The Scientific Management theory is "the development of a science to replace the rule-of-thumb knowledge of the workmen." It is reflected in a financial statement analysis as labor costs‚ concerning matters like the employees salaries‚ benefits‚ training and loans. Scientific knowledge is organized‚ systematized and approved knowledge; knowledge with a reason for it. Frederick Winslow Taylor is the father of this theory‚ which was given birth during the later years of nineteenth century. According
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gradually from one condition to another. Nowadays‚ technology has advanced in huge leaps and bounds. We cannot imagine the world without technological advances such as computer‚ televisions‚ and machines and so on. However there are some advantages and disadvantages of technology. First‚ technologies play an important role in society because it makes life easier to live on and makes time less consuming. People do not have to do all the hard labor anymore. For example‚ many people have washing
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machine procedures‚ processes‚ and routines that provide detailed reports in an accurate‚ consistent‚ and efficient manner. Most MISs are organized along the function lines of an organization. Typical functional management information systems include financial‚ manufacturing‚ marketing‚ human resources and other specialized systems. Each system is composed of inputs‚ processing subsystems‚ and outputs. Helpfulness of MIS to Air Asia (Online reservation system) Online reservation system is helping
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Advantages and disadvantages of marrying young Marriage is believed to be one of the most important commitments made in life. It leads to serious changes in social roles and responsibilities‚ so marrying someone should be a mature and thought-out decision. There are many factors which affect the stability of the union and one of them is considered to be the age of the pair. For instance‚ young people seem to take marriage too lightly nowadays. Many teenagers get married because they are pregnant
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Prepaid cards are one of the newest and most interesting financial products on the market‚ and they are something that everyone should be made aware of. However‚ many people do not know what prepaid cards are‚ and how they can benefit you. If you want to know more about prepaid cards‚ then here is some advice about their advantages and disadvantages. What does prepaid mean? Many of us have prepaid phone cards or SIM cards for our mobiles‚ but prepaid debit cards are quite a new idea. However
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ABSTRACT Advantages and Disadvantages of Modern Technology Based on the Perception of 2nd Year BSAMT Students in PATTS College of Aeronautics Gabriel Anselmo Renz Bautista Adrian Borja Wilfredo Buhayo III Gino De Jesus Patrick Domingo Statement of the Problem This study sought to identify the advantages and disadvantages of modern technology based on the perception of 2nd year BSAMT students. Specifically it answers the following questions 1. What are the reasons of the students in
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are two types of 529 plans‚ prepaid tuition and savings. Below is a list of the advantages and disadvantages of this investment plan: Advantages: • There are federal and tax benefits each year that you contribute to the plan. • The cost of electronic devices needed for college can be withdrawn from the plan without being taxed. • Students enrolled in 529 can receive favorable treatment when applying for federal financial aid. • If the student receives a scholarship‚ you can withdraw the amount equal
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Definition & Meaning: The combined financial statements of a parent company and its subsidiaries. Definition of ’Consolidated Financial Statements’: Consolidated financial statements are the combined financial statements of a company and all of its subsidiaries‚ divisions‚ or suborganizations. Explanation: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries‚ they enable you to gauge the overall health of an entire
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In your view‚ what are the advantages and disadvantages of voluntary agreements such as the Kimberly Process and the EITI? Voluntary agreements at industry or country level are becoming very popular in the last years as a way to tackle severe issues that are affecting countries all around the Globe. Although the main scope is really deserving‚ I think that such organization have a limited room to make a real impact in their grounds. Such organizations are pretty visible in terms of politics: local politicians can use the argument of
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spending. The increase in spending is meant to add a flow of money into the economy to stimulate growth. By borrowing money‚ governments feel that the positive returns outweigh the negative returns and seek to reverse the effects of a recession. Advantages to deficit spending are the long term effects of the money spent appropriately. Individuals with the same access to borrowing large sums of money would be faced with spending
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