Which of the Following Statements BEST Describes Managerial Accounting

question 47

Multiple Choice

Which of the following statements BEST describes managerial accounting?

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

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Definitions:

Predict

To predict means to declare or indicate a future event or outcome based on observation, reasoning, or scientific evidence.

Time Spent

The duration or period during which an action takes place or an individual is engaged in a particular activity.

Mean

The average of a set of numbers, calculated by adding them all together and then dividing by the total number of values.

Central Tendency

A statistical measure that identifies a single value as representative of an entire distribution of data, commonly the mean, median, or mode.