The Primary Goal of Management Accounting Is To

question 44

Multiple Choice

The primary goal of management accounting is to:

• A) provide information that can be quantified in monetary terms.
• B) provide information that improves the quality of managers' decisions.
• C) provide information that conforms to the accounting regulations.
• D) provide information to shareholders.

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Definitions:

Herzberg's Two-Factor Theory

A theory of motivation proposing that job satisfaction and dissatisfaction arise from two different sets of factors: hygiene factors and motivators.

Adam Smith

Known as the father of modern economics, he was an 18th-century philosopher best known for his theories on free market economics and the invisible hand concept.

Self-Interest

What is in the best interest of and benefit to an individual.

Social Exchange

A concept describing how social stability and change occur through the process of transactions agreed upon by individuals or groups.