In Terms of Using Accounting Data to Build an Effective

question 23

Multiple Choice

In terms of using accounting data to build an effective management control system,what is the nirvana fallacy?

• A)It is the tendency to use market-based transfer prices.
• B)It is the system of using accounting data for both decision management and decision control.
• C)It is the tendency to use cost centers rather than profit centers as the core of business structure.
• D)It is the belief that a perfect control system can be invented that will stop all fraud.

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Interpersonal affiliations or bonds between individuals, characterized by emotional or social connections.

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Interactions and connections between individuals in a work environment that are based on mutual respect, and professional boundaries.

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