Which of the Following Is an Objective of Management Accounting

question 173

Multiple Choice

Which of the following is an objective of management accounting?

• A)to generate financial statements of a company for tax reporting
• B)to provide information to business managers to assist them in controlling their business
• C)to provide information to shareholders to assist them with their investment decisions
• D)to ensure that the reports produced for internal and external business purposes are GAAP compliant

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Definitions:

Exposure Therapy

A psychological treatment that helps individuals confront their fears by gradual, controlled exposure to the feared object or context without any danger.

Classical Conditioning

The process of learning through the repeated pairing of two stimuli, leading to a situation where a response originally produced by the latter stimulus is later evoked by the former stimulus alone.

Cognitive-behavioral

A healing strategy targeting maladaptive emotions, conduct, and beliefs via a purposeful, structured approach.

Psychodynamic

An outlook in psychology that prioritizes exploring the mental dynamics that drive human behavior, emotions, and sentiments, linking them to experiences from one’s early years.