Explain, with supporting reasons in not more than 125 words, whether or not you agree with the following statements below:

Balanced Scorecard is a new approach to measure firms performance. It places more weight on the non-financial dimension (Management Accountant)

Target costing is an approach to better cope with cut throat competition and is a method of costing that sets a target price by adding a desired profit margin to actual cost. (Marketing Manager)

Corporate governance is only a buzz word and it is viewed more as compliance to the code of good practice as compared to how the company is actually managed and controlled. (External Auditor)

Auditors report is viewed as an essential endorsement of the company financial statements and could thus be relied upon by users of accounts. (Board of Directors)

Earnings management is viewed as an effective tool used by directors to window dress the financial statements to maintain the companys image. (Chairman)

Relevant costing principles attempt to recover all costs whether incurred or not while tendering for competitive bids. (Procurement Manager)

Provided that the special order price is large enough to cover the cost of production, the sale should be made. (Marketing Manager)

"Qualitative factors generally favour making over buying a component." (Production Manager)

Because we are a high-tech Medi-clinic we have a lot of fixed costs and thus our margin of safety is small. (Chief Accountant)

ZBB is more appropriate in a changing environment as compared to incremental budgeting approach. (Financial Controller)