Which of the Following Is a Characteristic of Managerial Accounting

question 41

Multiple Choice

Which of the following is a characteristic of managerial accounting?

• A) It is used primarily by external users.
• B) It often lacks flexibility.
• C) It is often future-oriented.
• D) The information it provides is extremely precise.

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Definitions:

Schema-relevant Information

Information that activates or is related to an existing cognitive schema, which is a mental structure that represents some aspect of the world.

Self-understanding

An individual's awareness and insight into their own character, feelings, motives, and desires.

Life Events Recall

The process of remembering and interpreting significant experiences from one’s life, often used in psychological assessments and therapy.

Self-schema

Cognitive structures that represent one's beliefs and feelings about oneself in various contexts and guide processing of self-related information.