Which of the Following Is the Primary Focus of Managerial

question 149

Multiple Choice

Which of the following is the primary focus of managerial accounting?

• A) providing information that managers need to make operational decisions
• B) providing historical data to investors and creditors
• C) providing summarized results of operations
• D) providing information to comply with laws and regulations of government bodies

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Definitions:

Agent

Someone authorized to act on behalf of another person or entity, often in business transactions or legal matters, with certain duties and powers.

Ratification

Ratification is the act of officially approving an agreement or contract, making it valid, or the process of confirming and accepting unauthorized actions by an agent on behalf of a principal.

Express Authority

The power given explicitly to an agent or representative by a principal, through verbal instructions or written documentation.

Implied Authority

Indicates the power or permission granted through actions or circumstances, not explicitly outlined in a contract or verbal agreement.