A government is trying to assess schools by using a range of financial and non-financial factors. One of the chosen methods is the percentage of students passing five exams or more. Show Which of the three Es in the value for money framework is being measured here? The following statements have been made about measuring performance in not-for-profit organisations: (1) Output does not usually have a market
value, and it is therefore more difficult to measure effectiveness. (2) Control over the performance can only be satisfactorily achieved by assessments of ‘value for money’. Which of the above statements is/are true? The senior manager is suspicious of a local manager’s accounts and thinks that the profit performance may have been overstated. Which of the following would be a plausible
explanation of an overstatement of profit? A Delaying payments to payables B Shortening the useful economic life of a non-current asset C Overstatement of a prepayment D Overstatement of an accrual Which of the following statements regarding standard setting is correct? A Imposed standards are more likely to be achieved B Managers across the organisation should be targeted using the same standards C Standards should be set at an ideal level with no built in stretch D Participation in standard setting is more motivating than where standards are imposed When setting performance measurement targets it should be considered that
there is the possibility that managers will take a short term view of the company and may even be tempted to manipulate results in order to achieve their targets. Which of the following would assist in overcoming the problems of short-termism and manipulation of results? A Rewards should be linked to a wider variety of performance measures including some nonfinancial measures B Managers should only be rewarded for the results achieved in their own departments C Any capital investment decision should be judged using the payback method of investment appraisal D Setting targets involving the overall performance of the company will be more motivating for managers 15.Which of the following statements regarding product life cycle and profitability is true?a. Profit is highest in the growth life cycle phase because the product is new and unique.b. Profit is lowest in the growth stage of the life cycle because costs are so high.c. Profit is at its greatest in the decline stage of the product life cycle.d. Breakeven is attained in the growth stage of the product life cycle.e. Cash flow turns positive in the maturity phase. 16.The analysis tool that helps determine what products to develop, and by what strategy, by listingproducts in descending order of their individual dollar contribution to the firm is Get answer to your question and much more 17. Which of the following represent an opportunity for generating a new product? Get answer to your question and much more
18. Quality function deployment (QFD) Get answer to your question and much more 19. Which of the following is true regarding computer-aided design?a.It is too expensive to use in most manufacturing and design settings.b.It is an old technology, no longer in significant use.c.It results in longer development cycles for virtually all products.d.It is the use of computers to interactively design products and prepare engineering documentation.e.All of the above are true. 20. An operations manager's ethical responsibilities Get answer to your question and much more 21. Which of the following is an example of an external product development strategy? Get answer to your question and much more What is life cycle costing of a product?Product lifecycle costing is the accumulation of a product's costs over its whole life, from inception to abandonment. The typical stages of a product's whole life are: Introduction. Growth. Maturity.
Which of the following costs are not considered in a differential analysis for decision making?Which of the following costs are not considered in a differential analysis for a make-or-buy decision? Fixed overhead that will continue if the item is purchased.
What is the difference between life cycle costing and traditional costing system?Traditional costing and life cycle costing both are useful for the organisation. (1) Traditional system of cost accounting declares costs and profit for a particular basis such as monthly, quarterly and annually. But under life cycle costing system cost and revenue of a product is shown for several calendar periods.
What is life cycle cost accounting?Life cycle costing is a method of adding up all the costs associated with an asset starting from its initial cost to its end of life. It does not take into account the salvage value or residual value of the asset. Life cycle costing provides an estimate of the cost that an asset will incur in its lifetime.
|
Which of the following statements regarding life-cycle product costing and pricing is not correct?
zusammenhängende Posts
Urheberrechte © © 2024 defrojeostern Inc.
