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Questions and Answers
Which type of organization uses basic resources (inputs)?
Which type of organization uses basic resources (inputs)?
- Decision makers
- Accounting firms
- Managers
- Service providers (correct)
What do decision makers need accounting information for?
What do decision makers need accounting information for?
- To provide quantitative information
- To help in their decision making (correct)
- To abide the implementation of regulations
- To outline information into reports
Which branch of accounting offers accounting and related services to its clients?
Which branch of accounting offers accounting and related services to its clients?
- Financial accounting
- Cost accounting
- Management accounting (correct)
- Tax accounting
What is commonly misinterpreted and understood as just the reports?
What is commonly misinterpreted and understood as just the reports?
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Which type of business provides services rather than producing goods?
Which type of business provides services rather than producing goods?
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