Answer:
c. Providing special-purpose information and reports
Explanation:
Managerial or management accounting unlike financial accounting which focuses on historical data involves the review of management's forecast or budget with the actual results obtained.
It is used by management for internal decision making unlike financial accounting which follows a defined framework that is useful for both internal and external users of the financials.
Hence, Managerial accounting is primarily focused on Providing special-purpose information and reports.
Answer:
a. tries to differentiate its product from competitors' products.
Explanation:
A monopolistic competition is when there are many buyers and sellers of heterogeneous goods and services .
An example of a monopolistic competition is a restaurant.
The demand curve for a monopolistic competition is downward sloping which indicates that the demand is elastic.
If in the short run ,a monopolistic competition earns economic profit, in the long run, new firms would enter in the industry wiping out the economic profit. Therefore, in the long run, a monopolistic competition doesn't operate like a monopoly. A monopoly earns economic profit both in the short and long run.
I hope my answer helps you
You can use a personal fact sheet when doing an application.
Answer:
true is the answer I think
