Management Accounting and Decision Making

question 9

Essay

Management accounting and decision making
Give an example of management accounting information that could help a manager make each of the following decisions:
i. The managing director of a car rental company is deciding whether to add luxury cars to the rental car fleet.
ii. The production manager in an assembly plant is deciding whether to have routine maintenance performed on a machine weekly or fortnightly.
iii. The manager of a department store is deciding on the number of security personnel to employ to reduce shoplifting.
iv. The local council is deciding whether to build an addition to the local library.

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Definitions:

Abolitionist Movement

A movement aimed at ending slavery and the slave trade, prevalent in the 18th and 19th centuries, especially in the United States and Britain.

The Liberator

A title often associated with Simon Bolivar, a military and political leader who played a key role in Latin America's successful struggle for independence from the Spanish Empire.

American Anti-Slavery Society

An abolitionist society founded in 1833 that advocated for the immediate emancipation of all slaves and the end of racial discrimination and segregation.

Women's Rights

The rights and entitlements claimed for women and girls worldwide, aiming for equality with men in all aspects of society.