Management Accounting Is a Sub-Discipline Within Accounting Focusing Solely on the Provision

question 81

True/False

Management accounting is a sub-discipline within accounting focusing solely on the provision of economic and financial information for external users.

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Definitions:

Product-Based

An approach or business strategy that focuses on the development, manufacturing, and selling of tangible goods as opposed to services.

Pareto Charts

Graphics that identify the few critical items as opposed to many less important ones.

Product Liability

Legal responsibility of manufacturers and sellers to compensate for losses or damages caused by defects in their products.

Consumer Product Safety Act

A regulatory law that aims to protect consumers from products that pose a fire, electrical, chemical, or mechanical hazard or can injure consumers.