Which One of the Following Statements Does Not Describe Management

question 1

Multiple Choice

Which one of the following statements does not describe management accounting?

• A) Management accounting information is concerned with reporting outcomes of past events to users external to the organisation.
• B) Management accounting is concerned with reporting accounting and cost information to users within an organisation.
• C) Management accounting information is used to plan levels of production and activity in the future.
• D) Management accounting information is mostly concerned with the present and the future.

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Definitions:

Achievement

The process of using one's skills and efforts to reach a goal or accomplish something, often recognized through rewards, success, or the fulfillment of objectives.

Selective Optimization With Compensation

A strategy for improving overall functioning by focusing on strengths, compensating for weaknesses, and selecting tasks that minimize limitations.

Paul Baltes

A psychologist known for his work in the field of developmental psychology, particularly in the lifelong process of human development and aging.

Fluid Intelligence

refers to the ability to reason quickly, think abstractly, and solve problems in novel situations independently of acquired knowledge.