Accuracy and Bias In general‚ a set of forecasts will be considered to be accurate if the forecast errors‚ that is‚ the set of et values which results from the forecasts‚ are sufficiently small. The next section presents statistics based on the forecast errors‚ which can be used to measure forecast accuracy. In thinking about forecast accuracy‚ it is important to bear in mind the distinction between error and noise. While related‚ they are not the same thing. Noise in the demand data is real and
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feel sad/bad/guilty * Law of karma There are always CONSEQUENCES whether u do work or not.... 7. 6 source of ethics * Market system * Social Adaption * Professional code * Law of the land * Rituals and Symbol * Organization as vehicles of Ethics 8. 16 Basic values * Controlled greed * Pursuit of pleasure * Efficiency * Truthfulness * Transparency and honesty * Compassion and Charity * Piety * Sacrifice * Stoic dignity * Righteous
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Part A: theorizing the organization Organization theory can be observed from modern‚ symbolic interpretative‚ critical and postmodern perspectives that provide us with values‚ distinct beliefs and knowledge. In this essay‚ I will discuss on how modernists and postmodernist perspective differ in their basic ontological and epistemological assumptions‚ different ways of understanding and contributes to different ideas about power and the limits of power in organization. Ontology and Epistemology
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Managerial Accounting Vs Financial Accounting Management Accounting is used primarily by those WITHIN a company or organization. Reports can be generated for any period of time such as daily‚ weekly or monthly. Reports are considered to be "future looking" and have forecasting value to those within the company. Financial accounting is used primarily by those OUTSIDE of a company or organization. Financial reports are usually created for a set period of time‚ such as a fiscal year or period. Financial
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Management Accounting ACC107 Individual Assignment Asma Moosa 30624 Diploma In Business Sem 4 c) Overhead absorption rate= OAR/ ORR Smoothing= 12663.5/10000 = $1.27 Shaping = 31362.5/25000 = $ 1.25 Fixing = 20471.75/5000 = $ 4.09 Question 2 a)Total Selling Overheads Variable selling overhead= 6000*18.75 =112500 Fixed selling overhead = 100000 Total selling overhead = 100000+112500= 212500 b) i) Marginal Costing Revenue (200*10000) 2000000 Opening Inventory(84*2000) 168000 COST OF PRODUCTION
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Management Accounting Contents 1. Introduction 3 2. Traditional costing system and its limitations 3 3. Activity-Based Costing 4 4. Case Question 4 5. Analysis of the different result between traditional costing system and ABC system
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COMPONENTS OF AN ORGANIZATION An organization is a group of individuals who work together to achieve a common objective/goal. For this to happen‚ the organization has to have elements which ensure its sustainability and success. These elements are: Common purpose Co-ordinated efforts Division of labor Hierarchy of authority Span of control Departmentalization Centralization and decentralization COMMON PURPOSE Common purpose is the means for unifying members. An organization without purpose soon begins
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important aspects in a business leadership is the organizing function of management. The organization of management can basically make or break a business project. It is very important for the management of a business to be well trained in all function of a business not just the organization part. However‚ many business owners do not spend enough time looking at the organization function of its business. The organization function of management can have many impacts on the many levels of business operations
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how hard a person tries. This is the element most of us focus on when we talk about motivation. However‚ high intensity is unlikely to lead to favourable job-performance outcomes unless the effort is channelled in a direction that benefits the organization. Therefore‚ we have to consider the quality of effort as well as its intensity. Effort that is directed toward‚ and consistent with‚ the organization’s goals is the kind of effort that we should be seeking. Finally‚ motivation has a persistence
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AN ORGANISATION AND ORGANIZATION BEHAVIOR An organization is a social unit of people that is structured and managed to meet a need or to achieve collective goals. All organizations have a management structure that determines relationship between the different activities and the members‚ and it subdivides and assigns roles‚ responsibilities and authority to carry out different tasks. Organisations are open systems‚ this is to mean that they affect and are affected by their environment. On the other
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