Which statement is FALSE concerning “management by the numbers” for control of t

Question

Which statement is FALSE concerning “management by the numbers” for control of the organization?

a. “Management by the numbers” for control purposes means top management doesn’t get involved in the day-to-day details.
b. “Management by the numbers” must meet formal GAAP standards for auditing and taxation.
c. Management relies on the summary variances to tell them if the company is under control and target profits are being achieved.
d. Management uses the numbers in the accounting reports, to make management decisions.
e. I believe all of the above are correct.

Explanation / Answer

Which statement is FALSE concerning “management by the numbers” for control of the organization? d. Management uses the numbers in the accounting reports, to make management decisions.

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