Financial accounting

Management accounting
C)Tax accounting
D)Cost accounting

_22. Which of the following is not a characteristic of management accounting information?

Timeliness is of importance

Decision-making authority is identified

Historically oriented

Measures efficiency and effectiveness

E) A means to an end, not an end in and of itself

_23. Which of the following provides the framework for determining what information is to be

included in financial statements and how that information is to be presented?

Generally accepted auditing standards

Generally accepted amortization standards

Accounting standards and practices

Securities and Exchange Commission

E) Generally accepted accounting principles

24. Which of the following provides information about the financial resources, obligations,

and activities of an economic entity that is intended for use primarily by external decision makers?

Financial accounting

Management accounting

Tax accounting

Cost accounting

_25. Costs that do not change when the activity base fluctuates are known as:

a. Variable costs

b. Discretionary costs

c. Fixed costs

d. Mixed costs