Which of the following is a guideline used by management accountants to assist in strategic and operational decision making?
A) employing a cost-benefit approach
B) employing a supply chain approach
C) employing a six sigma approach
D) employing a regression approach

Question

Quizplus · Accepted Answer

Employing a cost-benefit approach is commonly used by management accountants to evaluate the financial benefits and costs of potential strategic and operational decisions. This involves weighing the potential benefits against the costs of implementation, considering both financial and non-financial factors, to determine the best course of action. Supply chain approach, Six Sigma approach, and regression approach are not necessarily specific guidelines used by management accountants for decision making.

Which of the Following Is a Guideline Used by Management