Management Accounting

question 74

Multiple Choice

Management accounting:

• A)focuses on measuring,analyzing,and reporting financial and nonfinancial information to help managers estimate future revenue,costs,and other measures to forecast activities and formulate strategies to increase the competitive advantage of the organization.
• B)financial-information purpose is to communicate organization's financial position to investors,banks,regulators,and suppliers.
• C)focus and emphasis is on past-oriented reports.
• D)rules of measurement reporting require financial statements to be prepared in accordance of GAAP.
• E)behavioral information primarily reports economic events,but also influences behavior because manager's compensation is often based on reported financial data.

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Definitions:

Synaptic Gaps

The tiny spaces between neurons, across which neurotransmitters travel to transmit signals from one neuron to another.

Interneurons

Neurons that transmit impulses between other neurons, especially as part of reflex arcs and neural circuits.

Sensory Neurons

Nerve cells that are responsible for converting external stimuli from the environment into corresponding internal stimuli.

Motor Neurons

Nerve cells that initiate and control the movement of muscles by transmitting signals from the brain or spinal cord.