Which BEST Describes the Purpose of a Management Accounting and Control

question 56

Multiple Choice

Which BEST describes the purpose of a management accounting and control system (MACS) ?

• A)A MACS defines the value chain and identifies nonvalue-added activities for a business.
• B)A MACS helps decision makers determine whether strategies and objectives are being met.
• C)A MACS offers a system of controls to ensure employees are meeting predetermined standards.
• D)A MACS provides a signal for management attention when areas are out-of-control.

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Definitions:

Human Resource

The personnel of an organization or the department responsible for managing employee-related functions.

Union Responsibilities

Obligations of labor unions, including representing members, negotiating labor contracts, and protecting workers' rights and interests.

Collective Agreements

Contracts between employers and trade unions outlining terms of employment, working conditions, and employee rights.

Working Conditions

Facts about the situation in which the worker acts; includes physical environment, hours, hazards, travel requirements, and so on, associated with a job.