Extra Questions Flashcards
(8 cards)
Cost Management Information
Is developed and used to Implement Organizations Straagy
Cost Management
is the development and use of cost management Information
Management Accounting
Is a profession that involves partnering in Managment decision making, devising planning, and performance management systems and providing advice…
Stategic management
Is the development and implementation of a sustainable competitive postistion
Operation control
takes place when mid-level managers monitor the activities of operating level managers and emplyees
Activity analysis
is used to develope adetailed describtion of the specific activities performed in a firms operations
Activity based costing
used to improve the accuracy of cost analysis by improving the tracing of costs to products
Target costing
determins the desired cost ofr a product on the basis of a given competitive price so that the product will earn a desired profit
