Which of the Following Is a Characteristic of Management Accounting

question 115

Multiple Choice

Which of the following is a characteristic of management accounting?

• A) It must follow generally accepted accounting principles.
• B) It is used primarily by internal users.
• C) It is concerned primarily with reporting past performance.
• D) It uses historical costs as the sole measurement unit.

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Definitions:

Teams

Groups of people with complementary skills who are committed to a common purpose, performance goals, and approach for which they hold themselves mutually accountable.

Political Skill

The ability to understand others at work and to use such knowledge to influence others to act in ways that enhance personal and/or organizational objectives.

Cohesive

refers to the quality of being united or forming a whole, especially in the context of group dynamics where members share a sense of togetherness and common purpose.

Performance

The act of carrying out a task or function, measured by the efficiency and outcome of the activity.