Management Accounting Reports Are Prepared

question 61

Multiple Choice

Management accounting reports are prepared:

• A)based on GAAP and IASB accounting standards
• B)to provide information for a wide range of stakeholders
• C)to provide up to date information to managers for decision making
• D)based only on historical figures

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Definitions:

Level Of Needs

Refers to the hierarchy of human needs ranging from basic physiological ones to self-fulfillment, as per Abraham Maslow's theory.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, often considered as the highest need in Maslow's hierarchy of needs.

Maslow Hierarchy

A psychological theory proposed by Abraham Maslow that categorizes human needs into a five-tier model, from basic physiological needs to self-actualization.

Self-Actualization Needs

The highest level in Maslow's hierarchy of needs, pertaining to the realization of an individual's potential, self-fulfillment, and personal growth.