Modern management accounting can be characterized by its
A)flexibility.
B)standardization.
C)complexity.
D)precision.

Question

Quizplus · Accepted Answer

Modern management accounting is characterized by its flexibility as it requires constant change and adaptation to meet the changing business environment, customer needs, and new technological advancements. It focuses on providing relevant information to management to aid in decision-making, and thus, it needs to be flexible to meet the varying information needs of different management levels.

Modern Management Accounting Can Be Characterized by Its