Which of the Following Is True of Managerial Accounting

question 44

Multiple Choice

Which of the following is true of Managerial Accounting?

• A)Complies with Securities and Exchange Commission rules and regulations.
• B)Uses cost-benefit analysis to determine the amount of detail presented.
• C)Prepares general-purpose reports for people outside an organization.
• D)Presents summary historical data in compliance with generally accepted accounting principles.

---

Definitions:

Pulmonary Congestion

Accumulation of fluid in the lungs, often leading to difficulty breathing and other respiratory symptoms.

Tetralogy of Fallot

A congenital heart defect that involves four anatomical abnormalities of the heart.

Ventricular Septal Defect

A congenital heart defect characterized by an opening in the septum separating the heart's two lower chambers, allowing blood to pass from the left to the right ventricle.

Pulmonic Stenosis

A congenital heart defect characterized by the narrowing of the pulmonary valve, impeding blood flow from the right ventricle to the pulmonary artery.