Which of the Following Statements Is INCORRECT

question 69

Multiple Choice

Which of the following statements is INCORRECT?

• A)Managerial accounting is used to report the company's financial position and results of operations to creditors and investors.
• B)Managerial accounting is used to plan and control business operations.
• C)Managerial accounting is used to prepare budgets.
• D)Managerial accounting is used to determine the cost of products and services.

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Definitions:

Managing Through People

Achieving objectives by working effectively with and through the people in an organization.

New Public Service

A modern approach to public administration that emphasizes serving citizens and addressing their needs and preferences.

Commanding People

The act of directing or controlling individuals or groups with authority, often without discussion or input from those being commanded.

Implementing Policies

The process of putting plans, guidelines, or rules into effect to achieve desired outcomes.