Incorrect Question 4 Which one of the following is not one of the components of an AIS used by companies to achieve their goals? O People O Internal controls and security measures O Procedures and instructions O internal and external reports O data Incorrect Question 5 Which one of the following statements about managerial reports and documents is false? O They can be used for external decision making by investors O They can be used for Internal decision making for control O They can support the day to day business operations They can be used for Internal decision making for planning

Incorrect Question 4 Which one of the following is not one of the components of an AIS used by companies to achieve their goals? O People O Internal controls and security measures O Procedures and instructions O internal and external reports O data Incorrect Question 5 Which one of the following statements about managerial reports and documents is false? O They can be used for external decision making by investors O They can be used for Internal decision making for control O They can support the day to day business operations They can be used for Internal decision making for planning

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Description: IncorrectQuestion 4Which one of the following is not one of the components of an AIS used bycompanies to achieve their goals?O PeopleO Internal controls and security measuresO Procedures and instructionsO internal and external reportsO dataIncorrect

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter1: Accounting As A Tool For Managers

Section: Chapter Questions

Problem 10MC: Which of the following statements is incorrect? The practice of management accounting is fairly...

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Concept explainers

Variance Analysis

In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.

Standard Costing

The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.

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