Which of the Following Is Most Associated with Managerial Accounting

question 118

Multiple Choice

Which of the following is most associated with managerial accounting?

• A) must follow GAAP
• B) may rely on estimates and forecasts
• C) is prepared for users outside the organization
• D) always reports on the entire entity

Perform arithmetic operations with the purpose of budgeting and financial planning.

Understand and perform basic mathematical calculations.

Calculate the earnings given hourly rates and hours worked.

Perform multiplication and addition with decimals to solve real-world problems.

---

Definitions:

Job Sharing

An employment arrangement where two or more individuals share the responsibilities, tasks, and hours of a single full-time job, promoting work-life balance and flexibility.

Part-Timers

Employees who work fewer hours than the full-time work schedule, often offering flexibility and reduced workload.

Sabbaticals

Periods of paid or unpaid leave granted to employees, often academics, to study, travel, or rest.

Teresa Amabile

An American psychologist and professor who researches creativity, innovation, and how they are influenced by social and environmental factors.