Management Reports Are

question 11

Multiple Choice

Management Reports are:

• A)used by management and do not have to follow specified rules (i.e.GAAP or Internal Revenue Code).The reports are prepared as needed to provide management with information to make informed business decisions.
• B)used by management and follow a specified set of rules (i.e.GAAP or Internal Revenue Code).The reports are prepared to ensure management can provide outside users with information to make informed decisions regarding their company.
• C)used by management and do not follow specified rules (i.e.GAAP or Internal Revenue Code).The reports are prepared either monthly,quarterly or yearly to ensure management is reviewing financial data on a timely basis.
• D)used by management and follow a specified set of rules (i.e.GAAP or Internal Revenue Code).The reports are prepared either monthly,quarterly or yearly to ensure management is reviewing financial data on a timely basis.

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Definitions:

Interest Rate

The percentage of a sum of money charged for its use, often expressed as an annual percentage rate.

Relative Frequency

The ratio of the number of times an event occurs to the total number of trials or observations.

Subjective

Rooted in or swayed by one's own emotions, preferences, or views.

Equity Loan

A type of loan in which the borrower uses the equity of their property as collateral.