Which of the Following Has Been the Most Influential in Redefining

question 36

Multiple Choice

Which of the following has been the most influential in redefining the role of accountants as analysts and decision makers rather than as mainly number-crunchers?

• A) The collapse of major company groups.
• B) The trend towards globalisation.
• C) Developments in information technology.
• D) The increase in demand for non-financial information.

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Definitions:

Retention Program

A set of activities or strategies designed by a business to increase the likelihood of a customer continuing to use their service or purchase their products.

Affordable Method

A budgeting technique where the cost of an action or project is determined based on what is financially feasible.

Principal Accounting Method

The main system a business uses to maintain its financial records and prepare financial statements, such as accrual or cash basis accounting.

Budgeting Method

A systematic approach to managing income and expenses, ensuring that financial resources are allocated efficiently.