Which of the following is an objective of managerial accounting?
A) to generate a company's financial statements for tax reporting
B) to provide information to business managers to assist them in controlling their business
C) to provide information to shareholders to assist them with their investment decisions
D) to ensure that the reports produced for internal and external business purposes are GAAP compliant
B
You might also like to view...
The Federal Trade Commission (FTC) has the power to order firms to prepare and disseminate corrective advertising
Indicate whether the statement is true or false
Caterpillar needed to know what truck fleets should test their two new engines; how they could get a marketing strategy that could be measured; and how to adjust for the coming downturn in sales
To answer these questions, they gave their salesforce laptops and paid them to enter customer information related to each sale they made. Caterpillar analyzed the newly acquired customer data and developed strategies to address their marketing questions. Caterpillar utilized ________. A) secondary marketing B) external marketing C) database marketing D) internal marketing
Using the step method of allocating service department costs, the costs are allocated to:
A. service departments only. B. both service departments and operating departments. C. neither service departments nor operating departments. D. operating departments only.
In an assignment or delegation, the third parties' rights or duties arise after the contract is made
a. True b. False Indicate whether the statement is true or false