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    Introduction to Management Accounting Study Set 2
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    Exam 7: Introduction to Budgets and Preparing the Master Budget
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    The Major Drawback of Using Historical Results for Judging Current
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The Major Drawback of Using Historical Results for Judging Current

Question 113

Question 113

True/False

The major drawback of using historical results for judging current performance is that inefficiencies may be concealed in the past performance.

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