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