The Area of Accounting That Provides Managers Inside the Organization

question 295

Multiple Choice

The area of accounting that provides managers inside the organization with information they need to make decisions is called

• A) tax accounting.
• B) managerial accounting.
• C) informational accounting.
• D) financial accounting.

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Definitions:

Coverage Error

A statistical error that occurs when some members of the intended population are not represented in the sampling frame.

Sampling Frame

The list or database from which a sample is drawn in research, representing the population of interest.

Sampling Error

The discrepancy between the statistical characteristics of a population and those of a sample drawn from it, which occurs purely by chance.

Data Management

The practice of collecting, keeping, and using data securely, efficiently, and cost-effectively through the use of policies, procedures, and technologies.