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The main role of Management Accounting is: Planning Control and Decision making. Decision making is the selection of the...

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Accounting

The main role of Management Accounting is:
Planning
Control and
Decision making.
Decision making is the selection of the correct cost element andtake the right decision in the best interest of the organizationbe:
-Make or buy decision
-Accept or reject decision
-Shut down decision
-Limiting factor decision
In relation to Decision making explain the above statement.

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Solution to the above question Role of Management accounting in relation to decision making Make or buy decision Management accountants can evaluate the real cost for each product and can determine whether its more appropriate to produce the products internally or buy them from the third party    See Answer
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