Which of the Following Statements Is True Regarding the Changing

question 136

Multiple Choice

Which of the following statements is true regarding the changing role of management accountants?

• A) Management accountants are no longer involved with recording transactions.
• B) Because of the increased emphasis on analyzing business operations, management accountants have become key organizational decision makers.
• C) The increasing scope of the regulatory environment has changed the focus of management accountants.
• D) Technology has changed the role of management accountants.

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Definitions:

Locus of Control

A psychological concept referring to the degree to which people believe they have control over the outcome of events in their lives, as opposed to external forces beyond their control.

Own Efforts

The personal endeavor or work done by an individual to achieve a goal without relying on the assistance of others.

Small Business Manager

A professional responsible for overseeing the day-to-day operations and decision-making of a small business.

Entrepreneur

An individual who initiates, operates, and assumes the risk for a business venture.