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8 Cards in this Set
- Front
- Back
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Balanced Scorecard
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1. Learning and Growth
2. Internal Processes 3. Customer 4. Financial |
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Disadvantages to Decentralization
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1. Lack of Goal Congruence
2. Costly duplication of activities |
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Subunits are often referred to as...
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Responsibility Centers
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Classifications of Responsibility Centers
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1. Cost
2. Profit 3. Investment |
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Activity Based Management
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1. Tool to analyze costing with goal of improving efficiency and effectiveness
2.Focus on managing activities themselves 3. Improve efficiency and effectiveness |
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Conflict between "planning and control." How to minimize conflict?
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1. Mgr padding budget and create slack
2. Income shifting. May shift revenue from future periods to present periods and violate GAAP revenue recognition principles. |
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Limitations of ABC
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1. Expensive to maintain
2. Does not measure incremental costs 3. Does not provide clear-cut info for decision making. |
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Activity Based Management
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Goal of managing activities themselves.
Comparisons of different activities |
