Managerial Accounting Information

question 151

Multiple Choice

Managerial accounting information:

• A) Is used mainly by external users.
• B) Involves gathering information about costs for planning and control decisions.
• C) Is generally the only accounting information available to managers.
• D) Can be used for control purposes but not for planning purposes.
• E) Has little to do with controlling costs.

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Definitions:

Assembly Line

A manufacturing process in which parts are added in a sequential manner to create a finished product efficiently.

Conveyor Belt

A continuous, moving belt that transports materials or objects from one place to another in a short distance, commonly seen in factories and airports.

On-Line Funny Animal Videos

Video content available on the internet featuring amusing activities or behaviors of animals.

Employee-At-Will

A contractual relationship in which an employee can be dismissed by an employer for any reason not prohibited by law and without warning.