otázka |
odpověď |
začněte se učit
|
|
First: Determine Organization’s First: Determine Organization’s Competitive Environment and Strategy; Second: Specify the Criteria and Identify the Alternative Actions; Third: Relevant Cost Analysis and Strategic Analysis; Fourth: Select and Implement a Course of Action; Fifth: Evaluate Performance
|
|
|
začněte se učit
|
|
a future cost that differs between the decision alternatives
|
|
|
Features of relevant cost začněte se učit
|
|
Both characteristics must be present for a cost to be relevant; Relevant costs can be variable or fixed, but variable costs are generally relevant while fixed costs are not; Relevant cost analysis and total cost analysis produce the same results
|
|
|
začněte se učit
|
|
is a cost that has been incurred in the past or committed for the future
|
|
|
začněte se učit
|
|
the benefit lost when one chosen option precludes the benefits from an alternative option, should also be considered in the analysis of alternative options
|
|
|
When depreciation is included in the relevant cost? začněte se učit
|
|
when considering tax implications
|
|
|
When time value of money is relevant? začněte se učit
|
|
When deciding among alternatives with cash flows over two or more years
|
|
|
Importance of qualitative factors začněte se učit
|
|
Differences in quality; Functionality; Timeliness of delivery; Reliability in shipping; After-sale service level
|
|
|
What are the features of Relevant Cost Analysis? začněte se učit
|
|
short-term focus, not linked to a strategy, product cost focus, focused on individual decision
|
|
|
What are the features of strategic analysis? začněte se učit
|
|
long-term focus, linked to the firm's strategy, customer focus, considers all customer factors
|
|
|
This decision framework can be used to address common management decisions such as: začněte se učit
|
|
The special-order decision; The make-lease-or-buy decision; The decision to sell before or after additional processing; The short-term product-mix decision; Profitability analysis
|
|
|
What is special-order decision? začněte se učit
|
|
when a firm has a one-time opportunity to sell a specified quantity of its product or service; these orders are generally non-recurring
|
|
|
What would happen if X were producing near full capacity? začněte se učit
|
|
it would have to consider opportunity costs
|
|
|
What would happen if Special order decisions were on the regular basis? začněte se učit
|
|
|
|
|
Lease cost is the same as...? začněte se učit
|
|
|
|
|
Profitability analysis addresses issues such as: začněte se učit
|
|
Which product lines are most profitable?; Are the products priced properly?; Which products should be promoted and advertised more aggressively?; Which product-line managers should be rewarded?; Which product-line managers should be rewarded?;
|
|
|
What should be the management's goal? začněte se učit
|
|
To maximize contribution margin while minimizing fixed costs
|
|
|
What should be managers careful about? začněte se učit
|
|
Managers must be careful not to include irrelevant, including sunk, costs in their decision making; When fixed costs are shown as cost per unit, many managers tend to improperly classify them as relevant
|
|
|