Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 1 - The Manager and Management Accounting - Assignment Material - Exercises - Page 22: 1-21

Answer

a. Planning; b. Control; c. Control; d. Planning; e. Planning

Work Step by Step

a. When the organization has set a goal, planning to achieve the goal (here is the goal of competing with rival companies, Swifter) and informing everyone in the organization is considered a planning decision. b. After the product launch, the review and evaluate market share are considered a control decision c. Control decision includes evaluating past performance and compare it with expected performance all for the future of the organization d. After being informed about "competition" with competitors, the design team created new products, gradually implementing the organization's competitive goals. e. Predicting and estimating specific results are essentials way to accomplish the goals set, which is also part of planning decisions.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.