Managerial Accounting Includes the Planning Function

question 155

Multiple Choice

Managerial accounting includes the planning function.Which of the following items would be part of the planning function of a business's managerial accounting?

• A) comparing actual performance to previously budgeted amounts
• B) creating detailed budgets
• C) implementing operational plans
• D) evaluating results of operations

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Definitions:

High Self-esteem

is a positive valuation of oneself, reflecting confidence and satisfaction in one's abilities.

Humanistic Psychology

A psychological perspective that emphasizes personal growth, self-actualization, and the inherent goodness of people.

Self-concept

A person's perception and evaluation of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, values, and identity.

Personality

The collection of characteristics that shape a person's distinct nature.