Question 1: In the present highly competitive environment, why has cost management risen to such a high level of concern, where as price management has declined in importance?
Question 2: How strategic planning is related to budgeting?
Question 3: What is cost-volume-profit (CVP) analysis and how do companies use CVP information in decision making? Explain
Question 4: Why are responsibility reports prepared? Is it appropriate for a single responsibility report to be prepared for a division of a major company? Why or Why not?
Question 5: What is business process reengineering? Does it lead to radical or modest changes in business practices? Discuss
Question 6: What is business process reengineering? Does it lead to radical or modest changes in business practices? Discuss.