a person, object, or concept, potentially interfering with the ability to progress through developmental stages.

Algorithms

Step-by-step procedures or formulas for solving a problem or accomplishing a task.