Managerial Accounting Has Become More Important in Service Industries Due

question 55

Multiple Choice

Managerial accounting has become more important in service industries due to

• A)the decline of the manufacturing sector has freed up many accountants.
• B)service delivery is extremely complex and requires proper monitoring.
• C)the economy has become more service-oriented recently.
• D)the increase in complexity in computer systems requires accounting specialists.

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Definitions:

Rush Delivery

A service option that ensures goods or packages are delivered more quickly than standard shipping times.

Administrative Supplies

Items and materials used in the routine operations and management of an office or organization, including paperwork, stationery, and office equipment.

Examination Rooms

Designated rooms in a healthcare facility where patients are examined, diagnosed, and consulted by healthcare professionals.

Reception Area

A space in an office or building where visitors are greeted and wait before being directed to their destination.