Management control system goal is to use resources of organisation in the best way possible this making the company effective as well as efficient.
Economics is the study of resources which are in scarcity but it's uses are in abundant.
However other discipline like trigonometry , physics, demography are more related to mathematics and science related subjects.
Hence management control system adopts the concepts of economics
The design and use of management control systems uses concepts from which of the following disciplines?...
Which of the following is used at the enterprise level to administrate multiple systems (remote control, patch management, software distribution, etc)? a Puppet b. SCCM c. Nagios d. a and b e. all of the above
Which of following access management concepts is MOST closely associated with the use of a password or PIN? A.Authorization B.Authentication C.Accounting D.Identification
Professional accountants need a wide range of knowledge and skills. Which of the following is not an example of such knowledge or skills? Multiple choice. 1. An ability to communicate in a concise and understandable manner. 2. Skills derived from prior management experience. 3. An ability to calculate and analyze data, and a facility with numbers. 4. Knowledge of many disciplines such as finance, economics, management, marketing and statistics.
Which of the following statements accurately describes a fidelity bond? Multiple Cholce 55 Procedures to provide reasonable assurance that the objectives of a company are accomplished. Proper procedures for processing transactions Insurance that the company buys to protect itself from loss due to employee dishonesty Guideltnes or poticies that imit the actions of different levels of management o of 21 <Prev Type here to search
Use the following graph, which shows an aggregate demand curve, to answer the next question, 250 200 150 100 AD 0 500 600 700 800 Real GDP ($B) If the price level decreases from 200 to 100, the real output demanded will Multiple Cholce Increase by $800 billlon Increase by $200 billion decrease by $600 billion decrease by $200 billion
9. Cost management systems, such as Activity Based Costing, tend to focus on an organization's: * (3 Points) employees customers machines activities rules and regulations 10. Which of the following statements is true? (3 Points) The word "cost" has the same meaning in all situations in which it is used. All organizations incur the same types of costs Costs incurred in one year are always meaningful in the following year Different cost concepts and classifications are used for different Purposes...
Which of the following components may not use a network as part of the information systems architecture? Multiple Choice o The operating system. o Printers. Printers. o Off-the-shelf accounting software. o Enterprise resource planning (ERP) systems
Exercise #2: Conceptos Básicos de la Contabilidad Gerencial (Basic concepts of management accounting To which phase of the management process does each activity relate? (Planning, Controlling, Directing. Decision making. or Improving) Management compares the actual sales with the budgeted sales for the previous period b. After discovering a large amount of rework costs from the use of a cheaper material, the purchasing manager buys a higher quality material. c. Top management discusses ideas to develop a new product line, d....
Which of the following is a database that manages data from different source systems? Electronic data management systems PACS Clinical data repository Authentication
Blanda Incorporated management is considering investing in two alternative production systems. The systems are mutually exclusive, and the cost of the new equipment and the resulting cash flows are shown in the accompanying table. If the firm uses a 9 percent discount rate for production systems projects, Year System 1 System 2 0 -$12,790 -$46,521 1 12,897 33,430 2 12,897 33,430 3 12,897 33,430 Compute the IRR for both production system 1 and production system 2. (Do not round intermediate...