economics engineering

1. What is a cost management system? 

· What are the components?

1. Why important? What is a cost management system? 

· What are the components?

· Why important?

2. What are business ethics? Why are they important?

3. What did all compnies presented on 10/20 have in common?  How did they differ?

4. What is the difference between direct margin and operating margin?

· Give an example of each (real company)

5. What is the main objective of the TV show “Shark tank”? 

· Who are all of the cast members and what do they have in common?

· What did Daymond John do to start his company?

6. Define budgeting and discuss it’s role in planning, controlling and decision making.

7. What is life cycle cost management? 

· How can it be used to maximize profits over a products life cycle?

8. Explain how activity based management is a form of “responsibility accounting. 

· How does activity based management differ from “financial- based” responsibility accounting?

9. How are 401K matches and R&D factored into a companies bottom line

·

2. What are business ethics? Why are they important?

3. What did all compnies presented on 10/20 have in common?  How did they differ?

4. What is the difference between direct margin and operating margin?

· Give an example of each (real company)

5. What is the main objective of the TV show “Shark tank”? 

· Who are all of the cast members and what do they have in common?

· What did Daymond John do to start his company?

6. Define budgeting and discuss it’s role in planning, controlling and decision making.

7. What is life cycle cost management? 

· How can it be used to maximize profits over a products life cycle?

8. Explain how activity based management is a form of “responsibility accounting. 

· How does activity based management differ from “financial- based” responsibility accounting?

9. How are 401K matches and R&D factored into a companies bottom line.