Chaos theory has universal significance. It has entered into management thinking, implicitly rather than explicitly, as seen in works such as Schon′s Beyond the Stable State , Toffler′s Future Shock and Peters′ Thriving on Chaos . An attempt is made to relate chaos theory to auditing and...

Standard costing, according to various authors, is inconsistent with today'smanufacturing environment (e.g. Monden and Lee, 1993; Ferrara, 1995; Drury, 1999).Instead, to meet the intensely, competitive, global business environment, companiesshould use tools or strategies such as JIT, ABC, TQM, process...