COST ACCOUNTING
COST MANAGEMENT SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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this allows them to employ and benefit from enterprise management systems.
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there are relatively few product variations across different countries.
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this produces favorable customs rates and import duties.
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manufacturers around the world adopt lean manufacturing methods to bring their costs down.
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Detailed explanation-1: -Firms that want to grow quickly in the global marketplace often employ the cost leadership strategy because: Manufacturers around the world adopt lean manufacturing methods to bring their costs down. There are relatively few product variations across different countries.
Detailed explanation-2: -Which of the following professional certificates is considered to be the most relevant for dealing with cost management issues? The CMA, which is administered through the Institute of Management Accountants.
Detailed explanation-3: -Managerial accounting involves the presentation of financial information for internal purposes to be used by management in making key business decisions.
Detailed explanation-4: -Which of the following types of organizations can most benefit from value chain analysis? All types of organizations can benefit from value chain analysis. Sustainability is the balancing of short and long term goals in all three dimensions of the company’s performance.
Detailed explanation-5: -Which of the following is a contemporary management technique used by the management accountant to identify and monitor the costs of a product throughout all steps from product design to the finished product? Life cycle costing.