The Primary Objective of Management Accounting Is

question 6

Multiple Choice

The primary objective of management accounting is

• A)to provide shareholders and potential investors with useful information for decision making.
• B)to provide banks and other creditors with information useful in making credit decisions.
• C)to provide management with information useful for planning and control of operations.
• D)to provide the relevant taxation authorities with information about taxable income.

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Definitions:

Shared Vision

A common understanding and agreement on future goals and directions among members of a team or organization, fostering unity and collaboration.

Inspirational Motivation

A leadership approach that focuses on motivating followers by setting a clear vision and communicating it in a way that inspires them.

High Expectations

A principle that involves anticipating a high level of performance or outcome, often motivating improved results.

Communicate

The process of sharing information, ideas, or feelings between entities using mutually understood signs, symbols, or language.