Which of the Following Is a Characteristic of Management Accounting

question 115

Multiple Choice

Which of the following is a characteristic of management accounting?

• A) It must follow generally accepted accounting principles.
• B) It is used primarily by internal users.
• C) It is concerned primarily with reporting past performance.
• D) It uses historical costs as the sole measurement unit.

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Definitions:

Cold Canvassing

A direct sales technique that involves approaching potential customers without prior contact or lead, often through door-to-door visits or telephone calls.

Direct-Mail Prospecting

The process of sending promotional materials or correspondence through postal mail to potential customers as a method of generating leads.

Automotive Trade Show

An industry-specific event that brings together members of the automotive sector to showcase and discuss the latest vehicles, parts, and technologies.

Lead Cards

Physical or digital records used by sales professionals to track potential customers or clients, including contact information and relevant notes.