Due in Part to Increased Global Competitiveness and Changes in Management

question 71

Multiple Choice

Due in part to increased global competitiveness and changes in management techniques and processes, what has changed about the role of the management accountant?

• A)Management accountants have started to place a greater emphasis on financial information, in order to promote continued growth in earnings.
• B)Rather than to focus on problems within functions (such as a marketing problem or a production problem), management accountants are using a strategic approach to address problems in a cross-functional manner.
• C)Management accountants have developed a variety of new techniques to measure functional area performance.
• D)There has been a renewed emphasis on short-term profitability, since product life cycles have started getting shorter.

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Definitions:

Total Revenue

The total income received by a company or organization from its normal business activities, usually from the sale of goods and services to customers.

Figure 16-11

This appears to be a reference to a specific figure in a text or document and without further context, it can't be precisely defined.

Profit

The financial gain realized when the revenue from business activities exceeds expenses, costs, and taxes.

Revenue

The sum of earnings from selling goods or providing services which are fundamental to a company's core business activities.