Flexibility of Practice When Applied to Managerial Accounting Means That

question 150

Multiple Choice

Flexibility of practice when applied to managerial accounting means that:

• A) The information must be presented in electronic format so that it is easily changed.
• B) Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for.
• C) The managerial accountants need to be on call 24 hours a day.
• D) The design of a company's managerial accounting system largely depends on the nature of the business and the arrangement of the internal operations of the company.
• E) Managers must be flexible with information provided in varying forms and using inconsistent measures.

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Definitions:

Psychokinesis

The purported ability to move or manipulate objects with the mind without physical interaction, considered a paranormal phenomenon.

Volley Principle

A theory in auditory processing stating that groups of auditory nerve fibers fire neural impulses in rapid succession, allowing for the perception of sounds higher than 1000 Hz.

Sensory Interaction

The way that different senses like sight, hearing, and smell may affect each other and lead to a new perception.

Kinesthesia

The sense that detects bodily position, weight, or movement of the muscles, tendons, and joints.