Why does managerial accounting often involve working with, Accounting Basics

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Why does managerial accounting often involve working with

1. Why does managerial accounting often involve working with numerous predictions and estimates?

2. Should we evaluate a production manager's performance on the basis of operating expenses? Why?

3. What ethical decisions need to be made when preparing managerial accounting statements?

4. How does an employee's performance factor into those decisions?

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