Which of the Following Statements Is True of Management Accounting

question 35

Multiple Choice

Which of the following statements is true of management accounting?

• A)The primary users of management accounting are the external stakeholders of a company.
• B)Management accounting information is used to help managers plan and control their operations.
• C)Management accounting information requires an external audit by an independent CPA.
• D)Management accounting information must comply with Generally Accepted Accounting Principles.

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Definitions:

Acceptance

The act of receiving or taking something offered, or the process of embracing someone or something as adequate or suitable.

Genuineness

Authenticity in one's actions and feelings, often considered crucial in therapeutic settings for effective healing and connection.

Empathy

The capability to comprehend and empathize with someone else's emotions.

Humanistic Therapists

Practitioners of a psychological approach focusing on individual potential and stress personal growth and self-fulfillment.