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Which of the following is NOT a way for managers to create and maintain power?
Financial Accounting
The area of accounting focused on reporting financial information and performance outcomes to external parties such as investors and creditors.
Managerial Accounting
Managerial Accounting involves the process of identifying, measuring, analyzing, and interpreting accounting information to help managers make informed business decisions.
Quantitative Information
Data that can be measured and expressed numerically, allowing for statistical analysis and comparison.
Accounting Standards
Guidelines established by authoritative bodies that dictate how financial transactions and elements should be recorded and reported in financial statements.
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