Acct5283_Chapter_01_Solutions

Acct5283_Chapter_01_Solutions - ACCT 5283 Chapter 1 Problem...

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ACCT 5283 – Chapter 1 Problem Solutions Exercise 1-1 1. Managerial accounting, financial accounting 2. Planning 3. directing and motivating 4. feedback 5. decentralization 6. line 7. staff 8. controller 9. budgets 10. performance report 11. Chief Financial Officer 12. precision; nonmonetary data
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Exercise 1-2 (20 minutes) 1. strategy 2. Six Sigma 3. business process 4. corporate governance 5. enterprise risk management 6. just-in-time 7. Internet 8. constraint 9. nonconstraint 10. value chain 11. enterprise system 12. supply chain management 13. lean thinking model; pulls 14. customer value proposition 15. budget 16. non-value-added activity 17. Theory of Constraints
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Problem 1-8 1. Line positions are in the direct chain of command and are directly responsible for the achievement of the basic objectives of an organization. These positions involve a direct relationship to the organization’s product or service. Staff positions are intended to provide expertise, advice, and
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Acct5283_Chapter_01_Solutions - ACCT 5283 Chapter 1 Problem...

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