Management reports, compared to financial reports, are:
A)prepared less frequently.
B)prepared more frequently.
C)prepared with the same frequency.
D)prepared infrequently.

Question

Quizplus · Accepted Answer

Management reports are typically prepared more frequently than financial reports to provide timely information for decision-making. Financial reports are often prepared on a quarterly or annual basis, while management reports can be generated monthly, weekly, or even daily to monitor performance and operational activities.

Management Reports, Compared to Financial Reports, Are