One goal of managerial accounting is to: A) Help investors decide whether they s

Question

One goal of managerial accounting is to:

A) Help investors decide whether they should invest in the company.
B) Help creditors decide whether they should loan money to the company.
C) Help the IRS decide whether they should put a lien against company assets.
D) Help the controller put together an operating budget for the company

The Sarbanes-Oxley Act requires that companies provide relevant managerial accounting information to decision-makers.
A) TRUE
B) FALSE

Managers should consider ethical aspects of their decisions because:

A) They may get a poor performance report.
B) Good ethics leads to higher stock price.
C) They may be convicted and sentenced.
D) They are all trained to do so.

Explanation / Answer

D) Help the controller put together an operating budget for the company A) TRUE C) They may be convicted and sentenced.

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