Managers Are Able to Achieve a Great Deal Through ________

question 186

Multiple Choice

Managers are able to achieve a great deal through ________ without resorting to sophisticated costing systems.

• A)traditional costing
• B)management accounting
• C)ABM
• D)financial accounting

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Definitions:

Bank

A financial institution licensed to receive deposits and make loans, and offer other financial services, such as wealth management and currency exchange.

Float Balance

The amount of money within a financial system that is briefly counted twice due to time gaps in registering a deposit or withdrawal, often seen in the banking system.

Ledger Balance

The balance of a bank account at the start of each day, including all deposits and withdrawals that have been posted to the account.

Miller-Orr Model

A model used to manage cash balances by setting upper and lower limits on cash reserves, triggering transfers to optimize interest and liquidity.