Which of the Following Factors Is Causing Changes in Management

question 54

Multiple Choice

Which of the following factors is causing changes in management accounting today?

• A) Shift from a manufacturing-based to a service-based economy.
• B) Increased global competition.
• C) Advances in technology.
• D) All of the above are factors.

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Definitions:

Administrative Purposes

Activities or tasks carried out to manage the operations of an organization, including record keeping, planning, and organizing.

Personnel Decisions

Actions relating to the management and direction of employees within an organization, including hiring, promotion, and termination.

Training Needs

The identification of gaps in workforce competencies that, when addressed through training, can improve individual and organizational performance.

Criterion Deficiency

The absence of important elements in the evaluation criteria that fails to capture the full spectrum of job performance.