Which of the Following Is Correct with Regard to Private

question 113

Multiple Choice

Which of the following is correct with regard to private accountants?

• A) They are hired by business firms who do not want to use the services of CAs or CGAs.
• B) They are employed by business firms in areas such as marketing research,law,and production technology.
• C) They are becoming less common as CAs,CGAs,and CMAs become more prominent and skilled.
• D) They are almost exclusively found at the head office of business firms.
• E) They are hired to deal with the day-to-day accounting needs of companies.

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Definitions:

Flexible Budget

A budget that adjusts to changes in the volume of activity, providing a more useful comparison of actual to budgeted costs for different levels of activity.

Customers Served

The total number of customers who purchase or consume services within a specific time period.

Budgeting

The process of creating a plan to spend your money, outlining an organization's financial and operational goals.

Flexible Budget

A budgeting method that adjusts or scales according to the changes in activity or volume levels within a company.