Which of the Following Is Not a Way Managers Use

question 103

Multiple Choice

Which of the following is not a way managers use managerial accounting?

• A)Provide information used in planning, evaluation and controlling functions
• B)Partner with management decision-making
• C)Assure accountability for an organization's resources
• D)Communicate information to stockholders

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Definitions:

Horizontal Analysis

A financial analysis technique that compares historical financial data over a series of reporting periods to identify trends and changes.

Notes Receivable

Written promise (as evidenced by a formal instrument) for amounts to be received.

Retained Earnings

Net income that the corporation retains for future use.

Operating Expenses

Expenses incurred through the normal operations of a business, including rent, utilities, and salaries, but excluding costs of goods sold.