Which of the Following Statements Is True

question 35

Multiple Choice

Which of the following statements is true?

• A) External and internal users of accounting information have exactly the same information needs.
• B) Financial accounting is less flexible than managerial accounting.
• C) Managerial accounting provides the best information to external users.
• D) Managerial accounting emphasises the organisation as a whole more than financial accounting.

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Definitions:

Species

The basic unit of biological classification, defined as a group of living organisms consisting of similar individuals capable of exchanging genes or interbreeding.

Molecular Clock

A technique used to estimate the time of evolutionary changes based on the mutation rates of biomolecules.

DNA

Deoxyribonucleic acid, a molecule that carries the genetic instructions used in growth, development, function, and reproduction of all known living organisms.

RNA

RNA, a vital nucleic acid found in every living cell, functions as a courier, delivering directions from DNA to regulate protein synthesis.