Flexibility of Practice When Applied to Managerial Accounting Means That

question 52

Multiple Choice

Flexibility of practice when applied to managerial accounting means that:

• A) Managerial accounting system differ across companies depending on the nature of the business and the arrangement of its internal operations.
• B) Managers must be flexible with information provided in varying forms and using inconsistent measures.
• C) The information must be presented in electronic format so that it is easily changed.
• D) Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for.
• E) The managerial accountants need to be on call twenty-four hours a day.

---

Definitions:

Self-Contradiction

Self-contradiction is a logical inconsistency whereby a statement contradicts itself directly or indirectly, rendering it logically impossible.

Main Component

The primary or most important part of a system.

Conjunct

An element of a conjunction in logic, where each conjunct must be true for the whole conjunction to be true.

Conjunction

In grammar, a word used to connect clauses or sentences or to coordinate words in the same clause. In logic, a compound statement formed with the word "and" to connect two statements, both of which must be true for the whole conjunction to be true.