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:

Codon

In an mRNA, a nucleotide base triplet that codes for an amino acid or stop signal during translation.

Nucleotide Bases

Organic molecules that serve as the building blocks of nucleic acids like DNA and RNA, consisting of adenine, thymine, cytosine, guanine, and uracil in RNA.

Methionine

Methionine is an essential amino acid used in the biosynthesis of proteins, important for the body's metabolism and cannot be synthesized by the human body.

Amino Acid

Small organic compound that consists of a carboxyl group, an amine group, and a characteristic side group (R), all typically bonded to the same carbon atom; monomer of proteins.