Examining of past performance, exploring alternative and planning future is __________?
Correct answer: A. learning
- A. learning
- B. alternating
- C. examining
- D. decidingGet Executive Coaching
Explanation
Learning in management accounting involves reviewing past performance, considering alternatives and using that knowledge to plan future actions. Deciding refers only to choosing among alternatives, not the full process described.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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