Two Macro Factors That Underlie the Trend Towards Greater Globalisation

question 24

True/False

Two macro factors that underlie the trend towards greater globalisation are (1)the decline in barriers to the free flow of goods,services and capital;and (2)the dramatic developments in recent years in information and communication technologies and transportation.

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Definitions:

Managerial Accounting

The field of accounting that focuses on providing information to managers for use in planning, decision making, and operational control.

Managerial Accounting

This involves the steps of recognizing, assessing, scrutinizing, decoding, and sharing monetary details with management to facilitate the attainment of organizational aims.

Budget

A financial plan outlining an organization's revenue, expenditures, and capital for a specific period, guiding financial management and priorities.

Control Function

An essential management activity that involves measuring actual performance, comparing it against set standards, and taking corrective action to ensure goal achievement.