Which of the Following Statements Best Describes Managerial Accounting

question 138

Multiple Choice

Which of the following statements best describes managerial accounting?

• A)Managerial accounting focuses on information for internal decision making.
• B)Managerial accounting focuses on outside investors and lenders.
• C)Managerial accounting provides information for the public.
• D)Managerial accounting provides information for taxing authorities.

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Definitions:

Behaviorally Anchored Rating Scale

A performance appraisal method that uses specific examples of behavior to evaluate employees' performance.

Reliability

Is the consistency of a particular selection device—that is, it measures whatever it is supposed to measure without random error; this is not the same as accuracy.

Behavioral Examples

Specific instances of an individual's actions or reactions used to illustrate patterns of behavior.

Performance Appraisal

A systematic evaluation of an employee's performance at work, typically conducted by their supervisor to provide feedback and guide future development.