Chapter 3 3. Before the industrial revolution the cottage industry was an industry that was centered in self-sufficient rural households. After the industrial revolutions production moved to urban factories where production was more efficient and on a larger scale. Advances in technology such as the advent of the steam power brought about specialized factories that drastically improved the productivity of the workers. 4. If the cost of producing a good for a household is below the market price
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Chapter 1 The Government and Not-For-Profit Environment TRUE/FALSE (CHAPTER 1) 1. The main objective of a typical governmental or not-for-profit entity is to earn a profit. 2. A government’s budget may be backed by the force of law. 3. Governmental entities have no need for an accounting system. 4. A government’s internal managers rely on general purpose financial statements for a considerable amount of information about their government. 5. Governments and not-for-profits
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seen an accounting adjustment recommended which could mean that there has been something that happened that was immaterial that it didn’t need to be adjusted. If the inherent risk was zero there wouldn’t been the chance that anything could go wrong and to give it a zero risk there is no point then to audit the firm. 2) In chapter three they mention that control risk should not be assessed so low that the audit team places complete reliance on controls and does not perform any other audit work. By stating
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Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Chapter 01 The Changing Role of Managerial Accounting in a Dynamic Business Environment Answer Key True / False Questions 1. Controlling involves the coordination of daily business functions within an organization. FALSE AACSB: Reflective Thinking AICPA BB: Industry AICPA FN: Decision Making Bloom ’s: RC Difficulty: Easy Learning Objective: 01-02 Explain four fundamental management
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management so challenging in IT projects? Answer: It is challenging because of the new requirements a client might have because the technology available is changing so fast. The requirements that were set up at the beginning change more often‚ that is why it is important to have a well defined project scope document this will help in unexpected delays‚ and more work. 2. What about your project would be challenging to manage the scope? Be very specific. Answer: The biggest challenge I see is not letting
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manufacturing labour costs 80 Indirect manufacturing costs: Plant supplies used 12 Property taxes on plant 2 Plant utilities 10 Indirect manufacturing labour costs 40 Depreciation––plant and equipment 18 Miscellaneous manufacturing overhead costs 20 102 Manufacturing costs incurred during 2011 392 Add beginning work-in-process inventory‚ 1 Jan. 2011 20 Total manufacturing costs to account for 412 Deduct ending work-in-process inventory‚ 31 Dec. 2011 (4) Cost of goods manufactured
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on the external price and the amount of variable and fixed costs that can be eliminated assuming no alternative uses of resources. 11. An opportunity cost is the potential benefit obtained by using resources in an alternative course of action. 12. If an incremental make or buy analysis indicates that it is cheaper to buy rather than make an item‚ management should always make the decision to choose the lowest cost alternative. 13. In a sell or process further decision‚ management should process
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PROJECT BBA-5D COMPOSED BY MUHAMMAD REHAN ALI KHAN MUHAMMAD SHARJEEL YASEEN MUHAMMAD HASAN UDDIN ABDUL QADIR SAIFUDDIN SUBMITTED TO SIR QAMAR ABBAS ZAIDI TABLE OF CONTENT ACKNOWLEDGEMENT…………………………………………... 03 EXECUTIVE SUMMARY………………………………………….. 04 INTRODUCTION TO THE COMPANY…………………………… 05 INTRODUCTION TO TOPIC ……………………………………… 06 CASE STUDY……………………….……………………………... 07 * Terms and conditions for availing Ufone cellular connection * Ufone and Canadian firm
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Weakness The partnership model is one of the limitations of LorPel because when a problem arose‚ each of them held different ideas‚ and none of them had the authority to make the final call. If they would not compromise regarding the firm’s blueprint at all‚ the partnership might have to come to an end. Normally speaking‚ if there are no specific company policies in place to direct and govern a firm‚ the operation or growth would not sustain for a long time. In partnership like LorPel‚ the success
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BIO152 Chapter 43 – The Immune System 1. Describe the function of the immune system. Function: protect body from pathogens + foreign objects‚ destroy infected or malignant cells‚ and remove cellular debris. System includes: thymus‚ spleen‚ lymph nodes and tissues‚ stem cells‚ white blood cells‚ antibodies. 2. Compare innate and acquired immunity‚ and how they differ in terms of how quickly they attack a pathogen‚ and how they recognize a pathogen. Innate immunity- immediate defense
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