Questions from Cost Accounting

Q: Why is performance measurement an important component of a management control system

Why is performance measurement an important component of a management control system in a decentralized organization?

Q: What are the advantages of decentralization? What are some major disadvantages

What are the advantages of decentralization? What are some major disadvantages of decentralization?

Q: A business school dean asks you for help in understanding the school’s

A business school dean asks you for help in understanding the school’s inability to meet its budget. What are some of the variances you think might be important to consider? Why?

Q: What does dysfunctional decision making refer to?

What does dysfunctional decision making refer to?

Q: What are the three elements of a management control system?

What are the three elements of a management control system?

Q: Consider a firm in the “sharing economy,” such as Uber

Consider a firm in the “sharing economy,” such as Uber, Lyft, or Airbnb. Do you think they would benefit by computing and evaluating (1) market share and industry volume variances; (2) sales mix and s...

Q: Consider the Business Application “Changes in Bank Distribution Channels—a

Consider the Business Application “Changes in Bank Distribution Channels—a Mix Variance Interpretation.” In what ways would the mix variance described there be similar to the sales mix and production...

Q: Consider a locally owned coffee shop, a Starbucks store, and

Consider a locally owned coffee shop, a Starbucks store, and a retail gas station that offers fresh coffee in its convenience stores. Characterize these stores according to the Porter strategy framewo...

Q: Consider the Business Application “A New Strategy for an Old Business

Consider the Business Application “A New Strategy for an Old Business.” Prior to the internet, the The New York Times (and other papers) offered news, a crossword puzzle, recipes, and so on. They are...

Q: Consider a class you are taking (perhaps cost accounting) or

Consider a class you are taking (perhaps cost accounting) or have taken in the past. Was your evaluation based on a single measure of performance (a final exam, for example) or did the instructor use...