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Describe some of the accountability issues existing in modern corporations.
Managerial Accounting
The branch of accounting that uses both historical and estimated data in providing information that management uses in conducting daily operations, in planning future operations, and in developing overall business strategies.
Strategic Decisions
Choice made by an organization's top management on long-term goals and policies, usually involving resources allocation and efforts to achieve competitive advantage.
Externally Imposed Benchmarks
Standards or measures of performance that are set by external organizations or bodies, which a company must meet or comply with.
Competitive Landscape
The dynamic external environment within which a business operates, characterized by the competition between existing firms, new entrants, and substitutes.
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