Select the Appropriate Definition for Each of the Items Listed

question 3

Multiple Choice

Select the appropriate definition for each of the items listed below.
-The newly created designation to amalgamate the three accounting bodies in Canada

• A)Financial accounting
• B)Managerial accounting
• C)Planning
• D)Controlling
• E)Decision making
• F)Value chain
• G)Continuous improvement
• H)Line positions
• I)Time
• J)Total quality management
• K)Lean accounting
• L)Staff positions
• M)Controller
• N)Treasurer
• O)Chartered Accountant (CA)
• P)Ethical behaviour
• Q)Certified General Accountant (CGA)
• R)Certified Management Accountant (CMA)
• S)Certified Professional Accountant (CPA)
• T)CICA

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Definitions:

GDP Component

Parts that make up the Gross Domestic Product, typically including consumption, investment, government spending, and net exports.

National Income

The total value of all income earned by a nation's residents and businesses, including wages, rent, interest, and profits.

NDP

Net Domestic Product, which represents the total value of all goods and services produced within a country in a specific period, minus depreciation.

GDP

Gross Domestic Product, the total value of all goods and services produced within a country's borders, serving as a broad measure of economic activity.