Asked by Latanya Haynes on May 29, 2024

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Which of the following statements about the management accountant's role in the decision-making process is/are true?
i. The management accountant is primarily responsible for selecting an alternative in the decision-making process.
ii. The management account is primarily responsible for collecting the data in the decision-making process.
iii. The management accountant is sometimes involved in developing a decision model in the decision-making process.

A) i
B) i and ii
C) i and iii
D) ii and iii

Management Accountant

A management accountant is a finance professional who prepares and analyzes financial data to help managers make informed business decisions, focusing on budgeting, performance evaluation, and cost management.

Decision Model

A framework or guideline designed to facilitate the making of business decisions through systemic analysis and evaluation.

Collecting Data

The process of gathering information or facts from various sources for analysis, which can then be used for making informed decisions or developing strategies.

  • Comprehend the procedures and essential factors in the decision-making process.
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ZK
Zybrea KnightJun 03, 2024
Final Answer :
D
Explanation :
The management accountant is not primarily responsible for selecting an alternative in the decision-making process; that is typically the role of senior management. However, they are responsible for collecting data and may be involved in developing decision models to help inform those choices.