All of the Following Entities Would Have a Need for Managerial

question 49

Multiple Choice

All of the following entities would have a need for managerial accounting information except:

• A) the state of Michigan.
• B) an Internet provider
• C) a retail clothing outlet
• D) a bookkeeping service
• E) None of these responses is correct, as all of these entities would use managerial accounting information.

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Definitions:

Monthly Quota

Monthly Quota is a specified, quantifiable goal that a person or organization is expected to reach within a month, often used in sales and production.

Gross Pay

Gross Pay refers to the total amount of money earned by an employee before any deductions are made for taxes, benefits, or other withholdings.

Base Salary

The initial salary amount paid to an employee, not including any benefits, bonuses, or overtime.

Commission

A service charge assessed by a broker or agent for facilitating a transaction, usually a percentage of the transaction value.