Which Statement Refers Best to Management Accounting Information

question 152

Multiple Choice

Which statement refers best to management accounting information?

• A)It primarily measures and records business transactions.
• B)The audience tends to be shareholders,creditors,and tax authorities.
• C)There are no regulations governing the reports.
• D)The reports are generally delayed and historical.

---

Definitions:

Primary group

A small, tightly-knit social group characterized by long-term, intimate, and face-to-face relationships, such as family or close friends.

Primary group

A small social group characterized by close, personal, and enduring relationships, such as those between family members and close friends.

Regular basis

A consistent, repeated interval at which activities or events occur, whether daily, weekly, monthly, or on a similarly predictable schedule.

Spending time

The allocation of one's duration towards various activities or tasks over a period.