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:

Lone “Geniuses”

Individuals often mythologized for their solitary achievements in innovation or creativity, overlooking collaborative contributions.

“New” Ideas

Innovative or original thoughts that have not been previously considered or explored.

Constructive Questions

Inquiries designed to stimulate thinking, encourage open communication, and promote problem-solving.

Evidence-Based Management Model

A decision-making process that relies on critically evaluating and applying the most current and relevant data and research to managerial decisions.