Characteristics of Internal Accounting Information Include All of the Following

question 51

Multiple Choice

Characteristics of internal accounting information include all of the following except:

• A)It is audited by a CPA.
• B)It must be timely.
• C)It is oriented toward the future.
• D)It measures efficiency and effectiveness.

---

Definitions:

Poverty Rate

A measure that calculates the percentage of the population whose income falls below the poverty line, indicating the extent of poverty in a given area.

Female-Headed Households

Households led by women, which may experience different economic and social conditions compared to households headed by men.

Married Couples

Two individuals legally joined in matrimony, recognized legally, socially, or religiously, who typically share a close personal relationship.

Transitory Income

Income that is temporary or not expected to continue at the same level in the future, often affecting consumer behavior and economic decisions.