Service organizations have no need for management accounting.

Name: Service organizations have no need for management accounting.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Service organizations, like any other organization, need to manage their financial resources and decision-making processes, which can be facilitated by management accounting. Management accounting helps service organizations in cost analysis, decision-making, performance evaluation, and planning, which are critical functions for any business.

Service Organizations Have No Need for Management Accounting