Asked by Latanya Haynes on May 29, 2024
Verified
Which of the following statements about the management accountant's role in the decision-making process is/are true?
i. The management accountant is primarily responsible for selecting an alternative in the decision-making process.
ii. The management account is primarily responsible for collecting the data in the decision-making process.
iii. The management accountant is sometimes involved in developing a decision model in the decision-making process.
A) i
B) i and ii
C) i and iii
D) ii and iii
Management Accountant
A management accountant is a finance professional who prepares and analyzes financial data to help managers make informed business decisions, focusing on budgeting, performance evaluation, and cost management.
Decision Model
A framework or guideline designed to facilitate the making of business decisions through systemic analysis and evaluation.
Collecting Data
The process of gathering information or facts from various sources for analysis, which can then be used for making informed decisions or developing strategies.
- Comprehend the procedures and essential factors in the decision-making process.
Verified Answer
Learning Objectives
- Comprehend the procedures and essential factors in the decision-making process.
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