Which of the Following Is a Difference Between Financial Accounting

question 25

Multiple Choice

Which of the following is a difference between financial accounting and managerial accounting?

• A)Financial accounting is designed to meet the needs of company managers, whereas managerial accounting provides stockholders with information about the overall financial performance of a firm.
• B)Financial accounting provides accounting information exclusively to government agencies, whereas managerial accounting is designed to specially meet the needs of suppliers and creditors.
• C)Financial accounting provides stockholders with information about the overall financial performance of a firm, whereas managerial accounting is designed to meet the needs of company managers.
• D)Financial accounting provides company accounting information for public consumption, whereas managerial accounting provides stockholders with information about the overall financial performance of a firm.

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Definitions:

Network

A series of stations or devices connected by some type of communications medium.

Repeater

A device in telecommunications that receives a signal and retransmits it at a higher level or higher power, or onto the other side of an obstruction, so that the signal can cover longer distances without degradation.

Device Bus Networks

Systems of communication protocols and pathways that allow for data and control signal exchange among various devices and components in a computer or automation system.

Pushbuttons

Manual control devices that, when pressed, can complete or break an electrical circuit to initiate some action or process.