In Management Accounting, Students Learn to Prepare Budgets, Calculate Cost

question 36

Multiple Choice

In management accounting, students learn to prepare budgets, calculate cost variances and interpret those variances.Which of the following best links those topics with AIS study?

• A)Use of professional judgment
• B)Journal entry preparation
• C)Both use of professional judgment and journal entry preparation
• D)Neither use of professional judgment nor journal entry preparation

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Definitions:

Explanation Property

A feature or aspect of an object or system that provides clarification, definition, or insight into its nature or behavior.

Validation Rule

A set of criteria that data must meet before being accepted into a database field, ensuring data integrity and accuracy.

Multivalued Field

A type of database field that can hold multiple values within a single record, contrasting with conventional fields that hold a single value.

Allow Multiple Values

A database feature enabling a single field to hold more than one value per record.