Select the Correct Statement Regarding Managerial and Financial Accounting

question 18

Multiple Choice

Select the correct statement regarding managerial and financial accounting.

• A) Users of managerial accounting information desire greater aggregation than do users of financial accounting information.
• B) Both managerial and financial accounting use economic and physical data in addition to financial data.
• C) Financial accounting is more highly regulated than managerial accounting.
• D) Timeliness is more important in financial accounting than in managerial accounting.

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Definitions:

Ethnic Product

Goods that are specifically designed for, or associated with, a particular cultural or ethnic group.

High-context

A communication style wherein much of the information is understood from the context rather than stated explicitly in verbal or written form.

Gestures

Movements of the body, particularly the hands or head, used to express ideas or emotions.

Ethnic Subculture

a group within a larger culture that differentiates itself from the larger culture to which it belongs, based on ethnic or cultural identity.