The Technique Used in Management Accounting to Determine the Change

question 6

Multiple Choice

The technique used in management accounting to determine the change in profit associated with the cost or benefit of the next (or the marginal) unit is called __________.

• A) scenario analysis
• B) goal-seek analysis
• C) marginal analysis
• D) predictive analytics

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Definitions:

Employee Salaries And Wages

Financial compensation paid to workers for their labor, including both fixed salaries and hourly wages.

Planning Budget

A budget designed at the beginning of a period, reflecting expected incomes and expenses based on forecasted operations.

Wells Serviced

The number of oil, gas, or water wells maintained, repaired, or serviced within a specific timeframe.

Servicing Materials

Raw materials or supplies used in the upkeep or maintenance of equipment or facilities.