Question by Leona PH: Accounting help needed?
1. The sequence of activities that add value to the organization are:
a. the value processes
b. the chain of production events
c.the value chain
d. the strategic cost initiatives
(I want to say C. the value chain, but the definition says that the value chain adds value for the customer...not the organization)
2. financial leverage:
a. arises because most borrowed funds have a fixed interest
b. arises because most borrowed funs have a variable interest rate
c. usually has no bearing on the risk associated with a company
d. is a concept that does not apply to individuals
3.managerial accounting supports the management process most significantly by:
a. measuring and reporting financial results after the fact
b. determining the goals and objectives of the entity
c. providing estimates of financial results for various plans
d. establishing operating polices to be followed during a period of time
4. Management accounting is:
a. a highly
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