Answered: One of the basic purposes of managerial…

Business

Accounting

One of the basic purposes of managerial accounting is to provide information to various management levels in order to:

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 6MC: Managerial accounting produces information: to meet the needs of external users that is often...

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Question

One of the basic purposes of managerial accounting is to provide information to various management levels in order to:

A. evaluate the accounting records and procedures of the business

B. determine the business’ competitive position

C. improve the business’s products and services

D. be better equipped for the management and control functions

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