a. Business decisions rely on certain characteristics which are based on intelligent and well-informed decisions. Explain in detail these characteristics. b. Classification of costs may be based on the information needs of management and their nature. Briefly explain the classification required for various purposes with appropriate examples.

Describe the planning function of managerial accounting.

Which of the following is the principal reason for preparing managerial accounting reports? a.GAAP b.clarity c.usefulness to management d.cost of preparation

Classify the following activities as per value chain analysis: 1.Communication, pricing and channel management 2.Installation, repairs & replacement 3.Planning and management 4.Infrastruacture of the company

Which of the following statements about responsibility accounting are correct?   Select one: a. Responsibility accounting systems differ widely across organizations. b. The structure for accumulating cost information generally mirrors the structure for accumulating responsibility center information. c. Responsibility accounting is the primary responsibility of accounting staff.