Management control systems Solutions to Chapter 16 questions (a) See Chapter 16 for the answer to this question. In particular, your answer should stress: (i) The need for a system of responsibility accounting based on a clear definition of a manager’s authority and responsibility. (ii) The production of performance reports at frequent intervals comparing actual and budget costs for individual expense items. Variances should be analysed according to whether they are controllable or non-controllable
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anaCHAPTER 1 DECISION MAKING AND THE ROLE OF ACCOUNTING TEXT REFERENCE: Hoggett, J.R., Edwards, L., & Medlin, J., Accounting in Australia, Fifth Edition, Chapter 1. OBJECTIVES: When you have studied this chapter, you should be able to: 1. understand the nature of decisions and the decision-making process. 2. appreciate the wide range of economic decisions made in the marketplace. 3. explain the nature of accounting and its main functions. 4. identify the potential
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1. Fitness Plus, Part A case (from chapter 6 on capacity planning; pages 223-224) 1. Utilization would be the method I would use to measure the where you would need to add extra capacity or eliminate extra space. In this case we would see that cardio is reaching maximum capacity. Fitness plus has not reached its capacity but it is time to start doing something about space. Capacity could soon be met since the area is growing so fast. January is also going to get busy so it is time to act. 2. The
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the following activities except: A. | decision making. | B. | planning. | C. | cost minimizing. | D. | directing operational activities. | E. | controlling. | | 8. | Which of the following functions is best described as choosing among available alternatives? A. | Decision making. | B. | Planning. | C. | Directing operational activities. | D. | Controlling. | E. | Budgeting. | | 9. | Which of the following managerial functions involves a detailed financial
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Management controls are about influencing human behavior Result control (USA) Check results to make sure that employees make right results Performance measurement: * Financial * Non-financial Incentives: * Extrinsic * Intrinsic Elements of result controls * Empowerment & decentralization * Performance indicators & targets * Consequences of own actions and decisions * Rewards * Manu organizational levels: alignment Conditions for effective results controls:
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OR-3 OR-4 OR-5 OR-6 OR-7 OR-8 OR-9 OR-10 OR-11 OR-12 Journals articles as Compulsary reading (specific articles, complete reference) The four things that a service Business must get right HBR Article , Bang & Olufsen Design Driven Innovation : HBR , Smart Product Design : HBR , Mishina, Kazuhiro. Toyota Motor Manufacturing, U.S.A., Inc. HBS Case No. 9-693-019. Harvard Business School Publishing, Boston, 1995. , Hammond, Janice H. Barilla SpA (A). HBS Case No. 9-694-046. Harvard Business School
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STANDARD EDITION Ross Westerfield Jordan FUNDAMENTALS OF CORPORATE FINANCE tenth edition StuDEntS... Want to get better grades? (Who doesn’t?) Prefer to do your homework online? (After all, you are online anyway…) Need a better way to study before the big test? (A little peace of mind is a good thing…) With McGraw-Hill's Connect Plus Finance, ® StudentS get: • Easy online access to homework, tests, and quizzes assigned by your instructor. • Immediate feedback on how you’re doing
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scheduled class meetings for the entire duration of the class. Most students will find MBA 8115 to be very demanding. Poor attendance will almost certainly result in poor course performance. Exams – There will be three exams, each covering specified chapters. Exams may contain any content contained in the reading assignments, homework, and material covered in class. Exams will be closed book and closed notes. You may use a non-memory calculator. The scheduled dates for exams are included in the following
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Chapter Two Marketing Objectives Marketing Plan NOW danny abramovich Chapter 2 out of 4 Marketing Objectives www.MarketingPlanNOW.com 1 2. Marketing strategic planning & objectives Chapter 2 out of 4 Marketing Objectives 2. Tourism Intro 2 2. Marketing strategic planning & objectives Strategic planning is an organization's process of defining its strategy and making decisions on allocating its resources to pursue this strategy. Resources can include people (HR), capital
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1. Which of the following best defines the entrepreneurship process? A. Providing both direct and indirect services to customers B. Using IT to assemble materials into the final product C. Acquiring and combining resources to create goods or services for customers to buy. D. Exchanging or selling services to other companies Correct : The main role of the entrepreneur is to provide the vision and resources to create goods. The other activities listed are typically the role of employees
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