chapter 1 Flashcards

1
Q

managerial accounting

A

info for people inside org

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2
Q

financial accounting

A

info to outside org
required
past performance is judged

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3
Q

planning

A

goals
alternatives
develop budgets

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4
Q

directing and motivating

A

people to carry out the plans
day to day activies

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5
Q

controlling

A

feedback
performance reports and compared to actual data

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6
Q

decision making

A

most basic managerial skill

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7
Q

intrinstic motivation

A

motivation within

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8
Q

extrinsic motivation

A

motivate others with incentives

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