Q1:Read the attached article entitled “Alphabet Soup: Good for You or an Indigestible Stew?” and then consider the following quote from The Goal: “Most people haven’t been managing according to the goal.” What do you think is meant by this statement?
Q2: The Goal presents some examples of how managerial accounting information can be used poorly or ineffectively. Agency Theory addresses the potential issues that can arise from the relationship between a principal and an agent. Economists refer to these issues as the “agency problem.” Here is a short link/article on Agency Theory: http://www.investopedia.com/terms/a/agencytheory.asp. After reviewing the link, identify a scenario in which managerial accounting could be misused in an unethical manner. How might you overcome that issue as a manager?
Use a minimum of two APA references
EXPERT SOLUTION ANSWER