All of the Following Are Characteristics of Management Accounting,except

question 52

Multiple Choice

All of the following are characteristics of management accounting,except:

• A)Reports are used primarily by insiders rather than by persons outside of the business entity.
• B)Its purpose is to assist managers in planning and controlling business operations.
• C)Information must be developed in conformity with generally accepted accounting principles or with income tax regulations.
• D)Information may be tailored to assist in specific managerial decisions.

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Definitions:

Social Emotions

Emotions that arise from interactions with others or from social situations, such as empathy, shame, or pride, and influence social behavior.

Internal

Relating to or situated within the inner part, happening or existing within an organization or entity.

External

Factors, influences, or conditions that exist outside an organization which can impact its operations and strategies.

Personal Predispositions

Innate tendencies, characteristics, or inclinations that influence an individual's behavior or attitudes.