For Operational Control, a Management Accounting System Should Include

question 27

Multiple Choice

For operational control, a management accounting system should include:

• A) Performance measures associated with basic business processes.
• B) Only financial-control measures, such as standard cost variances.
• C) High-level financial metrics such as return on investment (ROI) or return on sales (ROS).
• D) A combination of short-term and strategic financial-performance metrics.
• E) Only flexible-budget cost and revenue variances.

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Definitions:

Muscles

Tissues in the body that have the ability to contract, making movement possible, and are essential for bodily functions and posture.

Bones

The rigid organs that form part of the vertebrate skeleton, supporting and protecting various parts of the body and producing red and white blood cells.

Circulatory System

The body's network responsible for the movement of blood and lymph, including the heart, blood vessels, and blood, crucial for supplying nutrients and oxygen to tissues.

Low Birth Weight

A term used when a newborn weighs less than 2,500 grams (5 pounds, 8 ounces) at birth.