Technical consideration ________.
A.emphasize on different costs for different purposes
B.focuses on compensating the managers for good performance
C.focuses on encouraging individuals to do their jobs better
D.help managers make wise economic decisions by providing them with the desired information
Technical consideration provides very valuable information based on that information, management takes important and wise decisions.
So, Option D is correct answer.
Technical consideration ________. A.emphasize on different costs for different purposes B.focuses on compensating the managers for...
A number of terms are provided. timely management accounting ethical guidelines cost-benefit technical control value chain reliable corporate social responsibility strategy Use the terms from the list to complete the following sentences: 1. Management of activities, businesses, or functional areas, which managers oversee and coordinate within the organization, requires _______ and ______ information. 2. The _______ considerations help managers make wise economic decisions by providing them with the desired information in an appropriate format and at the preferred frequency. 3....
Distinguish planning decisions from control decisions. A. Planning decisions focus on organizational goals without consideration of past performance. Control decisions focus on predicting results under various alternative ways of achieving those goals, deciding how to attain the desired goals, and deciding how to evaluate performance. B. Planning decisions are budget oriented, where control decisions focus on financial reporting. C. Planning decisions focus on selecting organization goals, predicting results under various alternative ways of achieving those goals, deciding how to attain...
What three guidelines help management accountants provide the most value to managers? A. (1) Understand the organization structure, (2) Employ a cost-benefit approach, and (3) Maintain integrity and credibility in every aspect of the job B. (1) Decision-making, (2) Planning, and (3) Control C. (1) Employ a cost-benefit approach, (2) Recognize behavioural and technical considerations, and (3) Identifying relevance and that decisions require "different costs for different purposes" D. (1) Planning, (2) Control, and (3) Performance evaluation and learning
All of the following are good reasons why managers allocate overhead costs to products EXCEPT: a. Because managers would otherwise have difficulty estimating the cost of direct materials and labor. b. To give managers the information they need to make good decisions. c. Because it is required by U.S. Generally Accepted Accounting Principles for external financial reporting. d. To give managers incentive to efficiently use indirect manufacturing resources and activities.
Meet Your New Boss: An Algorithm By Sam Schechner I Dec 11, 2017 TOPICS: Management, Technology SUMMARY: Companies are starting to use software and algorithms that complete managerial functions. The technology can schedule and manage strategic projects. There is a shift to apply artificial intelligence to hiring and human resources. Machines excel at data-driven decisions. Machines may be better able to complete traditional management tasks; identifying potential, building teams, assigning tasks, measuring performance and providing feedback. There are also traps...
Two different managers in an organization are hiring financial analyst for an entry level position. Manager A asks the job applicants who are called for an interview to do the following task. He gives them a sales history of the company's product lines for the past 12 quarters and asks the applicant to make a forecast for the next four quarters using Excel spreadsheet. Manager B asks the job applicants an interview question: Assume that you are given the sales figures...
Ability bias can arise when estimating compensating wage differentials associated with various job characteristics. What is ability bias in this context? a. Low-skilled workers are likely to have low wages but good job amenities. O Ь.High-skilled workers are likely to have high wages but poor job amenities O c. High-skilled workers are likely to have lower wages than unskilled workers but to have better job amenities d.High-skilled workers are likely to have higher wages than unskilled workers, but they are...
You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overall company can and will have far greater impact on the company and its employees. Your boss, the chief executive officer (CEO), realizes that you do not have...
1. Design costs are an example of: a) unit-level costs b) product-sustaining costs c) facility-sustaining costs d) batch-level costs 2. A manufacturing firm produces multiple families of products requiring various combinations of different types of parts. Of the following, the MOST appropriate cost driver for assigning materials handling costs to the various products is: a) number of parts used b) number of suppliers involved c) number of units produced d) direct labor hours 3. A well-designed, activity-based cost system helps...
You have just been promoted from front-line supervisor to be one of the firm's senior managers. During your business education, you learned that the primary role of a manager is to make good decisions. As a supervisor, you had frequently been making routine decisions, but you realize that decision making for the overall company can and will have far greater impact on the company and its employees. Your boss, the chief executive officer (CEO), realizes that you do not have...