Managerial Accounting Includes the Planning Function

question 155

Multiple Choice

Managerial accounting includes the planning function.Which of the following items would be part of the planning function of a business's managerial accounting?

• A) comparing actual performance to previously budgeted amounts
• B) creating detailed budgets
• C) implementing operational plans
• D) evaluating results of operations

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Definitions:

Job Characteristics Model

A theory that proposes that the nature of one's job or the characteristics of the task one is involved in directly affects job satisfaction, motivation, and productivity.

Client Relationships

Client relationships refer to the ongoing interactions, communications, and management of expectations between a business and its clients, crucial for achieving customer satisfaction and loyalty.

Motivational Strategy

Techniques and approaches used to inspire and encourage individuals or teams to achieve their goals and improve their performance.

Job Enrichment

A strategy used to motivate employees by giving them more responsibilities and variety in their jobs.