Since Internal Users Have Access to All the Underlying Data

question 60

Multiple Choice

Since internal users have access to all the underlying data used for managerial accounting reports,

• A)they can create reports that suit their particular decision-making needs.
• B)there is no need to use financial data in making decisions.
• C)they can easily incorporate it into financial statements and provide to external users.
• D)they should provide it to potential investors when requested.

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Definitions:

Human Nature

The inherent characteristics, behaviors, and tendencies that are considered typical or fundamental to all human beings.

Deterministic

The philosophical view that all events, including moral choices, are completely determined by previously existing causes, often used in the context of free will debates.

Infants

Refers to very young children or babies, typically those under one year of age.

Functionally Autonomous Motives

Motives that originate from an earlier cause but continue to motivate behavior even when that original cause is no longer relevant.