Which of the Following Statements Does Not Describe a Characteristic

question 56

Multiple Choice

Which of the following statements does not describe a characteristic of management accounting?

• A)Management accounting must conform to GAAP.
• B)Approximate amounts rather than accurate amounts or refined estimates are often used in management accounting.
• C)Management accounting places a great deal of emphasis on the future.
• D)Management accounting is more concerned with units of the organization rather than with the organization as a whole.

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Definitions:

Incentives

Motivators or rewards designed to encourage specific actions or behaviors by individuals or organizations.

Alternatives

Different options or choices available in a given situation, offering different pathways to achieve an objective.

Subsidized

Financial support provided by a government or organization to reduce the cost of producing goods or services.

Natural Resources

Resources that occur naturally within environments and are not created by human effort, including water, minerals, and forests.