The Type of Management Which Broadens the Focus of Accounting

question 86

Multiple Choice

The type of management which broadens the focus of accounting because it is concerned with factors that drive costs, such as cycle time and process productivity is called:.

• A)Cost accounting
• B)Cost management
• C)Financial management
• D)Financial accounting

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Definitions:

Personal Interviews

A direct method of qualitative research involving face-to-face conversations for the purpose of obtaining detailed information.

Tabulates Data

The process of organizing data into tables or charts for easier analysis and better understanding.

Line Managers

Individuals who have direct responsibility over a particular group of employees within an organization, overseeing daily operations and reporting to higher management.

Compensation System

A structured plan designed by an organization to pay its employees, including wages, benefits, bonuses, and other types of pay.