All of the Following Are Characteristics of Management Accounting, Except

question 104

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 management decisions.

---

Definitions:

Administrative Procedure Manual

An Administrative Procedure Manual is a document outlining the policies, procedures, and guidelines for an organization's operations, serving as a reference for employees to ensure standard practices.

Telephone Procedures

Established protocols or guidelines for effectively handling and managing phone calls in various contexts.

Specimens

Samples of tissue, blood, or other materials taken for examination or analysis to diagnose or understand medical conditions.

Chain Of Command

A command hierarchy where a group of people are committed to carrying out orders from the highest authority.