Which of the Following Is Not an Objective of Managerial

question 81

Multiple Choice

Which of the following is not an objective of managerial accounting?

• A) Providing information for decision making and planning.
• B) Assisting in directing and controlling operations.
• C) Maximizing profits and minimizing costs.
• D) Measuring the performance of managers and subunits.
• E) Motivating managers toward the organization's goals.

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Definitions:

Price

Price is the amount of money expected, required, or given in payment for something, playing a central role in the economics of market transactions.

Good

An item or product that can be bought, sold, or traded, contributing to an economy's wealth or resources.

Monopsonist

A market condition in which there is only one buyer for a product or service, giving the buyer substantial power over prices.

Maximizing Profit

The process or strategy implemented by a company to ensure that they achieve the highest possible financial gain from their operations, taking into account both revenue and costs.