Accounting and Decision Making
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Questions and Answers

Which type of organization uses basic resources (inputs)?

  • Decision makers
  • Accounting firms
  • Managers
  • Service providers (correct)
  • 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?

  • Financial accounting
  • Cost accounting
  • Management accounting (correct)
  • Tax accounting
  • What is commonly misinterpreted and understood as just the reports?

    <p>Accounting information</p> Signup and view all the answers

    Which type of business provides services rather than producing goods?

    <p>Service business</p> Signup and view all the answers

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