Define efficiency and effectiveness and distinguish one from the other. Why is measuring the efficiency of discretionary

Question:

Define efficiency and effectiveness and distinguish one from the other. Why is measuring the efficiency of discretionary costs often difficult? Explain how the effectiveness of discretionary cost activities can be measured.

LO.1

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting Foundations And Evolutions

ISBN: 9780324235012

6th Edition

Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn

See More Books

Question Posted: Jun 27, 2024 02:18 AM

See More Questions

Tessa has recently inherited $5600, which she wants to deposit into a CD account. She has determined that her two best bets are an account that compounds monthly at an annual rate of 4.7% (Account 1)...
You were in an auto accident and are due $50,000 from the insurance company for the other person that hit you. They are going to pay you this amount in 5 years. What is the value of that money today...
Given the following cash flows: Year 0 = - 2 2 , 0 0 0 , year 1 = 6 , 5 0 0 , year 2 = 7 4 5 0 , year 3 = 6 8 5 0 , year four = 4 6 0 0 . What is the payback period?
Rewrite the following sentences to reflect your audiences viewpoint. 1. We request that you include the order number with your inquiry. 2. We insist that you always bring your credit card to the...
Using put call parity, given c = $2, PV(Div) = $1, p = $1, S = K = $100, r = 0.05 per year, and T = 0.25 years, can you make arbitrage profits?
Recognise the major ways in which HRM practice varies from country to country
Every touch point is considered, explains Stephanie Perdue, Taco Bells senior director of marketing, from the posters in the restaurants down to the packaging, and all of the different media...
What would happen to the NPV of the above project if the inflation rate was expected to be 4 percent in each of the next four years?
Mr. John old his private vehicle, but has not recorded anything about it in the business records. What type of accounting concept or convention it follows?
What types of discretionary costs are subject to control as engineered costs? Provide several examples. LO.1
Why is it often difficult to measure the output of activities funded by discre tionary costs? LO.1
Obtain the response x(t) of the following model, where the input P(t) is a rectangular pulse of height 3 and duration 5: 4+ x = P(t) x(0) = 0
The answer above is NOT correct. The value of (2x + 1)(x + x)dx is
Review the resource on organizational theory. Explore the various theories and select one to use for this Discussion. Consider the strengths and limitations of the chosen theory. Compose an analysis...
How do the locations of Australian department store Myer affect the ability of the other factors of the operating model canvas (suppliers, organization, processes, and information/management systems)...
Critical Reading Review: The Exclusion of Latinos from American Media and History Books Read the article. After reading the article, answer the following questions: 1. What purpose do you think the...
1. How does the proposed market segment of residential contracts differ from Smith Electric's current market segment? 2.What does a SWOT analysis tell us about Smith Electric's ability to enter a...
The information shown on the next page was taken from the annual manufacturing overhead cost budget of Bluford Company. Variable manufacturing overhead costs . $33,000 Fixed manufacturing overhead...
Refer to the data in QS 10-1. Based on financial considerations alone, should Helix accept this order at the special price? Explain.
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...

Define efficiency and effectiveness and distinguish one from the other. Why is measuring the efficiency of discretionary

Question:

Step by Step Answer:

Cost Accounting Foundations And Evolutions

Students also viewed these Business questions