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Why managerial accounting often serves an attention-directing role?
Managerial accounting serves an attention-directing role by providing relevant financial and non-financial information that helps managers focus on critical areas of performance and decision-making. It highlights variances, trends, and key performance indicators that can influence strategic choices, thereby guiding managers to allocate resources effectively. By presenting data in a way that emphasizes important issues, managerial accounting helps ensure that attention is directed toward areas that require action or improvement. Ultimately, this focus supports better planning, control, and operational efficiency within the organization.
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.
What is non trading concern?
An legal and accounting organization which serves the whole community there purpose is non profit earning.
From what country did MYOB software originate?
MYOB is accounting software, it originated in and still serves Australia mostly. It also serves many other countries because it is just software and can be downloaded.
What are the duties of world bank to commercial bank?
it support commercial bank by directing them in sectors for loans should be given.it serves as a mother bank to all banks in the world.
Who serves as the liaison between base level major player and defense finance and accounting service?
financial analysis office (fma)
What part of a speech serves to gain the attention of the audience introduce your topic and set the tone of the speech?
The introduction of a speech serves to capture the audience's attention, introduce the topic, and establish the overall tone and purpose of the speech. This section is crucial in engaging the listeners and setting the stage for the rest of the presentation.
What strand is the messenger rna complementary to?
mRNA is complementary to the template strand of DNA during transcription. The template strand serves as a template for mRNA synthesis, directing the formation of a complementary mRNA transcript.
What is a central point of attraction?
A central point of attraction is a key feature or aspect that draws attention, interest, or focus in a particular context. It serves as a focal point that captures people's interest or serves as a main highlight.
What is a mucleus?
A nucleus is a membrane-bound organelle found in eukaryotic cells that contains the cell's DNA. It serves as the control center of the cell by regulating gene expression and directing cellular activities.
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
