Which of the Following Statements Is False

question 94

Multiple Choice

Which of the following statements is false?

• A)A primary purpose of cost accounting is to determine valuations needed for external financial statements.
• B)A primary purpose of management accounting is to provide information to managers for use in planning,controlling,and decision making.
• C)The act of converting production inputs into finished products or services necessitates cost accounting.
• D)Two primary hallmarks of cost and management accounting are standardization of procedures and use of generally accepted accounting principles.

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Definitions:

Unionized Firm

A company where the workforce is organized into a union, which negotiates with the employer on matters such as wages, hours, and working conditions.

Desired Behaviour

The specific actions or reactions expected from employees that are aligned with organizational goals and values.

Instrumentality

The perceived relationship between performance and the attainment of certain outcomes, key to understanding motivation in expectancy theory.

Expectancy

In the context of motivation, expectancy refers to an individual's belief that a particular effort will lead to a desired performance level.