What part do management accountants play in Statement of Ethical Professional Practice?
What will be an ideal response?
Answers will vary
Management accountants are the guardians of the information used to report on the financial condition of their companies. They prepare and analyze the information used by the board of directors and management to formulate the company's strategy. As such, they constitute the "intelligence" function of Statement of Ethical Professional Practice.
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Indicate whether the statement is true or false.
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a) best-ratio b) black and white c) absolute accountability d) behavioristic
What are the major components of a media plan? What factors must be considered as the media plan is implemented?
What will be an ideal response?
Stump's Hot Olives are manufactured by a family business in Wisconsin and are sold in Midwestern grocery stores, through mail order, and to a few local restaurants. The company has been in operation since 1998 and relies on labor from family and friends to produce and package olives in attractive, reusable glass containers. They use store demonstrations to introduce their spicy olives to new customers. Discuss how this company can establish or maintain at least one of the three types of competitive advantage.
What will be an ideal response?