Which of the Following Items Does Not Represent a Difference

question 12

Multiple Choice

Which of the following items does not represent a difference between financial and managerial accounting?

• A)Users of the information.
• B)Flexibility of reporting.
• C)Timeliness of information.
• D)Focus of the information.
• E)Managerial accounting does not use the financial information from the financial accounting system.

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Definitions:

Generosity

The quality of being willing to give money, help, kindness, etc., more than is usual or expected.

Principle Of Need

A social and ethical principle suggesting that resources and assistance should be distributed based on individual needs.

Nonmaleficence

The ethical principle of doing no harm and preventing harm to others.

Beneficence

The ethical principle that emphasizes acting in the best interests of others, promoting good actions and minimizing harm.