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1. Explain the similarities and differences in how the McCarthyand Sutton papers present the nature of accounting and theaccounting function within an organization.2. Explain how the balanced scorecard could be used by a mergerand acquisition team to evaluate potential target companies. Bebrief and include specific measurement criteria.3.Explain the difference between an expense and a cost. Why isit important for a company to not only understand their costs butalso their cost drivers?4. Explain why the overhead in product and service costs isfrequently not correct. How are overhead variance addressed? Why?What steps can be taken to mitigate deviations in overheadvariances?
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