Participation Exercise #11: After looking at the following 8-minute YouTube video, respond to the following questions: http://youtu.be/SC8iayCrz94
1. What is the difference between “traditional” and “activity-based” costing?
2. What types of companies would benefit from ABC costing? Explain?
Participation Exercise #12: After viewing the short video below, respond to the following questions: http://youtu.be/wPL9yLLz7Cg
1. What is a supply chain? How can managerial accountants help to improve the supply chain?
2. Would you be more likely to invest in a company which disclosed information about their sustainable practices? Why? Why not?
Participation Exercise #13: After viewing the video below respond to the following questions: https://youtu.be/6Ib-bdko5cE (Links to an external site.)
1. Do you currently have a budget? If so, what time period do you normally budget for (week, month, year, etc)?
2. Which of our personal expenditures will be the hardest to budget for? Why?
3. Other thoughts, advice on budgeting?
Participation Exercise #14: After viewing the video (Links to an external site.), respond to the following questions
1. What are the main reasons that 85% of all small companies fail in the first 5 years? How can budgeting prevent failure?