The Cost Management Subsystem Designed to Provide Accurate and Timely

question 19

Short Answer

The cost management subsystem designed to provide accurate and timely feedback concerning the performance of managers relative to their control of activities is the __________ information system.

---

Definitions:

Fair Value

A calculated guess at the rate an asset or liability could be traded between aware, agreeable entities in a transaction lacking any close personal ties.

Goodwill

An intangible asset reflecting the value of a company’s brand, customer relationships, and other non-physical assets that contribute to earnings over and above the fair value of identifiable assets and liabilities.

Significant Influence

A term used to describe the capacity of an investor to affect the financial and operating policies of an investee through ownership, without having control.