Discuss fundamental of cost management

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Management Controls Systems:

Question 1: For this question, assume that the owner of ABC has left you a voicemail and wants your advice. The owner has an opportunity to merge with 2 other companies and to hire managers for each of the 3 business units. The 2 other companies are in music development (mostly for TV commercials) and growing exotic flowers and plants (for which the owner thinks the visual displays of ABC are a good match). However, the owner is concerned about how to control these 3 different companies. The owner asks you for a list or outline of the major things that the owner should think about as this new company arrangement is formed.

Fundamental of Cost Management:

Question 2: For Small Constructional Company, discuss any TWO of the concepts or tools from Chapter 10 (Fundamental of Cost Management) and how you would recommend the company uses those tools in order to IMPROVE PROFITABILITY over the next 3 years.

Reference no: EM132561456

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