Which of the Following Best Represents a Characteristic of Managerial

question 121

Multiple Choice

Which of the following best represents a characteristic of managerial accounting?

• A) Information is historically based and reported annually.
• B) Information is based on estimates and is bounded by relevance and timeliness.
• C) Information is regulated by the Securities and Exchange Commission.
• D) Information is characterized by reliability and objectivity.

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Definitions:

Discretionary Powers

The authority granted to an official or a body to act according to their own judgment and conscience in certain situations.

Informal Powers

Powers not explicitly stated in laws or regulations but exercised by individuals or institutions through influence, negotiation, or personal authority.

Regulated Industries

Sectors under the direct control and rules of governmental agencies to ensure safety, fairness, and compliance.

Probable Cause

A reasonable basis for believing that a crime may have been committed or that evidence of the crime is present in the place to be searched.