Which of the Following Steps in the Management Decision-Making Process

question 107

Multiple Choice

Which of the following steps in the management decision-making process does not generally involve the managerial accountant?

• A) Determine possible courses of action
• B) Make the appropriate decision based on relevant data
• C) Prepare internal reports that review the impact of decisions
• D) None of these

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Definitions:

AP

Advanced Placement, a program in the United States and Canada offering college-level curriculum and examinations to high school students.

AVC

Average Variable Cost; the total variable costs divided by the number of units produced, indicating the variable expense per unit of output.

MP

Marginal Product, which refers to the increase in output that results from employing an additional unit of input, holding all other inputs constant.

Average Fixed Cost

Average Fixed Cost refers to the total fixed costs (costs that do not change with the level of output) divided by the quantity of output produced. It decreases as production increases.