ESSAY. Write your answer in the space provided or on a separate sheet of paper. 22) Ralph Company has been very aggressive in developing various types of financial and nonfinancial measurement schemes to help with the evaluation of its manufacturing processes. It appears that some of the managers are suboptimizing in that their decision processes are geared solely for their department's benefit, sometimes to the detriment of the organization as a whole. Required: What changes in the evaluation system could the company implement to help minimize the suboptimization of the managers' decision-making process?
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- As manager of department B in MarIeys Manufacturing, based on the costs you identified in the previous exercise for further research, how does this impact the financial performance of your department, and what might be some questions you want to ask or solutions you might propose to Marleys management?Which of the following is a primary aspect of the evaluating function within an organization? comparing actual results against expected results for products, departments, divisions, or the company as a whole reviewing only the quantitative or financial results of the company setting goals putting controls in place for the upcoming yearWhat should an organization do if performance measures change? A. Make sure that the manager being evaluated is aware of the measurement change, as this may affect his or her decision-making. B. Make sure that the manager benefits without the corporation also benefitting. C. Make sure that there are significant overriding opportunities for each manager, if the manager is unaware of the change. D. Obtain customer surveys on the change before communicating the change to the manager.
- 10. Which of the following correctly describes the support activities of the value chain? The firm infrastructure includes accountants in the auditing service line of an accounting firm. Technological development includes gathering technical knowledge, hardware and software necessary for the improved operations of the other activities in the value chain. The procurement activity focuses on undertaking supplier background checks and negotiating prices. The human resource department is solely in charge of the number of employees to hire and the pay which those employees will be receiving. 11. Aling Rosa is a sari-sari store owner. Along the street where she operates her store, there are three other stores offering similar products at similar prices. What should she do to allow her business to thrive in the next three to five years? Determine whether building good supplier relations will allow her to lower costs, and therefore provide lower prices. Determine whether selling hard-to-get…BrightenUp Corp. uses a set of quantitative tools to assess employee data such as performance, compensation, designations, and benefits. This is done to arrive at decisions based on accurate findings from analyses that can help the firm achieve its goals. BrightenUp is engaging in the practice of\\n\\nQuestion 1 options:\\n\\ntraining and development.\\n\\njob design.\\n\\nemployee relations.\\n\\ntalent management.\\n\\nworkforce analytics.D. The Hilal Company uses a responsibility reporting system to measure the performance of its three investment centers: A, B, and C. Segment performance is measured using a system of responsibility reports and return on investment calculations. The allocation of resources within the company and the segment managers' bonuses are based in part on the results shown in these reports. Recently, the company was the victim of a computer virus that deleted portions of the company's accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows. A Service revenue 24 $450,000 $ ? Variable costs 5,000,000 320,000 Contribution margin 180,000 380,000 Controllable fixed costs 1,500,000 Controllable margin 70,000 176,000 Average operating assets 25,000,000 1,600,000 Return on investment 12% 10% Instructions Determine the missing pieces of information above.
- Answer the following questions: How various types of incremental analysis help management to make an effective decision? What is the relationship between the opportunity cost and rational decision making? Describe the effectiveness and prospect of incremental analysis in the context of ethical organization that ties with management accounting. Describe the effectiveness of incremental analysis in terms of making decision. What are the prospects of incremental analysis in the ethical manufacturing organization? How the concept of incremental analysis is relevant in the context of management accounting?d) Discuss how allocation of customer-related overhead cost can lead to better decision making within firms with reference to the case below. 'An insurance company, A-Insure Limited, decided to use CPA to identify profitable and non-profitable customers after it grew concerned about the poor financial performance of one of its policy options. A-Insure collected customer data through original policy proposal forms which were stored electronically in a customer database. It was able to conduct a complex cross correlation between known cost drivers and the demographic and other characteristics of policy holders. The cost drivers were: • commission payments to financial advisers who sold the policy early surrender of the policy by the policy holder changing of bank details and consequent chasing of missed premiums responding to customer queries. The analysis identified that the policy was unprofitable when sold to recently retired clients but was profitable when sold to other client…In managerial decision-making, a company must collect relevant information to use in the evaluation process. Some of this information may relate to non-financial issues. All the following relate to non-financial information, except for: Multiple Choice Environmental effects. Potential sales. Competition with a customer. Compliance with the law. Availability of credit.
- Ms. Asma is a department head. She is looking into her team structures and ways to re-structure them. She is considering a self-managed team structure. She wants to ensure that self- managed teams in her department are effective. What would you recommend? Select one: O a. Make sure a team's work is sufficiently complex so that it entails a number of different steps or procedures that must be performed and results in some kind of finished product. O b. All of the mentioned. O c. Give teams enough responsibility and autonomy and refrain from telling the team members what to do or solve problems for them. O d. Analyze what training team members may need, and provide it. O e. Realize that her role with self- managed teams calls for guidance, coaching and supporting.Consider the following series of independent situations in which a firm is about to make a strategic decision. LOADING... (Click the icon to view the decisions.) Requirements 1. For each decision, state whether the company is following a cost leadership or a product differentiation strategy. 2. For each decision, select what information the managerial accountant can provide about the source of competitive advantage for these firms. Requirement 1. For each decision, state whether the company is following a cost leadership or a product differentiation strategy. Decisions a. A running shoe manufacturer is weighing whether to purchase leather from a cheaper supplier in order to compete with lower-priced competitors. ▼ b. An office supply store is considering adding a delivery service that its competitors do not have. ▼ cost leadership strategy product differentiation strategy c. A regional retailer is deciding…1. Why should it matter to adopt this concept of Integrated Reporting <IR> into the corporate reporting practice when both the financial and sustainability reports are already in practice? 2. Shouldn't this be a waste of managerial effort? Or a duplication of efforts? 3. How do you relate the idea of integrated thinking into your personal academic learning habits in relation to the creation of a valuable result overtime. 4.Aren't we being too restrictive on focusing only on the numerical results of not just the financial reports in the perspective of business as well as to our personal lives? What should we therefore need to do to deviate from such a tradition practice or perception.