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Role of cost accounting in managerial decision making?"

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Scope and importance of managerial economics?

Business managers need to know about macroeconomics because firms operate in and are influenced by the behavior of the overall economy. Factors such as interest rates, employment, inflation, money supply, etc., affect the business environment and financial conditions in general, so firms must address macroeconomic issues in their planning and management strategy. Macroeconomic forecasts and strategies are more important for large firms than for small businesses.


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What role did Kaiser Wilhelm II play in the events leading up to World War I, particularly in terms of his decision-making and actions with regards to the "Kaiser Wilhelm Hand" policy?

Kaiser Wilhelm II played a significant role in the events leading up to World War I through his decision-making and actions, including the "Kaiser Wilhelm Hand" policy. This policy involved his aggressive foreign policy and support for military expansion, which contributed to rising tensions in Europe and ultimately helped set the stage for the outbreak of the war.


Why was the Marbury v. Madison decision important in shaping the role of the Supreme Court in interpreting the Constitution?

The Marbury v. Madison decision was important because it established the principle of judicial review, giving the Supreme Court the power to interpret the Constitution and determine the constitutionality of laws passed by Congress. This decision solidified the Court's role as the final authority on constitutional matters, shaping its role in interpreting and upholding the Constitution.


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Role of managerial economic in decision making?

The role of managerial economics in decision making is to help in the analysis of economic trends which will be used in making critical decision. This will focus on past, present and future economic patterns.


Role of managerial accounting?

Managerial accounting play a vital role in managers life,Life is veyi easy due to managerial accounting


Role of cost accounting in managerial decision?

Planning conteolling cost Peocing Peofits determinefoe next poinrs plz call 0300-9616308 jawad from skt


What are the three major business activities in which accountants play a major role?

Financial Accounting, Managerial Accounting, and Auditing.


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.


Critically assess the role of managerial economics as a cross functional managerial decision tool?

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What is role of price elasticity of demand in business decision?

role of price elasticity of demand in managerial decisions


What role does management accounting play in decision making?

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What is meant by managerial accounting often serves as an attention directing role?

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).


What are the roles of Management in Accounting?

The role of management levels in accounting is to get full information about the financial position in the organization to get the 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.


What is the Role of DBMS in decision making?

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