Which Certification Sponsored by the Institute of Management Accountants Emphasizes

question 237

Multiple Choice

Which certification sponsored by the Institute of Management Accountants emphasizes economics,finance,management,financial accounting and reporting,management reporting,and decision analysis?

• A)CPA
• B)CMA
• C)CIA
• D)GCA

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Definitions:

Average Product

A metric that measures output per unit of a variable input, calculated by dividing total production by the quantity of the variable input.

Diminishing Marginal Returns

A principle stating that as additional units of a variable input are added to a fixed input, the additional output produced from each new unit decreases beyond a certain point.

Diminishing Marginal Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot increase forever and will eventually decrease.

Marginal Product

The additional output that is produced by adding one more unit of a certain input while holding other inputs constant.