Managerial Accounting Applies to Each of the Following Types of Businesses

question 119

Multiple Choice

Managerial accounting applies to each of the following types of businesses except

• A) service firms.
• B) merchandising firms.
• C) manufacturing firms.
• D) Managerial accounting applies to all types of firms.

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Definitions:

Discrete Approach

A method in mathematics and computing that involves distinct, separate values rather than a continuous set of values.

Integral Approach

A comprehensive method or strategy that considers all factors, components, or aspects as interconnected and essential for achieving a particular goal or understanding a complex issue.

Discrete Approach

A method in accounting or finance that involves separate, individual consideration or analysis of items or periods.

Interim Financial Reports

Financial statements that are issued for a period shorter than the fiscal year, such as quarterly or semi-annually, to provide timely information to investors.