A characteristic of the Management Reporting System (MRS) is
A) the MRS operates in conformity with generally accepted accounting principles
B) it is a legal requirement that the MRS be installed and functioning properly
C) the MRS is developed by implementing SEC requirements
D) the MRS focuses on internal decision-making information

Question

Quizplus · Accepted Answer

The MRS is primarily designed and utilized for providing internal decision-making information for management to use in strategic planning, analysis, and implementation. It is not required by law, nor is it developed based on SEC requirements or conformity with generally accepted accounting principles.

A Characteristic of the Management Reporting System (MRS) Is