Due in Part to Increased Global Competitiveness and Changes in Management

question 59

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 hopes of ensuring continued earnings.
• B)Rather than to focuses solely on financial data,the role of the management accountant has shifted to encompass more of a strategic management perspective.
• C)Management accountants have devised new financial measures for corporate success,such as the balanced scorecard and value chain analysis.
• D)There has been a renewed emphasis on short-term profitability,since product life cycles have started getting shorter.

Understand the importance of strategic alignment with stakeholders and adapting to competitive environments in project outcomes.

Understand the importance of setting long-term goals for effective short-term time management.

Recognize the importance of managing energy for academic success.

Assess the effectiveness of various strategies for energy rejuvenation.

---

Definitions:

Archaic Period

The era in Greek history (approximately 700-480 BCE) known for its advancements in art, poetry, and politics, preceding the classical period.

Ionic Frieze

An Ionic frieze is a continuous horizontal band of sculptured or painted decoration found on the entablature of buildings in the Ionic order of classical architecture.

Parthenon

A former temple on the Athenian Acropolis, Greece, dedicated to the goddess Athena, exemplifying classical Greek architecture and art.

Panathenaic Procession

An ancient Athenian festival celebrating the birthday of the goddess Athena, featuring a grand procession to the Acropolis.