1.

Give examples of the strengths and weaknesses inherent in using standardsfor planning, controlling, and decision making. How do standards relate to overall cost management?

2

What is a Balanced Scorecard? Of the four perspectives that this concept introduces, do you think one of the perspectives is more crucial than another? Does it depend on the company in particular? Give an example of how this analysis can benefit a company.

Be sure to cite your sources in APA format and include appropriate library website or document number.

3

This week we discuss quality costs such as prevention costs, detection costs, internal failure costs and external failure costs. Of these, which do you think is most important to focus on? Is there an ethical responsibility held by companies to focus on external failure costs?