Managerial Accounting Includes the Planning Function

question 23

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 to expected results
• B) choosing goals and deciding how to achieve them
• C) monitoring operations to keep the company on track
• D) monitoring and evaluating the results of operations

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Definitions:

Effective Communication

The successful conveyance and exchange of ideas, thoughts, or feelings, ensuring clarity, understanding, and achieving the desired outcome.

Married Couple

Two individuals legally united in marriage, who share a personal and intimate relationship.

Pregnant

The state of carrying one or more embryos or fetuses in the womb, marked by various physiological and hormonal changes.

Norms

Accepted standards of behavior within a group or society.