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5 Cards in this Set
- Front
- Back
Continuous improvement
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Not good enough or acceptable, challenges employees and managers to continuously experiment with new and improve business practices.
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Control
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The process of monitoring planning decisions and evaluation of actions, processes, and outcomes.
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Controllable or not controllable cost
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Depends on the employee's responsibility in hierarchical levels
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Conversion costs
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Direct labor costs and overhead costs
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Cost object
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A product, process, department, or customer to which costs are assigned
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