Management Accounting Can Be Broadly Defined as the Area of Accounting

question 62

Multiple Choice

Management accounting can be broadly defined as the area of accounting that communicates financial information

• A) to investors only.
• B) to parties internal to the business enterprise only.
• C) to parties both internal and external to the business enterprise.
• D) primarily to external users and Canada Revenue Agency.

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Definitions:

Formal Deviance

Behaviors that violate formal written laws, rules, or expectations, resulting in possible legal penalties or sanctions.

Crime

The act of violating a law for which a governing authority has set a penalty.

Stigmatizing

The act of making someone feel ashamed or disgraced, often by public disapproval or condemnation.

Social Status

refers to the relative rank or position that an individual holds within a social hierarchy, which can be determined by factors such as wealth, occupation, or family lineage.