What management does, or at least what it attempts to do, is to control the action of
Question:
“What management does, or at least what it attempts to do, is to control the action of the people who are responsible for incurring costs.” Comment.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The statement accurately reflects a fundamental principle of management especially in the context of cost control and cost management Lets break down ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Management Accounting Text Problems And Cases
ISBN: 9781259026683
6th Edition
Authors: M Y Khan, P K Jain
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The following appliances are connected to a single 120 V, 15 A circuit in a kitchen: a 330 W blender, a 1000 W coffeepot, a 150 W coffee grinder, and a 750 W microwave oven. If these are all turned...
-
Explain the integration of the gift and estate taxes.
-
In response to Chos question regarding an increase in unit sales above 2009 unit sales levels, it is most likely that 4Gs net income will increase at: A. a slower rate than Qphones. B. the same rate...
-
People need medications, but the poor often cannot afford them. Governments may not provide subsidies for health care and medications. Meanwhile, biopharmaceutical firms focus their R&D on compounds...
-
Madison Thorne works in a public accounting firm and hopes to eventually be a partner. The management of Allnet Company invites Thorne to prepare a bid to audit Allnets financial statements. In...
-
Chapter 1 Assignment i Saved Help Save & Exit Submit Check my work 5 ITIL wu. 1-143 DIUE ri >LAI LEU LIC Current yea Willia)... Blue Fin started the current year with assets of $713,000, liabilities...
-
An important management function is that of assuring that activities of members of the organisation help to accomplish the organisations goals.
-
In addition to full cost accounting and differential accounting, a third type of accounting information is used in the management control process. (Anthony and Reece). What is this third type of...
-
Sketch the graph of each equation in Problems 3-30. \(y=\frac{1}{2} x^{2}\)
-
Suppose that your credit card activity for December looked like this: Date Activity December 5 $384 purchase December 11 $347 purchase December 16 $174 purchase December 21 $480 purchase December 25...
-
A research group surveyed 300 students. The students were asked how often they go to the movies and whether they prefer comedies or dramas. Their responses are summarized in the following table....
-
C. Prove the following (you can use any formal induction/other theoretical method, "A" means power here): i. ii. iii. What is the time complexity recurrence relation for Fibonacci numbers? Explain it...
-
You and your partner run a small business together, with separate work roles. You are responsible for the business budget and have researched an improved budget process which you felt needs to be...
-
The actual selling expenses incurred in March 2022 by Carla Vista Company are as follows: Variable Expenses Fixed Expenses Sales commissions Advertising $14,576 Sales salaries $34,700 12.174...
-
The National Football League (NFL) is arguably the most successful professional sports league in the United States. Following the recent season, the commissioners office staff performed an analysis...
-
During the month, services performed for customers on account amounted to $7,500 and collections from customers in payment of their accounts totaled $6,000. At the end of the month, the Accounts...
-
Give an example of how a firm has used information technology to improve its marketing implementation and do a better job of meeting your needs.
-
Should marketing managers leave it to the accountants to develop reports that the marketing manager will use to improve implementation and control? Why or why not?
-
Various breakdowns can be used for sales analysis depending on the nature of the company and its products. Describe a situation (one for each) where each of the fol lowing brea k downs would yield...
-
Which of the following statements regarding traditional cost accounting systems is false? a. Products are often over or under cost in traditional cost accounting systems. b. Most traditional cost...
-
Bart is a college student. Since his plan is to get a job immediately after graduation, he determines that he will need about $250,000 in life insurance to provide for his future wife and children...
-
Reporting Financial Statement Effects of Bond Transactions (please show me how you got the answers) Lundholm, Inc., which reports financial statements each December 31, is authorized to issue...
Study smarter with the SolutionInn App