All of the Following Correctly Describe Accounting Information Used for Managerial

question 114

Multiple Choice

All of the following correctly describe accounting information used for managerial purposes except:

• A)Most managerial decisions require more detailed data than external financial reports provide.
• B)Managers must use the same accounting data for their decision making,planning,and other managerial activities as they present in tax returns and financial statements.
• C)"One size fits all" does not apply to accounting information used for managerial accounting purposes.
• D)Many companies develop managerial accounting information systems independent of financial accounting information systems.

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Definitions:

Certain Stimuli

Specific environmental or internal triggers that evoke a physiological or psychological response.

Interplay

The way in which two or more things have an effect on each other.

Heredity

The passing on of physical or mental characteristics genetically from one generation to another.

Environment

The surrounding physical, social, and cultural conditions in which an organism or community lives and interacts.