Which One of the Following Tasks Would Not Be Performed

question 9

Multiple Choice

Which one of the following tasks would not be performed by a management accountant?

• A)Being concerned with the impact of cost and volume on profits
• B)Strategic cost management
• C)Assisting in budget planning
• D)Preparing reports primarily for external users

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Definitions:

Profit

The financial gain obtained when the revenue generated from a business activity exceeds the expenses, costs, and taxes associated with it.

Wholesale Price

The cost at which goods are sold to retailers by manufacturers or distributors before any retail markup.

Retail Price

The cost at which an item is sold to the general public by retailers.

Mark-up on Cost

The percent increase applied to the goods' cost price to cover overhead expenses and profit.