All of the following statements regarding management accounting's role in assigning decision-making authority are true except:
A)Since management accounting information is used for decision-making purposes,historical information is unnecessary.
B)Information from the management accounting system supports decision-making.
C)The syllabus for a college course is a type of report that outlines students' decision-making responsibilities.
D)All members of an organization have some decision-making ability.

Question

Quizplus · Accepted Answer

This statement is not entirely true. Historical information is important for management accounting because it helps managers understand patterns and trends in the organization's operations, which can inform future decision-making. Therefore, the statement that historical information is unnecessary is false.

All of the Following Statements Regarding Management Accounting's Role in Assigning