d. none of the above
3. How are changes in technology affecting management accounting?
a.
Accountants must learn to use XBRL to communicate information electronically which aids in making comparisons across companies much simpler.
b.
Increasing computing capabilities and decreasing computing costs have changed how accountants gather, store, manipulate, and report data.
c.
Accountants must be able to account for transactions efficiently and safely and integrate their accounting systems into ERP systems.
d. All of the above.
4. Cost drivers are ________.
a. measures of activities that require the use of resources and thereby cause costs b. different types of cost calculations c. different types of functional areas in the firm d. the different functions in the value chain
5. Give two rules of thumb to use when analyzing cost behavior.