The Design of a Management Accounting System Should Consider How

question 66

True/False

The design of a management accounting system should consider how reports affect employees' behaviour.

Understand the core principles and applications of major motivational theories including McClelland's Need Theory, Herzberg's Two-Factor Theory, and Maslow's Hierarchy of Needs.

Identify and differentiate between motivators and hygiene factors according to Herzberg's Two-Factor Theory.

Describe the characteristics and needs of self-motivated high achievers.

Recognize the importance of feedback, goal setting, and the role of achievement motivation in enhancing employee performance.

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Definitions:

Competitor-Oriented Objective

Goals set by a company with a focus on outperforming competitors, often through pricing strategies, product features, or marketing efforts.

Customer-Oriented Activity

Business actions focused on satisfying customer needs and preferences, aiming to build long-term relationships and enhance customer satisfaction.

PIMS Data

Database information from the Profit Impact of Market Strategy project, which analyzes business strategies and their impact on profitability.