Select the Statement That Best Completes the Following Sentence for All

question 15

Multiple Choice

Select the statement that best completes the following sentence for all possible scenarios: 'Considering the entire value chain is important for management accounting in today's competitive environment because ....'

• A) the value chain actually extends back to suppliers and forward to customers.
• B) production is only one very small part of the value chain.
• C) traditional systems have focused on the engineered costs of production rather than the discretionary costs of the other aspects of the value chain.
• D) the study of all aspects and linkages in the chain may provide opportunities for cost reduction that are not evident when focusing on one aspect only.

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Definitions:

Unfair Labor Practice

Actions by employers or unions that violate the rights of employees under labor laws.

Taft-Hartley Act

A 1947 federal law that restricts the power and activities of labor unions.

Landrum-Griffin Act

This refers to a 1959 United States federal law that aims to protect union members from corrupt practices and to ensure democratic rights within unions.

Taft-Hartley Act

A federal law enacted in 1947 that restricts the activities and power of labor unions, also known as the Labor Management Relations Act.