Accounting information serves a management function when it is used by:
A)executives to make a business decision.
B)government officials to regulate the business and its financial records.
C)labor unions to negotiate contracts with the business.
D)investors to vote on company policies.

Question

Quizplus · Accepted Answer

Accounting information is primarily used by management to make business decisions. While government officials may also use this information for regulatory purposes, labor unions for contract negotiations, and investors for voting on policies, the primary function of accounting information is to inform management decisions.

Accounting Information Serves a Management Function When It Is Used