Which of the Following Is NOT a Fundamental Characteristic of Management

question 51

Multiple Choice

Which of the following is NOT a fundamental characteristic of management accounting as compared to financial accounting?

• A) Evolves from the best practices of companies
• B) Results in only financial data
• C) Exists to serve the competitive needs of organizations
• D) Results in both financial and nonfinancial information

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Definitions:

Personal Virtue

The quality of moral excellence, righteousness, and responsibility that is an aspect of one's character.

Moral Impulse

The human instinct to behave morally.

Absolutism

A political doctrine and form of government where unlimited, complete power is held by a single individual, often a monarch or dictator, or a centralized authority.

Ethical Decisions

Choices based on moral principles and values, often considering the well-being of others and the broader society.