The management accountant who planned to improve an organization's operations by developing models of consumer behavior would be using which of the following contemporary management techniques:
A)Target costing.
B)Benchmarking.
C)Business intelligence.
D)Lean accounting.
E)Focus on the customer.

Question

Quizplus · Accepted Answer

Developing models of consumer behavior is a key component of business intelligence, which involves using data analysis and strategic planning to improve organizational performance. Target costing focuses on managing costs, benchmarking involves comparing performance to industry standards, lean accounting is focused on reducing waste, and customer focus emphasizes prioritizing the needs and preferences of consumers.

The Management Accountant Who Planned to Improve an Organization's Operations