Which of the Following Is True Regarding Managerial Accounting

question 4

Multiple Choice

Which of the following is true regarding managerial accounting?

• A) It often emphasises segments rather than the organisation as a whole.
• B) It often must follow established rules called generally accepted accounting principles.
• C) Its primary focus is on providing information to external users.
• D) It is less flexible than financial accounting.

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Definitions:

Margin of Error

The half-width of a confidence interval, representing the maximum expected difference between the true population parameter and a sample estimate of that parameter.

Population Standard Deviation

A measure of the dispersion or spread of a set of data values in a population, indicating how much individuals within this population vary from the population mean.

Interval Estimate

An estimate of a population parameter that provides a range of values believed to contain the parameter with a certain degree of confidence.

Sample Standard Deviation

A measure of the dispersion or variability of a set of data points in a sample.