0
provide specific examples of these questions with respect to the use of a coutry's scarce resources
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is accounting management?
There are three type of Accountants: 1 - Financial Accountants 2 - Cost Accountant 3 - Management Accountant Management Accountant is a person who helps the management in the decsion making process of daily working activities by providing relevent data and analysis and helps management in every aspect of business activities and provide the analysis of financial implications of different decisions made by management and help to choose most benefitial decision and ways to manage business.
What are the three major business activities in which accountants play a major role?
Financial Accounting, Managerial Accounting, and Auditing.
What role does accounting play in business operations?
Accounting helps managers see what direction the business is headed in. With the right accounting department, a business can meet their organizational goals.
What role do scarcity and opportunity cost play in making management decisions?
If you do not have a resource, you will have to make different decisions. If you have an opportunity come up, you may have to change your plan.
What role do past cost play in relevant costing decision?
Past costs can play an important role in making future cost budgets. The previous costs can help individuals budget how much money they will need for future production of similar objects.
What role do cross cultural communication cooperative decision making and collaborative problem solving play in multinational corporation management?
1. What role do cross-cultural communication play in multinational corporation management ? 2. What role do cooperative decision-making play in multinational corporation management ? 3. What role do collaborative problem-solving play in multinational corporation management ?
What role does a decision tree play in business decision-making?
Decision trees help managers visualize how their choices will play out within the organization. Using a decision tree, management can assess multiple options at once.
What role does critical thinking play in decision making?
what role did critical thinking play in making that decision
What role might an accounting professional play in ethical corporate decision making?
Accounting professionals can help executive managers set the direction for the company through budgets. Their expertise will help managers guide the organization financially.
Can management accounting play an important role in a nonprofit organization?
Yurt
What role does the cost of capital play in the financial decision making of the firms top managers?
What role does the cost of capital play in the financial decision making
What is the role of statistics in accounting?
Statistics play a very vital role in accounting. They help in the interpretation of data which is crucial for making proper accounting decisions.
What role does personality play in decision making?
it shouldn't. you should always try to make the right decision.
What is accounting management?
There are three type of Accountants: 1 - Financial Accountants 2 - Cost Accountant 3 - Management Accountant Management Accountant is a person who helps the management in the decsion making process of daily working activities by providing relevent data and analysis and helps management in every aspect of business activities and provide the analysis of financial implications of different decisions made by management and help to choose most benefitial decision and ways to manage business.
What role does price elasticity demand play in decision making by business firms?
price elasticity
What role does financial accounting play in decision making?
Accounting has been defined as the process of identifying, measuring, recording and communicating economic information to permit informed judgments and economic decisions. The primary purpose of accounting is to help persons make economic decisions. In our society resources must be allocated among and within all kinds of entities. Accounting information provides the basis for making decisions about resource allocation.Accounting information is financial information about economic activities. All economic entities (e.g. businesses, government agencies, families, charitable entities) need such information because it is used for making economic decisions about those entities.11 Hoggett, J.R., Edwards, L., & Medlin, J., Accounting in Australia, Fifth Edition, Chapter 1.
What role do decision support system play in the business environment?
Typical roles decision support systems (DSS) play in business modeling are around advocating a certain thought around decision making use of the underlying data. For example : identifying from the underlying data who are the most profitable customers, what products are selling well in a certain market etc ...for organizations DSS could help in cost management as well (where is money getting spent for what) .. it could help in defining marketing strategy, it could help is supply chain management and pretty much in the whole ecosystem of the organization.
