MULTIPLE CHOICE Instructions: Circle the best answer for each of the following questions. 1. Which of the following is not a characteristic of managerial accounting reports? a. both objective and subjective b. required to be prepared according to generally accepted accounting principles (GAAP) c. prepared at fixed intervals, or as needed d. reported to company as a whole or segment 2. A characteristic of managerial accounting is: a. strict adherence to GAAP b. a focus on external decision maker needs c. a focus on management decision needs d. all of the above 3. Which of the following would be considered a staff department of a manufacturing company? a. Accounting Department b. Assembly Department c. Sales Department d. Fabrication Department 4. Which phase of the management process is inherent to all the others? a. planning b. directing c. controlling d. decision making A Annales All Diahia Deanad A t ha anna nanin Arduinirated or nosted in a nuhlicly arrassihle website In whole nr in nart