Question

All of the following statements regarding management accounting's role in assigning decision-making authority are true except: Multiple Choice

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.

Answer 1

All statements are TRUE except Option "A"

Step-by-step explanation:

Accounting control history is used for policy-making objectives, and historical information is redundant.

• Managerial accounting is used for short-and long-term decision making that involve overall financial health. It helps businesses make administrative decisions–meaning to help increase the efficiency and productivity of the business–while also helping to make long-term investment decisions.

Therefore,all answers are correct except "A"