Assume Your Roommate Is a Management Major and Must Take

question 80

Essay

Assume your roommate is a management major and must take this managerial accounting course next semester.You have explained some of the things you have learned thus far, but your roommate states, "I don't know why I would need to know anything about managerial accounting! I am not an accounting major and will NEVER be preparing any managerial accounting reports.As long as I make a profit for the company for which I will work, who cares what the accountants' reports say?" How would you respond?

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Definitions:

Goal

A desired outcome or target that an individual or group aims to achieve through their actions or efforts.

High-Level

Pertains to concepts, processes, or operations that are abstract, complex, or involve overarching principles or ideas.

Low-Level

Used to describe basic or foundational components or processes that operate at a rudimentary or simple stage.

Autonomy

The capacity to make an informed, uncoerced decision independently, signifying self-governance or freedom.