Which of the Following Statements Regarding Management Accounting Information Is

question 48

Multiple Choice

Which of the following statements regarding management accounting information is false?

• A) The cost of providing the information must be considered in the light of the benefits received from the information.
• B) All information derived is necessary despite the cost.
• C) The information entails both costs and benefits.
• D) The cost of the information includes the time spent by the user to read, understand and use the information.

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Definitions:

Total Population

The entire number of people living in a particular area, region, or country.

Employed Number

Refers to the total number of individuals in a given country or region who are currently engaged in paid work.

Unemployment Rate Trend

The direction and pattern over time in the unemployment rate, indicating whether joblessness is increasing, decreasing, or remaining stable within an economy.

1980's

A decade known for significant economic, political, and cultural events and developments worldwide.