All of the Following Are Characteristics of Management Accounting,except

question 52

Multiple Choice

All of the following are characteristics of management accounting,except:

• 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:

Deviance

Refers to behaviors or actions that violate social norms, values, or expectations within a society.

Conflict Theorists

Scholars who view social, economic, and political inequalities as the root causes of societal conflicts and destabilization.

Economic Resources

Assets, natural resources, human resources, and capital that can be used for producing goods and services.

Uniform Crime Report

An official measure of crime in the United States, produced by the FBI’s official tabulation of every crime reported by more than 18,000 law enforcement agencies.