For operational control, a management accounting system should include:
A) Performance measures associated with basic business processes.
B) Only financial-control measures, such as standard cost variances.
C) High-level financial metrics such as return on investment (ROI) or return on sales (ROS).
D) A combination of short-term and strategic financial-performance metrics.
E) Only flexible-budget cost and revenue variances.

Question

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A management accounting system for operational control should include performance measures associated with basic business processes to ensure effective monitoring and improvement of operations.

For Operational Control, a Management Accounting System Should Include