All of the following entities would have a need for managerial accounting information except:
A) the state of Michigan.
B) an Internet provider
C) a retail clothing outlet
D) a bookkeeping service
E) None of these responses is correct, as all of these entities would use managerial accounting information.

Question

Quizplus · Accepted Answer

Managerial accounting information is used by organizations to aid in planning, controlling, and decision-making processes. The state of Michigan, an Internet provider, a retail clothing outlet, and a bookkeeping service would all use managerial accounting information for internal management purposes, such as budgeting, performance evaluation, and cost management. Therefore, none of these entities is an exception to the need for managerial accounting information.

All of the Following Entities Would Have a Need for Managerial