Which of the Following Is Most Associated with Managerial Accounting

question 118

Multiple Choice

Which of the following is most associated with managerial accounting?

• A) must follow GAAP
• B) may rely on estimates and forecasts
• C) is prepared for users outside the organization
• D) always reports on the entire entity

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Definitions:

Extranet

A private network that uses Internet protocols, network connectivity, and possibly the public telecommunication system to share a part of an organization's information or operations with suppliers, vendors, partners, customers, or other businesses.

Private Internet

A network established within an organization or between specific entities that uses internet protocols but is restricted to authorized users.

Authorized Users

Individuals or entities that have been granted permission to access specific resources, services, or information within a system or organization.

Supply Management Process

The systematic approach that ensures the effective and efficient procurement and use of the necessary resources to meet organizational needs.