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:

Effort

The amount of physical or mental energy put into a task or activity to achieve a desired outcome or result.

Cultural Emphasis

The prioritization and special focus on certain cultural values, norms, and practices within a society or organization.

Internal Attribution

The process of explaining one's own behavior and the behavior of others based on internal characteristics, such as personality traits, beliefs, or motives.

Fate

The development of events beyond a person's control, regarded as determined by a supernatural power.