Flexibility of Practice When Applied to Managerial Accounting Means That

question 148

Multiple Choice

Flexibility of practice when applied to managerial accounting means that:

• A)The information must be presented in electronic format so that it is easily changed.
• B)Managers must be willing to accept the information as the accountants present it to them,rather than in the format they ask for.
• C)Managerial accountants must be on call twenty-four hours a day.
• D)Managerial accounting systems differ across companies depending on the nature of the business and the arrangement of its internal operations.
• E)Managers must be flexible with information provided in varying forms and using inconsistent measures.

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Definitions:

Translation

The process by which ribosomes synthesize proteins using the mRNA transcript as a template.

DNA Template

the strand of DNA that specifies the nucleotide sequence of a newly synthesized strand during replication or transcription.

Genetic Information

The data encoded in an organism's DNA, including genes that determine physical and some behavioral traits.

Eukaryotes

Organisms whose cells contain a nucleus and other organelles enclosed within membranes.