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Marina CMI [18]
4 years ago
7

Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and c

ompare actual to planned results. True or False True
Business
1 answer:
Elenna [48]4 years ago
4 0

Answer:

True.

Explanation:

Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.

Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.

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Jonathan, a supervisor, needs to assess his subordinate's performance. He uses a method that compares one employee with another.
Valentin [98]

Answer:

In the context of types of rating errors, Jonathan commits the contrast error.

Explanation:

Contrast error is a concept which involves the rating of an employee according to any other employee. This is an error in which a person is compared with the other and not to any certain standard. In this concept, an individual sets a standard on which the others' work is evaluated. This type of error majorly occurs during interviews and while evaluating the performances for appraisals.

4 0
4 years ago
Which of the following are necessary for production to take place?
WINSTONCH [101]

Answer:

The input of land, labor, and capital. APEX

8 0
3 years ago
3) Two countries, the US and England, produce only one good, wheat. Suppose the price of wheat is $3.25 per pound in the US, and
Tcecarenko [31]

Answer:

$2.4074/pound

Explanation:

The law of one price states that the same good in two different countries must be sold for the same amount of money, which means that the $/pound spot rate must ensure that wheat costs the same on both countries.

Therefore, the spot rate 'r' is:

\pounds 1.35*r=\$ 3.25\\r= \frac{\$ 3.25}{\pounds 1.35}\\r=2.4074 \frac{\$}{\pounds}\\

The spot rate should be $2.4074/pound.

8 0
3 years ago
What is the purpose of the fibers in grease? A. It's the actual lubricating element in the grease. B. It prevents the lubricant
Fudgin [204]
What is the purpose of the fibers in grease?

The wrong answer is A. It's the actual lubricating element in the grease. Next B. It prevents the lubricant from evaporating. Then C. It traps the lubricant and holds it in suspension. 

Finally And the correct Answer is D. It thinks the grease.

It will help you :)
8 0
3 years ago
Read 2 more answers
According to the Phillips Curve, the greater the aggregate demand for goods and services, the greater the economies output and t
Irina-Kira [14]

Answer:

Lower

Explanation:

If aggregate demand increases, then there will be a decline or decrease in unemployment in any country, even as more workers are hired, real GDP output and price level increases.

Phillips curve is simply a curve that depicts the short-run trade-off between inflation and unemployment.A decrease or a low unemployment correlates with high aggregated demand.

When there is a raise in aggregate demand = higher output + higher price level

On the Phillips curve, more GDP simply means less unemployment and higher price level.

8 0
3 years ago
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