Non-Monetary Data Can Be Very Useful for Management Accounting

question 17

True/False

Non-monetary data can be very useful for management accounting.

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Definitions:

Reliable

The quality of being consistently good in quality or performance, able to be trusted.

Validity

A key attribute of a selection device that indicates its accuracy and relationship to job-relevant criteria.

Subjective Approach

A method or perspective based on personal opinions, feelings, and preferences rather than objective facts or data.

Judgmental Nature

The tendency to make decisions or form opinions based on personal biases, assessments, and evaluations rather than objective evidence.