Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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what is tactical cost analysis? what steps in the tactical decision making model correspond to tactical cost analysis?
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- What is the difference between tactical and strategic decisions?arrow_forwardWhat does it mean to obtain a competitive advantage? What role does the cost management system play in helping to achieve this goal?arrow_forwardWhat are organizational and operational activities? Organizational cost drivers? Operational cost drivers?arrow_forward
- What is customer value? How is customer value related to a cost leadership strategy? To a differentiation strategy? To strategic positioning?arrow_forwardWhat is value-based management and how is it used?arrow_forwardwhat is the limitations of ratio analysis as a tool for strategic decision making?arrow_forward
- Which of the following costs is relevant for decision-making? A. Sunk cost B. Fixed cost C. Opportunity cost D. Historical costarrow_forwardA quantitative analysis enables a decision maker to put a “price” on the sum total of the qualitative characteristics in a decision situation. Explain this statement, and give an example.arrow_forwardWhat is kaizen costing? On which part of the value chain does kaizen costing focus?arrow_forward
- Explain how a manager can use CVP analysis to make decisions regarding changes in operations or pricing structure.arrow_forwardDiscuss how financial data prepared on the basis of variable costing can assist management in the development of short-run pricing policies.arrow_forwardWhich of the following is not a type of responsibility center? A. concentrated cost center B. investment center C. profit center D. cost centerarrow_forward
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