Management Accounting Information Is More Subjective Than Financial Accounting Information

question 32

True/False

Management accounting information is more subjective than financial accounting information.

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Definitions:

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.

Subjectiveness

The quality of being based on or influenced by personal feelings, tastes, or opinions rather than external facts.

Ethics

A branch of philosophy dealing with the principles of morality, defining what is good for individuals and society, and distinguishing right from wrong.

Opportunistic Theft

A crime motivated by the chance to steal without premeditation, due to the immediate availability of unguarded property.