* How differential rate system is less motivational than bonus system? Answer: F.W.Taylor is the father of scientific management. His scientific management is based on differential rate system. The basic is increase productivity through differential rate system in scientific management. Henry Gantt a contributor to scientific management was an associate of Taylor. Later‚ working alone‚ he developed other techniques for improving worker output. It is called “Bonus System”. On e called the “Gantt
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Zauner Ornaments Costing & Pricing Introduction Zauner Ornaments was a large manufacturer of crystal and glass products based in Vienna Austria. The company had an international reputation of producing high quality glass and crystal at affordable prices due to the skill of its master artisan and using innovative technology in the manufacturing process. Its product was used in fine restaurants‚ hotels and residencies around the world. Due to slowing growth in the fine-crystal and glass-tableware
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Costing Methods Paper Nikkei Crowder Acc/561 Ena Wu January 30‚ 2012 Costing Methods Paper Former Steelers’ running back Franco Harris created Super Bakery Inc.‚ in 1990. “Super Bakery is a virtual corporation‚ in which only the core‚ strategic functions of the business are performed inside the company. The remaining activities—selling‚ manufacturing‚ warehousing‚ and shipping—are outsourced to a network of external companies”. When management suspected that the established
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Samantha Boddy MGT 350 Legal Environment of Business Professor Thor 7 November 2010 Jury Verdicts in Criminal Trials Unanimous verse less than Unanimous Jury verdicts in criminal trials should always be unanimous. In criminal trials the defendant faces life changing outcome. To allow anything less than an unanimous verdicts to determine life changing decisions is out of the question. While departing from the unanimity requirement may decrease the costs of mistrials without
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1a) Activity based costing is a relatively new type of procedure that can be used as an inventory valuation method. The technique was developed to provide more accurate product costs. This improved accuracy is accomplished by tracing costs to products through activities. In other words‚ costs are traced to activities (activity costing) and then these costs are traced‚ in a second stage‚ to the products that use the activities. Another way to express the idea is to say that activities consume resources
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Less Developed Countries‚ Poverty and Challenges to “Development” Jacqueline Yust Pittsburg State University World Regional Geography Dr. C. Hooey June 19‚ 2013 Many countries today face overwhelming political‚ cultural‚ economical and geographical challenges that lead to poor development. The world ’s poorest countries are referred to as less developed countries (LDCs). Today‚ there are 48 countries that are designated by the United Nations as the world ’s least developed countries
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Andres Martinez Garcia Section 1010 03/18/13 Prof. Cheryl L. Flanigan Essay 2 Be Happier by Consuming Less Consumerist is a social and economic order that encourages the purchase of goods and services in ever greater amounts. In the American consumption‚ people do not know how much is enough‚ do we really need all we buy? Or we just buy it because everyone else has it? Does it make us any happier? In the article “The New Politics of Consumption: Why Americans Want So Much More That
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plant equipment: whether company is being operated or not‚ this is the amount that are paid to prevent the loss of plant equipment when fire happens. So that it is not affected by the volume of product units. * Operation costs – Marketing promotions‚ Marketing salaries‚ Distribution costs and Customer-service costs: they
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Customer Service Unit 1 Understanding the organisation Session 5 Know the organisation’s policies and procedures Handout In this Session‚ you have learned about: The principles‚ policies and procedures of your organisation How your organisation communicates its principles to employees Your organisation’s policies and codes of practice Consultations on changes to principles‚ policies and procedures Issues of public concern relating to your industry and organisation. Principles‚ policies
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Chapter 7 Variable Costing: A Tool for Management Solutions to Questions 7-1 The basic difference between absorption and variable costing is due to the handling of fixed manufacturing overhead. Under absorption costing‚ fixed manufacturing overhead is treated as a product cost and hence is an asset until products are sold. Under variable costing‚ fixed manufacturing overhead is treated as a period cost and is charged in full against the current period’s income. 7-2 Selling and administrative expenses
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