Which of the following is a focus 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 businesses
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) to provide information to business managers to assist them in controlling their businesses
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What term is used to describe attitudes and behaviors that often affect the distribution of resources and privileges in society that are based on group membership rather than on employment-related characteristics?
a. Characterization b. Stigmatization c. Pollyanna d. Oppression
Elmer wrote a letter to his friend Fred offering to sell Fred an 80-acre farm for $200,000 . After mailing the letter, Elmer learns that the farm is actually worth $300,000 and changes his mind about selling. In this case, Elmer:
a. has made a firm offer to Fred which cannot be revoked. b. can revoke his offer at any time before Fred accepts it, because there is no consideration to keep it open. c. must keep the offer open, because this is an option contract. d. cannot, because of promissory estoppel, revoke his offer to Fred.
Mary Flowers, the founder of MedTran, an offsite transcription service, asks transcribers to discuss their potential problems at weekly staff meetings. ________ is the process that a learning organization uses to share information among its people.
A. Information distribution B. Information interpretation C. Knowledge integration D. Information acquisition E. Organizational memory
_____ are predefined actions that the project team will take if an identified risk event occurs
a. Secondary risks b. Workarounds c. Contingency plans d. Management reserves