1.Management of activities, businesses, or functional areas, which managers oversee and coordinate within the organization, requires _______ and ______information.

2.The _______considerations help managers make wise economic decisions by providing them with the desired information in an appropriate format and at the preferred frequency.

3._______ comprises taking actions that implement the planning decisions, deciding how to evaluate performance, and providing feedback to learn how to improve future decisions.

4.Many professional accounting organizations issue _______ to help their members reason through an appropriate response to an ethical issue.

5._______ measures, analyzes, and reports financial and nonfinancial information to internal managers who use it to choose, communicate, and implement strategy and operational changes.

6.The _______ approach should be used to make resource-allocation decisions. Resources should be spent if the expected benefits to the company exceed the expected costs.

7._______ specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives.

8._______ is the sequence of business functions in which customer usefulness is added to products or services.

9._______ is the voluntary integration by companies of social and environmental concerns into their business operation.

TERMS ^

timely	management accounting
ethical guidelines	cost-benefit
technical	control
value chain	reliable
corporate social responsibility	strategy