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

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Definitions:

Increases

Refers to a growth or rise in quantity, size, number, or intensity of a particular object or phenomenon.

Decreases

The process of becoming smaller or fewer in amount, size, intensity, or degree.

Chief Executive Officers (CEOs)

the highest-ranking corporate officers or executives in charge of managing an organization, responsible for making major corporate decisions.

Resolute

Demonstrating firm determination or unwavering resolve in attitude, purpose, or action.