The Principal Difference Between Management Accounting and Financial Accounting Is

question 20

Multiple Choice

The principal difference between management accounting and financial accounting is that financial accounting information is:

• A)Prepared by managers.
• B)Intended primarily for use by decision makers outside the business organization.
• C)Prepared in accordance with a set of accounting principles developed by the Institute of Certified Management Accountants.
• D)Oriented toward measuring solvency rather than profitability.

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Definitions:

Motor Neurons

Nerve cells that transmit signals from the brain or spinal cord to muscles or glands, causing them to contract or secrete.

Reflexes

Automatic, involuntary responses to specific stimuli that are designed to protect the body and maintain homeostasis.

Blood Pressure

The force that circulating blood exerts against the walls of the arteries as the heart pumps.

Painful Stimuli

External or internal factors that cause the sensation of pain, triggering a response from the nervous system.