Chapter 2—Cost Terminology and Cost Behaviors MULTIPLE CHOICE 1. The term "relevant range" as used in cost accounting means the range over which a. | costs may fluctuate. | b. | cost relationships are valid. | c. | production may vary. | d. | relevant costs are incurred. | ANS: B PTS: 1 DIF: Easy OBJ: 2-2 NAT: AACSB: Reflective Thinking LOC: AICPA Functional Competencies: Measurement‚ Reporting 2. Which of the following defines variable cost behavior
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environment (ISO 1997). Improvement of environmental performance thus implies that the company has minimised the relative environmental impact of its activities‚ products or services. Based on the use of performance measurement in traditional management accounting‚ environmental performance measures are (Horngren and Sundem 1993): * Attention-directing‚ as they point to problems and indicate which problems are to be given priority * Used in problem-solving‚ as they (should) enable environmental managers
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can flourish. Consider the following questions. Question 1: As you reflect on the experience of self-talk‚ did you find the process useful in helping you make more ethical decisions? What were the strengths of this technique? The weaknesses? What is the most effective way for you to self-coach yourself into ethical decisions? Question 2: As you reflect on the blind spots and risks of each of the four ethical lenses‚ where are you vulnerable? As you reflect on the many statements of unethical action
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Meeting 1 MRF’s File COST ACCOUNTING “An Introduction to Cost Terms and Purposes” Assistant Lecturer: M. Ryan Firmansyah Problem 1 (Quiz 1 September 8‚ 2009) Consider the following costs that were incurred during the current year. Evaluate whether the cost is: 1. A product cost or a period cost 2. Variable or fixed in terms of behavior 3. For the product cost‚ whether it is classified as direct material‚ direct labor‚ or manufacturing overhead No. 1 Descriptions Product Cost Period Variable Fixed
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Topic: Some people make decisions quickly. Others arrive at decisions only after long‚ careful thought. Which type of decision do you most often make? Use specific details and examples to support your answer. There is an European proverb says “Each person’s life is a series of decisions”‚ which means that our decisions will have big effects on our life‚ including good ones and bad ones. To decide truly and then make my life better‚ I often arrive at decisions only after long‚ careful thought
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Decision Making Strategies: Thompson’s Classification A Review of the Literature Table of Contents 2 Introduction 3 Description of the main existing theories-approaches and their possible interactions..4 Presentation and discussion............................................................................................5 Relation with Managerial Decision-making................................................
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How attitude role in decision making process? Before I can talk about the play role between attitude and buying decision process‚ let’s look at the definition of attitude first. Attitude is a relationship link between feeling and believes or a consumer’s thoughts and the response action. We can say that attitude is something that is in the people’s mind and the thought of a consumer’s openness towards the information received by each individual. The information received can be both positive and
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Rational Decision Making How do you make lucrative decisions for a company or an organization? Decision making is the process in which you identify problems‚ consider alternatives‚ gather information and act decisively but prudently that can give you profitable outcomes for your organization. As a decision maker it involves effective techniques to accomplish your goals and make decisions that are result of an intelligent deliberation. It’s mandatory to take every decision in the light of some logical
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ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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COMMUNITY COLLEGE BIRMINGHAM EDEXCEL LEVEL 7 BTEC PROFESSIONAL HIGHER NATIONAL IN BUSINESS UNIT TITLE: UNIT 13 COURSE TITLE: MANAGING FINANCIAL PRINCIPLES AND TECHNIQUES NAME OF CANDIDATE: DATE ASSIGNMENT IS DUE: 20th November 2012 TUTOR: S. M. Azeem Please‚ ensure you sign the statement of authentication and follow the notes given at the end of the assignment PREAMBLE
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