Please Define the Following Key Terms

question 76

Essay

Please define the following key terms. Show Who? What? Where? When? Why Important?
-realism

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Definitions:

Operating Costs

Expenses associated with running a business's core activities, excluding the cost of goods sold.

Planning

A phase of the management process whereby objectives are outlined and courses of action determined.

Managerial Accounting

The process of identifying, measuring, analyzing, and communicating financial information to managers for the purpose of achieving organizational goals.

Creativity and Change

The process of implementing new ideas, methods, or innovations to initiate or respond to organizational, environmental, or market shifts.