Match each term with its correct definition.
-An accounting field that helps managers plan and control operations.
A)Organizational chart
B)Financial accounting
C)Line position
D)Managerial accounting
E)Planning
F)Directing
G)Controlling

Question

Quizplus · Accepted Answer

Managerial accounting helps managers plan and control operations.

Answer: B
 Financial accounting is the field that deals with the preparation of financial statements for external users.

Answer: C
 A line position is a position in the organizational hierarchy that is responsible for achieving the organization's goals.

Answer: D
 Managerial accounting helps managers plan and control operations.

Answer: E
 Planning is the process of setting goals and determining how to achieve them.

Answer: F
 Directing is the process of guiding and supervising employees to achieve organizational goals.

Answer: G
 Controlling is the process of monitoring and adjusting performance to ensure that organizational goals are being met.

Match Each Term with Its Correct Definition