the focus of management accounting over time has changed 244004

The focus of management accounting over time has changed. Which is the correct historical order for the following foci? i. Cost ii. Profitability iii. Resource management iv. Waste reduction A. i, ii, iii and iv B. ii, iii, i and iv C. i, ii, iv and iii D. i, iii, iv and ii Which of the following are management accounting responses to the changing business environment? A. Activity-based costing. B. E-commerce. C. Supplier cost analysis. D. A and C. Which of the following statements is correct? A. The primary objective of a firm’s management is to increase firm value.

Document Preview:

The focus of management accounting over time has changed. Which is the correct historical order for the following foci? ?i. Cost?ii. Profitability?iii. Resource management?iv. Waste reduction ? ?A. i, ii, iii and iv B. ii, iii, i and iv C. i, ii, iv and iii D. i, iii, iv and ii Which of the following are management accounting responses to the changing business environment? A. Activity-based costing. B. E-commerce. C. Supplier cost analysis. D. A and C. Which of the following statements is correct? A. The primary objective of a firm’s management is to increase firm value. B. The management accounting system needs to accumulate information from both internal and external sources. C. Managers may be faced with a conflict between increasing customer value and increasing shareholder value. D. All the given statements are correct. Strategies are: A. directions that a firm intend to take in the long term B. describes the way the firm competes C. the same as objectives and goals D. independent of the firm’s mission statement Which of the following would not be likely as a consistent focus for a firm following a product differentiation strategy? A. Quality B. Delivery C. Product innovation D. Cost reduction The ‘vision’ of an organisation: A. refers to the desired future state of an organisation B. refers to a statement that defines the purpose of the organisation C. refers to specific statements of objective, upon which goals can be set D. is only useful for non profit organizations Animus Ltd is a mining company. Which of the following is an example of a decision relating to formulating Animus Ltd’s corporate strategy? A. Should Animus Ltd operate in the mining industry only, or to expand to heavy machinery manufacturing and distribution? B. Should Animus Ltd compete based on price or product differentiation? C. Should Animus Ltd hire a new financial controller? D. Should Animus Ltd develop a new management accounting…

Attachments:

Related Articles

armstrong helmet company 239138

Armstrong Helmet Company manufactures a unique model of bicycle helmet Question Case project Learning Objectives: Prepare practical applications of course concepts Develop analytical and critical thinking Develop decision-making capabilities Enhance professional...

read more
GET A FREE QUOTE





  
Open chat
Need help? We are Online 24/7
Hello 👋
Can we help you?