Outsourcing has declined over the last 20-25 years.

Question

Quizplus · Accepted Answer

This statement is false. Outsourcing has actually increased over the last 20-25 years, particularly in the areas of IT, manufacturing, and customer support.

Answer: Managers are responsible for planning, organizing, leading, and controlling the resources of an organization to achieve its goals. Accounting information is necessary for decision-making, budgeting, forecasting, measuring performance, and ensuring financial accountability.

Answer: In a decentralized organization, management accountants act as strategic business partners by providing financial analysis, performance measurement, and decision support to individual business units or departments. They also collaborate with other functional areas to align financial goals with operational goals and drive continuous improvement.

Answer: Emerging issues in accounting include the increasing importance of services as a source of economic value, the need to manage for value creation rather than just profit maximization, the sustainability agenda (i.e. environmental and social responsibility), and corporate governance (i.e. ensuring ethical behavior and accountability in organizations).

Outsourcing Has Declined Over the Last 20-25 Years