Which of the following is a major factor causing changes in management accounting today?

Question

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Increased global competition is a major factor causing changes in management accounting today as organizations strive to remain competitive, reduce costs, and improve efficiency in a global marketplace. Other factors such as additional value chain functions and small advances in technology also contribute to changes in management accounting, but to a lesser extent than increased global competition. The shift to a manufacturing-based economy is a historical trend that has already taken place and is not a current factor causing changes in management accounting.

Which of the Following Is a Major Factor Causing Changes