Which of the Following Is True of Cost Accounting

question 1

Multiple Choice

Which of the following is true of cost accounting?

• A) It is a subset of management accounting and therefore its information is used only to meet the needs of managers.
• B) It is used only by manufacturers.
• C) It is part of both management and financial accounting systems.
• D) The distinction between management accounting and cost accounting is clear-cut.

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Definitions:

Chronological Age

The actual age of a person or object defined in years from the date of birth.

Uncomfortable Silences

Moments of silence in conversation or interaction that create a feeling of discomfort or awkwardness among participants.

High Pitch

A sound frequency that is high, often described as shrill or squeaky, perceived differently depending on the listener's hearing ability.

Independence

The state or condition of being self-sufficient and not relying on others for support or assistance.