Examlex
Which of the following is a characteristic of managerial accounting?
Statistics
The branch of mathematics dealing with the collection, analysis, interpretation, and presentation of masses of numerical data.
Scientific Management
A management theory that examines and restructures workflows to enhance economic effectiveness and labor productivity.
Scientific Management
A management theory developed by Frederick W. Taylor that emphasizes efficiency and productivity by scientifically studying work processes and setting performance standards.
Process And Production
The methods and activities involved in transforming raw materials into finished goods, emphasizing efficiency and quality.
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