Management Accounting Is the Branch of Accounting Concerned with Reporting

question 5

Multiple Choice

Management accounting is the branch of accounting concerned with reporting to

• A)internal managers.
• B)shareholders.
• C)the government.
• D)bankers.

---

Definitions:

Assignment of Duties

The process of allocating responsibilities and tasks to individuals or groups in an organization.

Breach of Contract

The failure or refusal of a party to fulfill its obligations as outlined in a mutually agreed-upon legal document.

Assignment Form

A legal document used to transfer rights or interests from one party to another.

Privity of Contract

The principle that a contract is a private agreement between the contracting parties only, and as such, only these parties have rights and obligations under the contract.