Which of the Following Is a Fundamental Characteristic of Management

question 28

Multiple Choice

Which of the following is a fundamental characteristic of management accounting as compared to financial accounting?

• A) Uses only financial data
• B) Satisfies a competitive need
• C) Uses generally accepted accounting principles
• D) Is governed by regulatory agencies

---

Definitions:

Industrialized Nations

Countries that are characterized by a high level of industrialization, advanced technological infrastructure, and higher living standards.

Labor Productivity

The measure of the amount of goods and services produced by one hour of labor.

Worker Hour

A measure of labor that represents one hour of work performed by an employee or a group of employees.

Gross Savings Rate

The percentage of gross national income saved by a country's residents.