Managerial Accounting Is an Area of Accounting That Provides Internal

question 201

True/False

Managerial accounting is an area of accounting that provides internal reports to assistthe decision-making needs of internal users.

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Definitions:

Manifest Function

Consequences of behavior that are intended and overt (such as going to a funeral to pay respects to the deceased person).

Latent Function

Latent functions are consequences that contribute to adjustment but were not intended. For example, a latent function of attending a funeral is that it becomes a family reunion. Latent functions are the sociological explanations of a given action.

Structural-Functional Explanation

A theoretical perspective in sociology and anthropology that sees society as a complex system whose parts work together to promote solidarity and stability.

Cremains

That which is left after cremation.