Understand the term 'Disintermediation': It refers to the process of removing intermediaries or middlemen from a financial transaction or process, allowing direct interaction between parties.
Analyze the options provided in the question: Each option represents a different concept, and you need to identify which aligns with the definition of disintermediation.
Option 1: 'Combining managerial and financial accounting' - This is unrelated to disintermediation, as it pertains to integrating two types of accounting practices.
Option 2: 'Increasing the number of financial intermediaries' - This is the opposite of disintermediation, as it involves adding intermediaries rather than removing them.
Option 3: 'Outsourcing accounting functions to third parties' - This involves delegating tasks to external entities, which is not the same as removing intermediaries. The correct answer is: 'Removing intermediaries from a financial process.'