Which of the Following Statements Are More Descriptive of Managerial

question 70

Multiple Choice

Which of the following statements are more descriptive of managerial accounting than of financial accounting?

• A)Emphasis is on historical data.
• B)Information is more widely distributed.
• C)Recognized standards for presentation.
• D)Information is tailored to the needs of individual decision makers.

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Definitions:

Correlational

Pertaining to a statistical relationship between two or more variables, indicating how one may predict or relate to another.

Causal

Relating to or acting as a cause for something, indicating a relationship where one event or action leads to the occurrence of another.

Experimental

Relating to a method of inquiry in sciences that involves controlled testing of hypotheses to establish cause-and-effect relationships.

Observational

Relating to the method of gaining knowledge by watching and analyzing without direct involvement or interference.