Which of the Following Best Represents a Characteristic of Managerial

question 121

Multiple Choice

Which of the following best represents a characteristic of managerial accounting?

• A) Information is historically based and reported annually.
• B) Information is based on estimates and is bounded by relevance and timeliness.
• C) Information is regulated by the Securities and Exchange Commission.
• D) Information is characterized by reliability and objectivity.

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Definitions:

Categories

In Aristotle's philosophy, a way of classifying the world that includes ten distinct types such as substance, quantity, quality, and relation.

Mental Representations

Internal cognitive symbols, structures, or maps of the world that individuals use to understand and interact with their environment.

Subordinate-level

A specific, detailed level within a categorization hierarchy, often denoting a particular member of a larger group.

Basic-level

Refers to the most natural and preferred categorical level at which people classify and label objects, which balances specificity and generalization.