A characteristic of the management reporting system (MRS)is
A)that it operates in conformity with generally accepted accounting principles
B)it is a legal requirement that the MRS be installed and functioning properly
C)that it implements SEC requirements
D)that it focuses on internal decision-making information

Question

Quizplus · Accepted Answer

The characteristic of a management reporting system is that it focuses on providing internal decision-making information to management. It is not necessarily required by law or designed to conform to accounting principles or SEC regulations.

A Characteristic of the Management Reporting System (MRS)is