The Area of Accounting That Involves the Preparation of Internal

question 61

Multiple Choice

The area of accounting that involves the preparation of internal reports for a firm's executives and the analysis of the data in these reports to aid in decision making is known as

• A)managerial accounting.
• B)cost accounting.
• C)financial accounting.
• D)auditing.

---

Definitions:

Cultural Norms

Shared expectations and rules that guide behavior and beliefs within a specific culture or society.

Authentic

Genuine or true; not copied or false.

Public Diplomacy

The practice by which governments and private entities communicate and engage with foreign publics to influence their perception and behavior in favor of the communicator’s goals.

Political Objectives

are goals set by an organization or individuals that are aimed at influencing political environments or achieving specific political outcomes.