Which item is a guideline used by management accountants to assist in strategic and operational decision making?
A)All are guidelines
B)Cost-benefit approach
C)Different costs for different purposes
D)Behavioural and technical considerations

Question

Quizplus · Accepted Answer

All the options listed (B, C, D) are indeed guidelines used by management accountants to assist in strategic and operational decision making. The cost-benefit approach ensures that the benefits of a decision outweigh the costs. The principle of different costs for different purposes acknowledges that the type of cost information needed varies depending on the decision to be made. Behavioral and technical considerations take into account how decisions affect people and the technical feasibility of implementing them.

Which Item Is a Guideline Used by Management Accountants to Assist