Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
9 Cards in this Set
- Front
- Back
|
What does auditing do?
|
1) Provides a credible signal
2) Provides information to improve the estimation of value 3) Improves market efficiency |
|
|
Credible signals in real-world markets:
|
Auditing (financial statements)
Disclosure (that is subject to litigation) |
|
|
Credibility of accounting information (auditing) impacts both
|
Willingness to pay of buyers
Production decisions of producers |
|
|
Managerial Accounting Information criteria:
|
Forward looking
Timely Responsibility oriented |
|
|
what is critical capability?
|
A means that is considered a crucial enabler for a center to function as such and is essential to the accomplishment of the specified or assumed goal
|
|
|
generic value chain model
|
customer need--id market--create product--build it--deliver--service--customer satisfied
|
|
|
more specific value chain
|
r&d--design--production--marketing--distribution--customer service
|
|
|
critical success factors measure..
|
aspects of the firm's performance essential to competitive advantage and success
|
|
|
benchmarking is a process by which
|
firms id CSFs, improve processes based on practices of other firms in order to beat them
|
