Question: all please 1. A strategy: a. Is not communicated to employees. b. C. Outlines how a certain manufacturing problem will be solved with the organization.
1. A strategy: a. Is not communicated to employees. b. C. Outlines how a certain manufacturing problem will be solved with the organization. Specifies how an organization plans to accomplishes goals long term. Is not necessary to develop for an organization. d. 2. There are two main types of strategy, what are they? a. Cost leadership, or value leadership Poor leadership, or best leadership b. Appropriate leadership, or substitute leadership Selling leadership, or buying leadership d. 3. Management accounting must adhere to specific standards (either ASPE or IFRS) a. True b. False 4. Cost management includes: the a. Identifying, reporting and analyzing all costs of operations. b. Management decisions ranging from the quantity to quality of materials. c. Deciding weather or not to shut down an operation, or the entire business. d. All of the above. 5. Value is what the customer is willing to pay for. Customers expecting high value expect high quality. a. Yes b. No 6. Is there a trade-off (aka selecting one item over another) between the cost to track every process of ABC Co's new product line, and its potential benefits (information affecting how ABC Co. can increase pricing and profit)? a. Yes b. No
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