Explain the meaning of the following terms and how they are measured and comment on their use in the context of organizational management.

a. Standard costing system

b. balance scorecard approach

c. divisional performance management

(30 marks)

you should include critical evaluation of the models and concepts proposed outlining their merits and limitations. You may incorporate logical assumptions with regard to the company and use numerical examples to illustrate the models and concepts that you propose to adopt

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