The Controller's Staff Often Consists of Several Management Accountants

question 67

Multiple Choice

The controller's staff often consists of several management accountants.All of the following would most likely be on the controller's staff except

• A) general accountants
• B) budgets and budget analysts
• C) investments and shareholder relations managers
• D) cost accountants

---

Definitions:

Average Total Cost

Calculated as the sum of all production costs divided by the number of units produced, representing the per unit cost of production.

Average Variable Cost

The sum of all costs that vary with output levels, divided by the total output generated.

Economies of Scale

The cost advantage that arises with increased output of a product, as the fixed costs are spread over more units of production.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his theories of the free market and the "invisible hand" guiding economies.