A Managerial Accounting Report That Presents Predicted Amounts of the Company's

question 115

Multiple Choice

A managerial accounting report that presents predicted amounts of the company's revenues and expenses for the budget period is called a:

• A)Budgeted income statement.
• B)Budgeted balance sheet.
• C)Master plan.
• D)Rolling income statement.
• E)Continuous profit statement.

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Definitions:

Power, Legitimacy, Urgency

A model used to prioritize stakeholders based on their possession of power, legitimacy in their relationship with the organization, and the urgency of their claims.

Discretionary Stakeholders

Stakeholders who do not have a direct stake in the business or project but may be affected or can influence it voluntarily.

Legitimacy

The perception or recognition by stakeholders that actions, decisions, or leadership are appropriate, proper, and justified within a socially constructed system of norms, values, beliefs, and definitions.

Dependent Stakeholders

Individuals or groups who rely on a business's success or failure for their own benefit but don't have direct control over its operations.