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:

Trainees Assistance

Support services or resources provided to individuals participating in training programs to aid their learning and successful completion of the training.

Relapse Prevention

A strategy aimed at identifying and preventing factors that might lead to the return of undesirable behaviors after they have been changed.

Coping Strategies

Techniques that people use to handle, process, and deal with stressful situations or emotions.

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes to achieve it.