Strategic management

Strategic management First Class test question

1. How does Strategic management add value in business management? Elaborate your answer
   
2. In what way you find SM different than other discipline?

Management Account Assignment

3B 1) Identifying cost behavior patterns

1. Classify their behavior as one of the following: Variable, Step, Mixed, Discretionary fixed, and Committed fixed
   
   1. Training costs of an administrative resident    
      
      1. Discretionary fixed
         
   2. Straight line depreciation of operation room equipment
      
      1. Fixed
         
   3. Costs of services of King Hospital Consulting
      
      1. Variable
         
   4. Nursing supervisors' salaries ( a supervisor is needed for each 45 nursing personnel)
      
      1. Step
         
   5. Operating costs of X ray equipment ($ 95,000 a year plus $ 3 per film)
      
      1. Mixed
         
   6. Health Insurance for all time employees
      
      1. Committed
         
   7. Costs incurred by Dr. Rath in cancer research
      
      1. Discretionary fixed
         
   8. Repairs made on hospital furniture
      
      1. Mixed
         

      
       

2. To identify a likely cost driver for each variable or mixed cost
   

   
    

   1. Training costs of an administrative resident    
      
      1. No. of training
         
   2. Straight line depreciation of operation room equipment
      
      1. Time
         
   3. Costs of services of King Hospital Consulting
      
      1. No. of patient
         
   4. Nursing supervisors' salaries ( a supervisor is needed for each 45 nursing personnel)
      
      1. No. of personnel
         
   5. Operating costs of X ray equipment ($ 95,000 a year plus $ 3 per film)
      
      1. Per film
         
   6. Health Insurance for all time employees
      
      1. No. of employees
         
   7. Costs incurred by Dr. Rath in cancer research
      
      1. No. of research
         
   8. Repairs made on hospital furniture
      
      1. Repair and Maintenance