The Management Accountant at Technology Innovators Determined $500,000 Is the Organization's

question 173

Multiple Choice

The management accountant at Technology Innovators determined $500,000 is the organization's earning goal to accommodate the organizational plan during the first quarter during a new year. The accountant realizes that to achieve the new earning goal, the operations manager needs to increase the price of technology parts charged to a consumer to $250.00 per unit. The manager is scheduling a new staff meeting to determine if they need to increase the marketing efforts at the firm, or if they need to design a new part that uses materials that are less expensive to produce. Which of the following management responsibilities is the managerial accountant using in this example?

• A)Directing
• B)Planning
• C)Controlling
• D)Implementing
• E)Designing

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Definitions:

Abstract

A brief summary of a research article, thesis, review, or other long report on a subject or project.

Concrete

Existing in a material or physical form; not abstract.

Concept

An abstract idea or a mental symbol that represents some aspect of the world, often forming the basis of thought.

Abstractness

The quality of being abstract; not related to concrete objects but expressing ideas and concepts at a higher level.