Which of the Following Is an Objective of Managerial Accounting

question 197

Multiple Choice

Which of the following is an objective of managerial accounting?

• A) to generate a company's financial statements for tax reporting
• B) to provide information to business managers to assist them in controlling their business
• C) to provide information to shareholders to assist them with their investment decisions
• D) to ensure that the reports produced for internal and external business purposes are GAAP compliant

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Definitions:

Emotional Intelligence

The ability to understand, use, and manage one's own emotions in positive ways to relieve stress, communicate effectively, emphathize with others, overcome challenges, and defuse conflict.

Goal Congruence

The alignment of objectives between individuals, teams, or departments, and the overall goals of an organization.

Special Endorsement

A form of endorsement on a negotiable instrument, such as a check, whereby the endorser specifies the party to whom the instrument is to be payable.

Named Endorsee

An individual or entity specifically named in a negotiable instrument, such as a check, as the party to whom the instrument is endorsed or assigned.