Which one of the following statements is false?
a. Gap analysis analyzes how well the company uses "General Accounting Principles".
b. Gap analysis compares the current cost management system (CMS) to the proposed CMS.
c. Technology has a significant impact on CMS.
d. Top management can prioritize which gap issues should be addressed and in what order.
a
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Which three important concepts are covered by EEO laws? Briefly explain each.
What will be an ideal response?
When a company's culture is out of sync with what is needed for strategic success and good strategy execution
A. company personnel need to cling to familiar practices, be wary of change, and blame top management for any shortfalls in performance. B. management needs to go on the offensive to reinterpret the culture and explain to company personnel why there really is good overall cultural fit with the strategy. C. management must sanction any company personnel who refuse to participate in an all-out effort to create a different portfolio of competencies and capabilities that will permit the strategy to be changed in ways that will fit the culture. D. the strategy has to be changed as rapidly as possible to regain harmony with cultural norms. E. any unhealthy or dysfunctional cultural traits must be changed as fast as possible and management needs to be aggressively striving to ingrain new behaviors and work practices that will enable first-rate strategy execution.
Jim operates his business on the accrual method and this year he received $4,000 for services that he intends to provide to his clients next year. Under what circumstances can Jim defer the recognition of the $4,000 of income until next year?
A. Jim can defer the recognition of the income if he has requested that the client not pay for the services until the services are provided. B. Jim can defer the recognition of the income if he absolutely promises not to provide the services until next year. C. Jim can never defer the recognition of the prepayments of income. D. Jim can elect to defer the recognition of the income if the income is not recognized for financial accounting purposes. E. Jim must defer the recognition of the income until the income is earned.
The weekly demand for a particular automobile manufacturer follows a normal distribution with a mean of 40,000 cars and a standard deviation of 10,000. Below you will find probability and percentile calculations related to the customer purchase amounts. Use this information to answer the following questions.Probability CalculationsP(Sales < 2,000,000) = 0.134, P(Sales < 2,050,000) = 0.339P(Sales < 2,100,000) = 0.609, P(Sales < 2,150,000) = 0.834Percentiles Calculations1st percentile = 1,912,245, 5th percentile = 1,961,38895th percentile = 2,198,612, 99th percentile = 2,247,755 What number of cars, equidistant from the mean, such that 98% of car sales are between these values?
What will be an ideal response?