Asked by Kiana Despabiladero on Jun 15, 2024
Verified
A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to
A) assign responsibility for the decision.
B) provide relevant revenue and cost data about each course of action.
C) determine the amount of money that should be spent on a project.
D) decide which actions that management should consider.
Relevant Revenue
Income generated from core business activities, directly related to the business’s primary operations.
Cost Data
Information related to the expenses incurred in the production of goods or the provision of services.
- Understand the sequential steps in the managerial decision-making process and accounting's contribution.
Verified Answer
DA
Denise AngelJun 22, 2024
Final Answer :
B
Explanation :
The major accounting contribution to the managerial decision-making process is to provide relevant revenue and cost data about each possible course of action, which helps managers weigh the costs and benefits of each option and make informed decisions based on financial and other relevant information. Assigning responsibility, determining the amount of money to spend, and deciding which actions to consider are all important steps in the decision-making process, but they are not the main accounting contribution.
Learning Objectives
- Understand the sequential steps in the managerial decision-making process and accounting's contribution.
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