managerial accounting number 3-6

DISCUSSION QUESTIONS 1. What is the most important reason for an organization to use enterprise risk management? 2. What is the difference between inherent risk and residual risk? 3. Why should the incremental cost of a risk response alternative be considered when deciding how best to respond to an important risk? 4. How is business sustainability different from environmental sustainability? 5. Explain how performance measurement can help improve an organization's business sustainability efforts. 6. Identify and discuss the four kinds of quality costs. 7. Discuss the benefits of quality cost reports that simply list the quality costs for each category. 8. What is a focused value stream? 9. Why are units shipped used to calculate the value-stream cost? 10. When will the average unit cost be used for value streams? 11. How do international issues affect the role of the management accountant? 12. What is a foreign trade zone, and what advantages does it offer U.S. companies? 13. Define outsourcing, and discuss why companies may outsource various functions. 14. Define forensic accounting. 15. Define the fraud triangle