Answered: Discuss some specific examples in which…

Discuss some specific examples in which information systems can reduce time lags and how the firm is positively affected by such time lags.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter13: The Balanced Scorecard: Strategic-based Control

Section: Chapter Questions

Problem 16E: Which of the following objectives would be associated with the process perspective? a. Increasing...

See similar textbooks

Related questions

Q: What makes the cost-benefit analysis more difficult for information systems than most other…

A: Cost Benefit Analysis: Cost benefit analysis is conducted to determine whether the proposed system…

Q: Some managers believe machine performance is more important in a JIT environment than in a non-JIT…

Q: What are the advantages of using HRMS in an organisation?

A: (1) Improved data management. HRMS can handle all employee information as well as…

Q: discuss some specific examples in which information system can reduce time lags and how the firm is…

A: There is one specific example of an information system that is helpful to reduce time lags is the…

Q: What is the advantages and disadvantages of turnkey systems?

A: Introduction; A turnkey system is when the company develops, builds, and tests a manufacturing…

Q: how cloud accounting can benefits accounting department?

A: Cloud accounting is a kind of accounting software which can be used remotely via internet in…

Q: Which of the following is NOT an advantage of real-time processing files over batch processing?a.…

Q: part of a process happen without negatively impacting another part? What are some reasons for erring…

A: Lean methodology eliminates waste to the core in a process and ensures that reduction in delays…

Q: What characteristics will give firms greater sensitivity to business cycles?

A: Companies with larger sensitivity to the cycles of business are in industries that make capital…

Q: What are the advantages and disadvantages of Xero Accounting Software?

A: Xero Accounting software is a cloud based accounting software for small,medium and large businesses.…

Q: Why do technical analysis? Explain how and why technicians utilize it, and how it may assist time…

A: Technical analysis is a type of analysis that is used to predict the changes in the market.…

Q: Company X sees a disruption in its supply chain at the same time it sees a decrease in customer…

A: A supply chain network is an organization of individuals, associations, and exercises that move an…

Q: What is the e-business model implemented by Slack? Explain

A: E-business: It is the conduct of business and its associated processes through the internet medium.…

Q: Process value analysis is the examination, quantification, and explanation of the effects of cost…

A: Process Value Analysis: Process value analysis involves a critical analysis of all the processes…

Q: Which is a disadvantage of an enterprise resource planning (ERP) system? a. Helps companies adjust…

A: Disadvantages of ERP: Changes to business process Complexity cost

Q: Which is a disadvantage of an enterprise resource planning (ERP) system? Helps companies adjust to…

A: Enterprise resource planning: It is a process that integrates different areas of the organization…

Q: Identify which of the statements below are true (T) or false (F). Lean businesses aim to: Reduce…

Q: Why should the product and f

A: Financial stability: Financial stability can be defined as the financial condition of a company…

Q: What questions should managers answer when facing constraints?

A: Constraint: The factor which restricts a company from achieving its goals is called a constraint.

Q: Which of the following statements is TRUE about designing, creating, and implementing a new business…

A: Creating a new process or workflow from scratch is called as new business process. It’s dissimilar…

Q: ntages of using different man

A: Software is combination of many program that works together to achieve a desired function. These…

Q: Explain two of the risks companies face when outsourcing the IT function. How can the risks you…

A: Outsourcing means the business practice of hiring other businesses to perform functions of the…

Q: The following are the problems that an Enterprise System is designed to overcome, except O data…

A: Solution: The following are the problems that an enterprise system is designed to overcome: 1. Data…

Q: Data in a data warehouse are in a stable state. Explain how this can hamper data mining analysis.…

Q: Is it possible to respond in an agile manner to customer requirements in a global sourcing…

A: Sourcing Is the process of locating and selecting businesses based on set criteria. It happens in…

Q: What specific components should a AIS need to suit a typical company? inputting; storing;…

A: An accounting information system is a software which is used to - Collect Store Process Retrieve…

Q: Discuss the differences between internal and external users of information and their needs and…

A: 1) Accounting information systems: Accounting information systems collect data from different…

Q: What is the difference between line and staff activities? Give an example of each. In a flat world…

A: Line and staff activities refers to that pattern in which specialists in staff advise those line…

Q: List and explain some reasons companies might employ riskmanagement techniques.

A: Risk management techniques are used to reduce or manage the risk faced by the business. It helps the…

Q: Explain why traditional cost allocation methods fail in a computer-integrated manufacturing…

Q: Identify which of the statements below are true (T) or false (F). Lean businesses aim to: Reduce…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: What are enterprise systems? How do they change the way an organization work? List down few Costs &…

A: The Enterprise System is a collection of linked software modules and a central database that allows…

Q: What is a just-in-time management system?

A: Cost management system: The system or unit of the entity which is responsible for management of…

Q: Identify the factor that affects the faithful representation. a. Efficiency of computer systems b.…

A: Level of incomplete is a factor that affects the faithful representation.... Option D level of…

Q: "the company's difficulty in keeping up with the latest technology" how to avoid such issues using…

A: Today organizations find themselves in a race to adopt new technologies in order to keep up with…

Q: Explain how IT outsourcing can lead to loss of strategic advantage.

Q: Can management of a company like Samsung use cycle time and cycle efficiency as useful measures of…

A: Performance evaluation measures are: Financial Non-financial Management of a company such as the…

Q: What is a New Accounting System (AIS) needed?

A: An accounting information system is an application of Information technology to accounting, audit,…

Q: The following describes the benefits of having a sound enterprise- wide Risk Management System…

A: Enterprise wide risk management have benefits of Manage performance variability Enhancing business…

Question

Discuss some specific examples in which information systems can reduce time lags and how the firm is positively affected by such time lags.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

discuss some specific examples in which information system can reduce time lags and how the firm is positively affected by such time lags
Which is a disadvantage of an enterprise resource planning (ERP) system? Helps companies adjust to changes. Can replace separate software systems. Can reduce operating costs. Implementation requires a large commitment of time and people.
Can management of a company like Samsung use cycle time and cycle efficiency as useful measures of performance? Explain.
Which of the following objectives would be associated with the process perspective? a. Increasing information system capabilities b. Increasing service quality c. Decreasing unit product cost d. Increasing customer satisfaction
Identify which of the statements below are true (T) or false (F). Lean businesses aim to: Reduce wait time.
Which of the following is a disadvantage of distributed data processing? a. End-user involvement in systems operation is decreased. b. Disruptions due to mainframe failures are increased. c. The potential for hardware and software incompatibility across the organization isincreased. d. The time between project request and completion is increased. e. All of the above are disadvantages.
Briefly explain why firms might use nonfinancial performance measures.
Which of the following statements is TRUE about designing, creating, and implementing a new business process?*Technology may change during the development process.*Computer simulation of alternative processes is inexpensive.*Process changes that don’t work can be undone easily.*Resolution of implementation problems is easier for enterprise processes.
discuss the difference between internal and external users of information and their needs and demands on an information system. historically, which type of user has the firm catered to most?
Discuss the differences between internal and external users of information and their needs and demands on an information system. Historically, which type of user has firms catered to most? Why have reengineering efforts been made to integrate AIS and MIS?
What characteristics will give firms greater sensitivity to business cycles?
Identify the factor that affects the faithful representation. a. Efficiency of computer systems b. The condition in the economy c. Level of measurement uncertainty d. Level of incompleteness