Which of the Following Is an Objective of Managerial Accounting

question 197

Multiple Choice

Which of the following is an objective of managerial accounting?

• A) to generate a company's financial statements for tax reporting
• B) to provide information to business managers to assist them in controlling their business
• C) to provide information to shareholders to assist them with their investment decisions
• D) to ensure that the reports produced for internal and external business purposes are GAAP compliant

---

Definitions:

National Spending

The total expenditure incurred by a government, covering sectors such as defense, healthcare, education, and infrastructure within a specified fiscal period.

Luxury Goods

High-quality, often expensive, items not necessary for survival but considered desirable within a culture or society, often used as a status symbol.

Generation X

The generation of people born approximately between the early 1960s and late 1970s, known for its bridging role between the Baby Boomers and Millennials.

Generation Y

Also known as Millennials, this demographic cohort follows Generation X and is generally considered to include individuals born from the early 1980s to the mid-1990s to early 2000s.