When benchmarking, management accountants are MOST valuable when they:
A)present differences in the benchmarking data to management
B)highlight differences in the benchmarking data to management
C)provide insight into why costs or revenues differ across companies
D)provide complex mathematical analysis

Question

Quizplus · Accepted Answer

Providing insight into why costs or revenues differ across companies is the most valuable contribution of management accountants in benchmarking. This allows management to understand the reason for the differences and make informed decisions on how to improve their own processes. Simply presenting or highlighting differences in the data may not provide enough context for management to act upon. Complex mathematical analysis may be necessary in some cases, but it is not the primary role of management accountants in benchmarking.

When Benchmarking, Management Accountants Are MOST Valuable When They