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What is meant by managerial accounting often serves as an attention directing role?
Wiki User
∙ 12y ago
The attention-directing function of managerial accounting information directs managers' attention to issues that need their attention (i.e., it highlights successful or problem areas).
Wiki User
∙ 12y ago
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Managerial Economics serves as a link between traditional economics and decision making Discuss?
many concepts in economics are regarded as empirically observed and evident but not theoretically understood or validated. That is to say there is a void between the academic Economics (traditional) and the practical application of Economics (managerial). Managerial economics serves as a means of applying economic theory to managerial decisions (real life business problems) of dealing with limited resources and competing ends. Managerial economics is a link as it's basis is in "traditional" economics but it can rarely be perfectly applied to contemporary "real life" decision making.
What are managerial roles?
The manager serves as the head of an organization. He/she is in-charge of all the departments and seeing over the duties of the members of the organization.
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From what country did MYOB software originate?
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What are the duties of world bank to commercial bank?
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Who serves as the liaison between base level major player and defense finance and accounting service?
financial analysis office (fma)
What is quickbooks software about?
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The function of the hook in an introductory paragraph?
The role of an introductory hook in a paragraph is to grab the readers attention and make them want to continue reading what is being said. The writer must engage the reader in the topic they are writing about, and the hook serves to begin the engagement of the reader.
Managerial economics serves as a link between traditional economics and the decision making sciences for business decision making?
Following are the steps helps to managers while taking decisions.. 1.Establish objectives. 2.Define the problem. 3.identify factors that affect the problem. 4.specify alternative solutions. 5.collect data and other informations. 6.Evaluate and screen alternatives. 7.Implement best alternative and monitor result. I think these are the main process in managerial economics.. By -Nsk
Why accounting is the language of business?
The reason that accounting is the "language of business" is because of its role in maintaining and processing all relevant financial information that an entity or company require for its managing and reporting purposes. Accounting is aptly called the language of business. This designation is applied to accounting because it is the method of communicating business information. The basic function of any language is to serve as a means of communication. Accounting duly serves this function. The task of learning accounting is essentially the same as the task of learning a new language. To enable the accounting language to convey the same meaning to all people as far as practicable it should be made standard. To make it a standard language certain accounting principles, concepts and standards have been developed over a period of time.
What does ornamental mean?
Serves as a decoration or ornament.
How would you use spur in a sentence?
The difficult math question spurred the attention of the class. However, there are multiple definitions of this word. I chose the one that serves as an incentive.
