Final answer:
The correct option is C). Managerial accounting information is best described as budgeted, informative, and adaptable. It focuses on internal use, providing company management with the data necessary for decision-making and planning.
Step-by-step explanation:
In comparing financial and managerial accounting, the description that more accurately describes managerial accounting information is 'budgeted, informative, adaptable'. Unlike financial accounting, which is historical and precise, the focus is often on past financial transactions and adherence to standard formats, managerial accounting is more about providing information that is useful for internal decision-making within a company. Managerial accounting reports are tailored to specific managerial needs and often include budget forecasts, variance analyses, and other reports that assist management in planning, controlling, and decision-making for the future. These reports can be changed or adapted as the needs of management or the business environment change.