The reduction in profit arising from the actions of managers being self-serving or possible conflict of interest can best be attributed to............. • A. Agency cost • B. Tangible expense • C. Agency theory • D. Agency problem

Q: Which is NOT included as concept or aspect of management? a. It is concerned with all kinds of…

A: Correct answer is option (d) It applies only to top level management.

Q: THE MAIN DIFFERENCE BETWEEN EX-ANTE AND EX-POST ECONOMIC PROFIT a. Representing the opportunity…

A: b. is called the hold-up problem

Q: performance measures?

A: A good performance measure should have following qualities -  Provide a reasonable incentive to the…

Q: True or False Cost and managerial accounting are not the same things

A: Cost accounting is the process of accounting and controlling the cost of a product,operation or…

Q: A profit center manager often also supervises revenue and cost center managers. True or False True…

A: Solution 1: True, A profit center manager often also supervise revenue and cost center manager…

Q: Which of the following is NOT true about the cause-and-effect criterion when estimating a cost…

A: The cause and effect analysis is one of the factors for making cost allocation decisions. The cost…

Q: Question: Explain how a CVP analysis would be useful for determining whether or not the investment…

A: References Drury, C. (2018). Management and Cost Accounting (10th ed.). Cengage Learning. Garrison,…

Q: Which of the following is NOT one of the limitations of Management Accounting? Select one: a. Lack…

A: Management accounting is one form or branch of accounting which says that management takes decisions…

Q: Why can full cost accounting lead to wrong management decisions?

A: Full cost accounting says that total costs of the product either it is fixed costs or it is variable…

Q: Evaluate the following statement: Do the ends of positive organizational consequences justify the…

A: Earning management is an accounting device that is used to produce the economic statements showing…

Q: What of the following is NOT a Benefit of Activity Based Management? a.It assists in the budgeting…

A: Introduction:- Activity Based Management analyzing a company's business activities through…

Q: In Management Accounting, what is the transfer price? What three areas does transfer price affect in…

A: SOLUTION- TRANSFER PRICE- IT IS THE PRICE THAT RELATED PARTIES CHARGED TO EACH OTHER. ON THE OTHER…

Q: Define the term gross profit margin. Explain several waysin which management might improve a…

A: Gross profit: It can be defined as the excess of a company's net sales revenue over its cost of…

Q: what differentiates a superior investment manager from an inferior one?

A: 1. Superior investment managers are having a better degree of control over their emptions in…

Q: Examine the following options which explain the objective of financial statements? a. They assist…

A: Financial statements are the reports or statements that are being prepared by an entity at the end…

Q: Responsibility centers typically involve cost, profit, and investment centers. What is the basic…

A: A responsibility center is a functional entity within a company with its own aims and objectives,…

Q: Public goods have the following characteristics Orivaled Oexcludable Onon-excludable Olow social…

A: Different type of goods provide different economic benefit and private and public goods and to the…

Q: responsibility centers have accountability for revenues

A: First option is wrong because although investment center has accountability for revenues, cost…

Q: PAT assumes that managers behave in an efficient manner a. non b. False c. True d. depends on the…

A: Positive accounting theory states what will be the impact of new actions which firms choose in…

Q: 7- A profit centre is a centre. a. which is concerned with increasing cost b. which manages cost c.…

A: The following are the various types of responsibility centres that are used for better management of…

Q: Instructions:  Designate the best answer for each of the following questions. 1.Which of the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: There is .... relationship between conservatism as accounting value and individualism as a culture…

A: The question is related to conservatism as accounting value and individual as culture values both…

Q: Theory suggests a person perceives that one's contribution to the job is rewarded in the same…

A: A theory  that suggests a person  perceives that  one contribution  to the job is rewarded  in the…

Q: Which of the following measures both efficiency and effectiveness? O a social responsibility Ob…

A: Efficiency and effectiveness are the elements of any work to be done and both these components go…

Q: Which one of the following is related to the decision making function of management: a. None of the…

A: The correct answer is option  b. Choosing among alternatives

Q: Why might a manager focused solely on accounting numbers miss opportunities for future benefits?

A: The accounting manager oversees the accountant. Create systems and processes for analyzing and…

Q: Identify and discuss arguments that individual product managers may put forward to support their…

A: Preferred Revenue Allocation method is a revenue allocation method in which managers in charge of…

Q: None

A: Responsibility Accounting is a branch of accounting which states that the staff members of an…

Q: Any situation where a potential conflict can arise between the firm's owners and its managers is…

A: Variable in the question:Any situation where a potential conflict can arise between the firm's…

Q: agency costs may occur if  A. Managers make decisions for their own best interest  B. Managers may…

A: Agency costs refer to the expenses incurred by a principal-agent relationship due to conflicts of…

Q: ng does not describe a management control system? OA. A system that only measures profitability…

A: As we know that , a management control system (MCS) is a system which collects and uses information…

Q: Equal distribution

A: Equal distribution of profits and losses recognize disparity in capital contribution, time and…

Q: Both financial and nonfinancial performance measures are key inputs when evaluating the performance…

A: INFORMATION:- Evaluating the performance of managers is essential to ensure that an organization…

Q: Maximizing revenue should be the goal of the firm Select one: a. True b. False

A: Each and every business exists to earn the profit.

Q: Agency theory suggests that one way to motivate managers to act in the best interests of the…

A: Here discuss about the details of the agency theory which act against disputes and problems which…

Q: a cost that is irrelevant when making managerial decision O fixed cost O opportunity cost O…

A: Cost means the amount spent on doing some business or activity.