Managerial Accounting Is an Activity That Provides Financial and Nonfinancial

question 65

True/False

Managerial accounting is an activity that provides financial and nonfinancial information to an organization's managers and other internal decision makers.

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Definitions:

Resource Inputs

The materials, labor, and capital that are used to produce goods and services.

Organisational Outputs

The results or products that come from the functioning of an organization, including goods, services, and ideas.

Technology

The application of scientific knowledge for practical purposes, especially in industry.

Competitive Advantage

The advantage a company has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.