1) Life-cycle costing approach is applicable to 3 main stages of activities for a manufacturing company.
–a) Identify the 3 stages and (hint)
Research, Development, and Engineering Stage (RD&E)
Postsale Service and Disposal Stage
–b) In which stage do you think target costing is most applicable.
2) We discussed intrinsic and extrinsic rewards.
–A) Do you believe that people value intrinsic rewards? Give an example of an intrinsic reward and explain why
–Why are extrinsic rewards important to people?