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    Introduction to Management Accounting Study Set 1
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    Exam 7: Introduction to Budgets and Preparing the Master Budget
  5. Question
    A Major Drawback of Using Historical Results for Judging Current
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A Major Drawback of Using Historical Results for Judging Current

Question 129

Question 129

True/False

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

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