Which of the following is NOT a true statement about key management accounting guidelines?

ANSWERS

A. Budgets have a behavioral effect by motivating and rewarding employees for achieving an organizations goals.

B. Even if benefits and costs are not easy to quantify, a cost-benefit approach can still be useful to managers when making decisions.

C. Behavioral considerations and technical considerations are part of a cost-benefit approach.

D. A cost concept used for purposes of external reporting is most likely also appropriate for internal reporting.