Which of the following choice of rows correctly depicts whether McDonald's, the University of British Columbia and The Gap would have a need for managerial accounting? $\begin{array} { | l | c | c | c | }
\hline \text { Row } & \underline { \text { McDonald's } } & \frac { \text { University of British } } { \text { Columbia } } & \text { The Gap } \
\hline 1 & \text { Yes } & \text { Yes } & \text { No } \
\hline 2 & \text { Yes } & \text { No } & \text { Yes } \
\hline 3 & \text { Yes } & \text { Yes } & \text { Yes } \
\hline 4 & \text { No } & \text { Yes } & \text { No } \
\hline 5 & \text { No } & \text { Yes } & \text { Yes } \
\hline
\end{array}$

Question

Which of the following choice of rows correctly depicts whether McDonald's, the University of British Columbia and The Gap would have a need for managerial accounting? $\begin{array} { | l | c | c | c | } 
\hline \text { Row } & \underline { \text { McDonald's } } & \frac { \text { University of British } } { \text { Columbia } } & \text { The Gap } \
\hline 1 & \text { Yes } & \text { Yes } & \text { No } \
\hline 2 & \text { Yes } & \text { No } & \text { Yes } \
\hline 3 & \text { Yes } & \text { Yes } & \text { Yes } \
\hline 4 & \text { No } & \text { Yes } & \text { No } \
\hline 5 & \text { No } & \text { Yes } & \text { Yes } \
\hline
\end{array}$

Quizplus · Accepted Answer

Managerial accounting is the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of an organization's goals. All the listed organizations are profit-making entities that require managerial accounting to identify their financial performances and improve them by controlling cost, increasing their operational efficiency, and improving their revenue. Therefore, only Row 3 depicts that all the organizations would require managerial accounting to improve their business performance.

Which of the Following Choice of Rows Correctly Depicts Whether