Discuss other potential problems that can occur from the improper use of standard costs.

There are several potential problems that can occur from the improper use of standard costs. Labor quantity standards and efficiency variances assume that production is labor-paced. However, output in many companies is determined by the processing speed of machines. Also, too much emphasis on meeting the standards may overshadow other important objectives. Discuss other potential problems that can occur from […]

With the technology available today, could organizations get to a point where they could let the computers (information systems) generate decisions instead of managers?

With the technology available today, could organizations get to a point where they could let the computers (information systems) generate decisions instead of managers? If yes, do you think you would truly trust the decisions the computer generated? Why or why not? Cloud computing has come into the marketplace over the past few years. What are some advantages of using […]

What are Steve’s obligations regarding confidentiality in reporting results to Rick?

Scenario: Steve Smith was recently hired as a controller for a chocolate bar manufacturing plant in the United States that is a division of a Swiss parent company. Steve is a direct report to the corporate U.S. CFO, Roberta Blake, and has an indirect reporting relationship to the plant manager, Rick White. Blake has indicated that the planned manufacturing volumes […]

Explain the process of evidence-based analysis.

Explain the process of evidence-based analysis. Highlight the major players and their roles in EBM policy (i.e., government, providers, patients, etc.). Explain the EBM “Levels of Evidence” as defined in your course text. Review the case “Constraints of the ACA on Evidence-Based Medicine.” Summarize the policy of EBM in your conclusion.