Activity-based costing systems are greater correct than conventional costing structures. this is because they provide an extra specific breakdown of indirect prices.
Activity-based totally costing offers a greater correct approach to product/carrier costing, main to more accurate pricing decisions. It increases expertise of overheads and price drivers; and makes highly-priced and non-cost including sports greater visible, permitting managers to lessen or dispose of them.
There are pros and cons to both the traditional and the Activity-based costing gadgets. One gain of the ABC gadget is that it provides extra correct records on the charges to manufacture products, but it does not show up on the monetary statements.
The primary purpose of the usage of the activity-primarily based costing method is to increase the profitability and standard performance of a corporation. The Activity-based costing approach does this by identifying correct overhead fees and cost drivers main to extra streamlined enterprise procedures.
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Answer:
<em>Supports promotional efforts by generating free media attention and goodwill.</em>
Explanation:
The role of public relations in an organization is to fit and influence the relationships between an institution and society. Through interpersonal skills and marketing tools, public relations are responsible for effective communication between the public and the organization, minimizing conflicts and ethical and legal barriers that may exist, so that they have a positive influence on the products. and services of an organization to the society in which it operates.
Answer:
Option 2, laying off some workforce will have the lowest initial cost.
Explanation:
In option 1 if an organization is going to replace existing equipment with the new machines there is a definitely high cost involved in it because we do know that modern and newer machines costs more.
In option 3, if we go for lower-grade quality, we may face lost sales, or sales return which will add up to our cost.
However, if we go for option 2. there is no upfront cost involved in this decision but rather our cost is saved.
Thus the organization must opt for the 2nd option in order to find the lowest initial cost.
Answer:
a. middle manager.
Explanation:
In this scenario, Bobby is the plant manager of one of the three manufacturing plants of a paper manufacturing company. He is responsible for synching the processes of his plant with the standards set at the company's headquarters. He sends weekly updates of raw material requirements to the purchase division at the headquarters. He also connects the company's human resources department with the employees who work in his plant. In this scenario, Bobby is most likely a middle manager.
A middle manager refers to an individual who acts as an intermediary between the executive management and the employee working with the company.
Answer:
not acting unethically
Explanation:
Ethical conduct appears to have been good for the company and includes showing some respect for key moral values including sincerity, impartiality, equal rights, integrity, uniqueness and personal rights.
Both in personal relationships or professional relationships ethical practices can be established. The definition can be extended as entities also to corporations. This assesses the moral consequences of measures taken for each of the above listed circumstances.
