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The new manufacturing environment is characterized by more flexibility, a readiness to meet customers requirements,...

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Accounting

The new manufacturing environment is characterized by more flexibility, a readiness to meet customers requirements, smaller batches, continuous improvements and an emphasis on quality. In such circumstances, traditional management accounting performance measures are, at best, irrelevant and, at worst, misleading. explain in what ways management accountants can adapt the services they provide to the new environment.

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