Question

Question completion Statu QUESTION 1 Activity based costing strives to create an environment that will enable workers to manufacture zero-defect products is the process of choosing among competing alternatives was established in response to financial scandals encourages process-value analysis. QUESTION 2 Financial accounting is concerned with the information about the firm as a whole has to adhere to GAAP policies. O focuses on external users. all of these are correct Che Sude and Submit to save and submit. Click Save All Answers to save all answers.

Answer 1

1) Correct is part D Encourages Process value analysis because ABC costing focuses on activities related to the work . More the activities used more will be the cost associated with it . This helps in streamlining process and focus on only those process deriving value.

Why others are incorrect

A) This system is called TQM total quality management

B)This is called decision making

C) Sarbanes oxley was formed in response to the financial scandal

2) Correct answer is D ) ALL of above

why all are correct because

A) Since it record all data which is in or out of business so it helps in reporting the firm as a whole.It integrates all the information in ti meaningful reports.

B)Yes since majority of US firms follow GAAp it has to adhere to the same

C)Yes it helps variou external rntities like creditor or banks to asses credit worthiness , an investor to asses earning capacity.