Questions
1) How can the information generated from an Activity-based management or activity based costing system be used by management?
2) Strategic Planning & Budgeting
• How strategic planning is related to budgeting?
• Distinguish between a tactical plan and a strategic plan. How are those plans related?
3) CVP
What is cost-volume-profit (CVP) analysis and how do companies use CVP information in decision making? Explain.
4) Ethical Issue
Discuss the potential ethical issues in the following:
• Classifying a salable product as "waste" and then selling that product "off the books" for the personal benefit of a manager.
5) Responsibility Reports
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?
6) Business Process Re-Engineering
What is business process reengineering? Does it lead to radical or modest changes in business practices? Discuss.
7) What is business process reengineering? Does it lead to radical or modest changes in business practices? Discuss.