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NEW QUESTION: 1
Which of the following is true regarding the comparison of managerial to financial accounting?
A. The emphasis on managerial accounting is relevance and the emphasis on financial accounting is
timeliness.
B. Managerial accounting need not follow generally accepted accounting principles (GAAP) while
financial accounting must follow them.
C. Managerial accounting has a past focus and financial accounting has a future focus.
D. Managerial accounting is generally more precise.
Answer: B
Explanation:
Choice "d" is correct. Public companies must follow GAAP for (external) financial reporting purposes.
GAAP need not be followed for (internal) managerial accounting purposes.
Choice "a" is incorrect. Financial accounting is generally more precise.
Choice "b" is incorrect. Managerial accounting has a future focus, while financial accounting focuses on
reporting past results.
Choice "c" is incorrect. The emphasis of financial accounting is providing useful information to financial
statement users (including the characteristic of relevance), while the emphasis of managerial accounting
is providing timely information to management decision makers.
NEW QUESTION: 2
A storage administrator must provision storage to Windows and Linux hosts using the same ports. Which action should be performed?
A. Register Windows and Linux hosts into the same Host Group.
B. Register Windows and Linux hosts into different Host Groups.
C. Enter host names so WWNs will be automatically populated.
D. Set a LU path for hosts that are not registered in Host Groups.
Answer: B
NEW QUESTION: 3
In which format does PRPC execute a Decision Table rule? (Choose One)
A. A class file stored in the BLOB
B. A serialized java object stored in the BLOB
C. XML version in the BLOB
D. A java code compiled from the XML in the rule BLOB
Answer: D