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:

Émile Durkheim

A foundational French sociologist known for his extensive work on social solidarity, the division of labor, and the role of religion in society, among other contributions.

Strain Theory

A sociological theory that suggests individuals may engage in deviant behavior when they experience a discrepancy between societal goals and the means available to achieve those goals.

Full Scholarship

A type of financial aid that covers the entire cost of a student's education, including tuition, room, and board, and sometimes additional expenses.

University Class

A group of students who meet regularly to study a subject under the guidance of a teacher or professor at a university.