Which of the Following Statements Is True About Managerial Accounting

question 122

Multiple Choice

Which of the following statements is true about managerial accounting?

• A)Managerial accounting reports aid potential investors.
• B)Managerial accounting reports must follow GAAP.
• C)Managerial accounting reports are audited by CPAs.
• D)Managerial accounting reports provide detailed internal information.

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Definitions:

Uncertainty Avoidance

A cultural dimension that describes the extent to which people in a society are uncomfortable with ambiguity, risk, and uncertainty in their daily lives.

Hofstede's Dimensions

A framework for cross-cultural communication, which describes the effects of a society's culture on the values of its members, and how these values relate to behavior.

United States

A country in North America, consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Socialization

The process through which an organization communicates its values to new employees.