While doing resource smoothing, the start of noncritical activities are delayed beyond their latest start times (but not beyond their earliest start times) in order to maintain a uniform level of required resources. True False

Q: The cost of maintaining records of Information is an example of cost. Internal failure costa Extemal…

A: Internal Failure Costs- Internal failure costs refers to the cost of product or service which is not…

Q: Properly designed management control systems have both fixed compensation and contingent…

A: Properly designed management control systems typically include both fixed compensation and…

Q: Explain how the activity resource usage model is used in assessing relevancy.

A: Decision making is an important component of every single business. The end results of the…

Q: “The inspection point is the key to the allocation of spoilage costs.” Do you agree? Explain.

A: Spoilage: Spoilage is the defective item at intermediate or final stage. The spoilage goods cannot…

Q: Describe the procedure of handling unequal service life problems in Replacement Analysis?

A: Answer: While undertaking the replacement decisions, businesses also consider various alternatives.…

Q: Explain briefly what the EOQ model is andhow it can be used to help establish an optimalinventory…

A: Economic Order Quantity (EOQ) Model It is a method of inventory costing that aims to identify the…

Q: Possible terms: Activity-Based Costing Appraisal or Inspection Costs Batch-Level Activities…

A:

Q: why do managers use IRR for strategic decison more than NPV?

A: Capital Budgeting tools and techniques help managers appraise investment opportunities.  It is…

Q: Allocating common costs to individual segments does not make the allocated amount avoidable in the…

A: Allocating common costs to individual segments does not make the allocated amount avoidable in the…

Q: Which one of the following techniques would most likely be used to analyze reductions in the time…

A: Learning curve is a graphical representation that reports the relationship between cost and the…

Q: Why is it important to distinguish flexible and committed resources?

A: The economic elements that allow one to perform activities are referred to as the resources.…

Q: An analysis of what happens to the estimate of net present value when only one input variable is…

A: Net Present Value: It is the present worth of future cash flows and the initial cost of the project.…

Q: What type of Risks are exists in the conversion cycle?

A: Cash conversion cycle (CCC) CCC is a tool for tracking the time the company spends to get the cash…

Q: Replacement cost represents the current cost to replace the assets at the current level of service…

A: Replacement cost refers to the cost that would be incurred to replace an asset with an identical or…

Q: Which of the following is false? O In an activity on node (AON) network diagram, the arrows…

A: Activity on node: When it comes to project management, the phrase "activity-on-node" refers to the…

Q: Process value analysis is the examination, quantification, and explanation of the effects of cost…

A: Process Value Analysis: Process value analysis involves a critical analysis of all the processes…

Q: Explain the term Flaws in Project Ranking by IRR?

A: Answer: IRR is nothing but an internal rate of return; it is the rate of discount which makes a…

Q: e difference between static and tactic asset allocation

A: Asset allocation is very important in the performance of fund manager and fund itself so proper…

Q: The theory of constraints suggests that the improvement efforts should usually be focused on: a.…

A: Lets start with understanding of meaning theory of constraint. Theory of constraint find out the…

Q: Define the term accelerated cost recovery system (AC RS)?

A: The AC RS is a method of depreciation. It is used for depreciating the property for tax purposes

Q: Why is the reporting of segment information required? Justify your response. Why is the reporting of…

A: Segment reporting deals with in-detail segment-wise financial reporting in the financial statements…

Q: How can Replacement Analysisbe used when the Required Service Period Is Long?

A: Replacement analysis tells a company about the replacement time of an asset. The asset gets obsolete…

Q: What is modified accelerated cost recovery system (MACRS)?

A: Any fixed asset purchased has a fixed life throughout which it has to be used. Over the course of…

Q: What should be done with any activities that remain incomplete at the time of project closure? Oa…

A: Project closure is the final phase of a project lifecycle, where the project is formally completed,…

Q: Operational risks may result from breakdowns in ______ procedures, people and systems as opposed to…

A: Operational risks Operational risks are referred to as that risk that includes errors because of the…

Q: An example of activity capacity that is acquired but not used and will not provide future benefits…

A: The question is asking for an example of a type of capacity that a company might acquire but not…

Q: The correction of errors is the situation that creates prior period adjustments. Explain what are…

A: Prior period adjustments:   The corrections or adjustments that are made to the current year…

Q: Cost allocation bases are ideally based on a cause and effect basis. That is not always easy when…

A: Cost allocation is the process of assigning or distributing a company's indirect costs to various…

Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.