Which of the Following Statements Is True of Managerial Accounting

question 128

Multiple Choice

Which of the following statements is true of managerial accounting?

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

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Definitions:

Similar Quality

Denotes objects, services, or attributes that are comparable in standard or grade.

Secure Attachment

A strong and healthy emotional bond that develops between a child and their caregiver, characterized by trust and a sense of safety.

Consistency

The quality of achieving a level of performance or conducting oneself in a similarly predictable manner over time.

Sensitivity

The quality of being receptive or sensitive to external stimuli or the feelings of others.