Which of the Following Is Not a Characteristic of Managerial

question 83

Multiple Choice

Which of the following is not a characteristic of managerial accounting?

• A)Reports are used primarily by insiders rather than by persons outside of the business entity.
• B)Its purpose is to assist managers in planning and controlling business operations.
• C)Information must be developed in conformity with generally accepted accounting principles or with income tax regulations.
• D)Information may be tailored to assist in specific managerial decisions.

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Definitions:

Collective Bargaining

The process where employers and unions negotiate conditions of employment such as wages, hours, and working conditions.

Craft Unions

Labor unions composed of workers who engage in a particular trade or have a particular skill.

Industrial Unions

Labor organizations that represent all workers, skilled and unskilled, employed in a specific industry.

Particular Skills

Unique or specialized abilities that an individual possesses, making them proficient in specific tasks or professions.