Cost reduction Generally defined as the act of cutting costs to improve profitability. Cost reduction‚ should therefore‚ not be confused with cost saving and cost control. Cost saving could be a temporary affair and may be at the cost of quality. Cost reduction implies the retention of essential characteristics and quality of the product and thus it must be confined to permanent and genuine savings in the costs of manufacture‚ administration‚ distribution and selling‚ brought about by elimination
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manufacturing or trading‚ require cost accounting to track their activities.[1] Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the industrial revolution‚ when the complexities of running a large scale business led to the development of systems for recording and tracking costs to help business owners and managers make decisions. In the early industrial age‚ most of the costs incurred by a business were what modern
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Elections‚ and People A Study of Religion in Politics Introduction Religion has always played a large role in politics. Religion has played a role in the division of parties‚ political policy‚ and in influencing voters to vote for a particular candidate. It is presumed that religion has existed since the beginning of time and that it stills holds a prominent position in what occurs in today’s society. Religion‚ no matter what belief a person may have‚ often regulates what a person believes‚ what they
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Organizational Power and Politics Politics and power in the workplace is believed by many to be a game that corporate and management plays. Games usually have rules to follow‚ a referee or judge‚ and an ending with a winner‚ however. Although politics has a winner‚ this game never ends‚ the rules are always subject to change‚ and there is no referee or unbiased spokesperson. Corporate traditions sometimes become culture and establish much of the biased game of politics that is played within the
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Politics and the Economy The social institutions of economy and politics are intricately intertwined and they always will be. Economies organize how a society makes and distributes its goods and services to other member’s in society. Goods are things that are made or grown and services are specific things that someone does for another person. Goods and services are given in exchange for some type of payment. Politics is the social institution through which power is acquired‚ usually referring
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Office Politics MBA 525DL 09/05/2007 Office Politics Page 1 Who Is Effected by Office Politics Any person who works in an office is affected by office politics whether they chose to participate of stand by and watch. Sarmiento (2003) has developed several rules that can be applied when engaging in office politics. These include not whining‚ make friends not enemies‚ selectively disclose information and do not assume anything will remain a secret‚ the challenge here is not in how
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Person who has influenced me most of all Most people writing about people who have influenced them will choose someone they admire‚ a mentor or other important person who has been a role model for them over the course of their lives. My description‚ on the contrary‚ will aim to describe someone who influenced me in a totally opposite way: by being an anti-role model‚ someone I would not like to resemble‚ if only for some minor points. He is not in any way an extreme villain or anybody with strongly
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Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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Students and Politics The most progressive‚ articulate‚ inspired and dynamic segment of the country’s population is the student’s community. The formative period of student’s life should be utilized for an all round balanced development of his/her personality. Political experience constitutes an essential part of this learning experience. This period prepares one to face the challenges better and enables one to succeed in life. The much hyped dirty murky nature notwithstanding Politics has the potential
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in the colonization of America‚ the statement that "economic concerns had more to do with the settling of British North America than did religious concerns" is valid. These economic concerns‚ as a cause for the colonization of British North America‚ outweighed the notable religious concerns that arose‚ and dominated colonial life during and up until the very end of the British colonial era in North America. The vast economic concerns that caused British settlement of North America included the opportunity
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