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:

Business Trust

A business organization governed by a group of trustees, who operate the trust for beneficiaries.

Trustees

Individuals or organizations appointed to manage and oversee assets or property for the benefit of others, often in a legal or fiduciary capacity.

Beneficiaries

Individuals or entities designated to receive benefits or assets from a trust, will, or insurance policy.

Jurisdiction

The official power to make legal decisions and judgments, or the territorial range over which such authority extends.