Managerial Accounting Is Focused on Which of the Following Objectives

question 59

Multiple Choice

Managerial accounting is focused on which of the following objectives?

• A) Providing information that managers need to make operational decisions
• B) Providing historical data to investors and creditors
• C) Providing summarized results of operations
• D) Providing information to comply with laws and regulations of government bodies

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Definitions:

Weaknesses

Refers to the limitations or deficiencies that can hinder an entity's ability to achieve its objectives.

Relevant Information

Data or facts that can influence decision-making processes, typically because it is current, accurate, and directly relates to the matter at hand.

Completely Accurate

A term indicating that information is free from errors and precisely correct in every detail.

Future

A term referring to the time or a period that is yet to come, often used in the context of planning or forecasting.