Managerial Accounting

question 18

Multiple Choice

Managerial accounting:

• A) is unregulated.
• B) produces information that is useful only for manufacturing organizations.
• C) is based exclusively on historical data.
• D) is regulated by the Securities and Exchange Commission (SEC).
• E) generally focuses on reporting information about the enterprise in its entirety rather than by subunits.

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Definitions:

Weber's Law

A principle stating that the change in a stimulus that will be just noticeable is a constant ratio of the original stimulus.

Just Noticeable Difference

The minimal change in a stimulus that can just barely be detected by an organism.

Absolute Threshold

The lowest level of stimulation that a person can consciously detect 50 percent of the time the stimulation is present.

Stimulus

is any object or event that elicits a sensory or behavioral response in an organism.