How should managers estimate and interpretcost information?

Q: List two ways managers can use ABM to make decisions.

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Q: a. the organizational effectiveness perspective. conectivo

A: An organizational perspective can be defined as the method used by the organizations to define the…

Q: How can data analysis be used to identify stakeholders?

A: Stakeholder analysis involves the study of identifying, collecting, and analyzing data on different…

Q: Which method you would advise the management to use and why?

A: Inventory refers to finished goods ready for sale or the goods which are used in production process.…

Q: Managers often need to make decisions based on accountancy information. Do they do so in the best…

A: Accounting information becomes the base for the purpose of making decisions in business…

Q: How does the external analysis affect other components of the strategic management process?

A: Setting objectives, examining the competitive environment, studying the internal organization,…

Q: What are the goals of a performance evaluation system?

A: Performance Evaluation System: Performance evaluation system is a system used to examine…

Q: Explain the role of benchmarking in evaluating managers.

A: Performance evaluation:   Performance evaluation refers to the process of assessing how an…

Q: What is a key performance indicator?

A: Key Performance Indicator: Key performance indicator is the measurement metric used to evaluate the…

Q: What kind of graph can help decision making in management accountin? It would be if there are some…

A: The graphs are often considered statistical tools, however, in almost all fields, they are used as…

Q: Explain how sensitivity analysis helps managers cope with uncertainty

A: Definition:

Q: What is activity based management? Why is it important? taking example

A: Activity based management:Activity based management is the process of applying activity-based costs…

Q: How do managers make decisions toimplement strategy?

A: Managers are able to make better decisions to implement strategy with the help of management…

Q: Which one of the following is related to the planning function of management: a. Establishing goals

A: Overhead rates refers to the cost allocated to the production of a product or a service required by…

Q: What questions should managers answer when considering outsourcing?

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Q: What is value-based management and how is it used?

A: The company finds the value of the company by discounting the cash flows occurring in the future.…

Q: How can D. Corporation go about designing a good performance report?

A: Performance report is the report which is prepared by the firm in the end the end of the reporting…

Q: What is sensitivity analysis? Why is it important for managers?

A: Sensitivity analysis:  This is a technique that is used for measuring and examining the reason used…

Q: What are managerial options? Strategic options?

A: Managerial options and strategic options are the options that are used by the organizations to…

Q: How does Incremental Analysis assist Management in decision making?

A: The financial information needed for decision-making is analyzed using incremental analysis or…

Q: Discuss the different variables of CAPM. How would a manager use it in decision making?

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Q: Which function of Management is concerned with an effective procurement of human resources and…

A: Answer: option (a) Staffing is one of the significant functions of management.it is a continuous…

Q: What is the key feature of activity-based responsibility accounting? Briefly explain.

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Q: Explain how the choice of the type of responsibility center (cost, revenue, profit, or investment)…

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Q: What function do management accountants play in strategic decision-making?

A: Function do management accountants play in strategic decision-making will be explained:

Q: What is managerial options?

A: Introduction: Capital budgeting is an investment criterion or decision making mechanism for…

Q: What is the relationship between contribution margin and responsibility margin? Explain how each of…

A: Contribution Margin: The contribution margin is the excess of selling price over the variable costs…

Q: What is management’s primary objective?

A: The primary objective of the management is Shareholders wealth maximization which is a long-term…

Q: Identify and explain the managerial accountant’s primary objective in choosing a transfer-pricing…

A: Return on investment (ROI): Return on investment evaluates how efficiently the assets are used in…

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: What is the importance of Responsibility Accounting?

A: Responsibility accounting is an essential thought of accounting execution assessment structures. The…

Q: What should be the primary objective of managers?

A: Manager is a person who controls, supervise and manages the overall staff of a particular company.…

Q: Explain how CVP analysis can be used for managerial planning?

A: Management planning includes various types of analysis to be done on product costs, sales price,…

Q: Describe the connection between planning feedback, and controlling.

A: The management of the company is the main responsible for preparing the financial statements which…

Q: Define value-based management

A: SOLUTION:- VBM is a concept whih refers that management should firstly consider the interest…

Q: describe the connection between the management process planning, feedback, controlling? take an…

A:

Q: What are the two dimensions of the activity-based management model?How do they differ?

A: Activity based costing is a type of costing method which allocate indirect cost based on their…

Q: Distinguish planning decisions from control decisions?

A: Decision Making: Management of the business has to make good decisions for the growth and success of…

Q: How can conflicts arise between the decision model used by a manager and the performance evaluation…

A: Upper management experiences a continuing struggle: ensuring that lower-level managers' performance…

Q: How environmental uncertainty and length of commitment influence the manager approach to planning?

A: Solution- Environmenta Uncertanity-   Environmental uncertainty is nothing however the degree of…

Q: In what ways do the classical and administrative models of decision making help managers appreciate…

A: Solution-   The classical and body models of call-making facilitate the managers understands…

Q: What is sensitivity analysis? How do managers use this tool?

A: Sensitivity Analysis: Sensitivity analysis, also referred as what-if analysis, is a method to…

Q: Define strategy.

A: Strategy:Strategy is a technic which is crucial for the success of an organization or firm. Managers…

Q: Explain how managers use CVP analysis in decision making

A: Full for of CVP is Cost- Volume- Profit Analysis. It is that method of cost accounting that studies…

Q: How is knowing the degree of operating leverage helpful to managers?

A: Degree of Operating Leverage:  Degree of operating leverage is an efficiency ratio which evaluates…

Q: good performance measurement system will align the goals of management with ________.

A: Performance measurement is used by the managers in order to make decisions that will be an advantage…

Q: Discuss management responsibilities.

A: