1. Life-cycle costing approach is applicable to three main stages of activities for a manufacturing company. Identify the three stages; and in which stage do you think target costing is most applicable?

2. In discussing intrinsic and extrinsic rewards, do you believe that people value intrinsic rewards? Give an example of an intrinsic reward and explain why. What makes extrinsic rewards important to people? Explain why.

Please cite any resources used in determining the answer