Which of the Following Statements Is Not True

question 10

Multiple Choice

Which of the following statements is not true?

• A) Financial accounting and managerial accounting are independent of each other.
• B) Financial accounting,due to the requirements of regulation,is mandatory for businesses.
• C) Managerial accounting has a strong orientation towards the future.
• D) Financial accounting presents a historical perspective of business activities.

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Definitions:

Unhealthy Lifestyles

The habits or behaviors that increase the risk of developing health problems, such as diseases or reduced lifespan.

Health Care Costs

Refers to the expenses related to medical care, including the costs of treatments, medications, and hospital stays.

Increasing

A process or trend of becoming progressively larger or greater over time.

Managed-Care Organizations

Health insurance groups that provide healthcare services to their members through specific networks of doctors and hospitals under a fixed budget.