Three of the Major Certifications Available to Management Accountants Are

question 58

True/False

Three of the major certifications available to management accountants are Certificates in Management Accounting, Public Accounting, and Internal Auditing.

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Definitions:

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service versus the total amount they actually pay.

Producer Surplus

The difference between what producers are willing to accept for a product versus what they actually receive in the market.

Marginal Benefit

The increased benefit or value received from the consumption or creation of one more unit of a good or service.

Marginal Cost

The investment required to manufacture an additional unit of a product or service.