Question
For each of the following decisions or actions, indicate which of the three areas of managerial accounting apply. Select the best option. Question content area
For each of the following decisions or actions, indicate which of the three areas of managerial accounting apply. Select the best option.
Question content area bottom
Part 1
Decisions or Actions by Management: | Area | |
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i. | Consider opening another store across town |
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ii. | Identify why production goals were not met |
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iii. | Evaluate the results of various advertising alternatives |
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iv. | Determine the direct costs and margin of various product lines |
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v. | Decide whether to pay bonuses to workers |
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vi. | Determine how much financing is needed as well as the type of financing |
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vii. | Forecast what profit will be at different levels of sales |
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viii. | Evaluate a new technology platform |
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ix. | Find which process is creating a bottleneck |
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x. | Measure customer satisfaction |
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xi. | Buy or lease new equipment |
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xii. | Submit financial statements to outside users such as shareholders |
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