supplied to the agent. This is known as the commission. In many countries‚ all individuals or companies that sell tickets are required to be licensed as a travel agent. In some countries‚ airlines have stopped giving commission to travel agencies. Therefore‚ travel agencies are now forced to charge a percentage premium or a standard flat fee‚ per sale. However‚ some companies still give them a set percentage for selling their product. Major tour companies can afford to do this‚ because if they were to
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Media Buying Agencies ThinkingJuice – Media Buying Agency - slogan The advertising business has placed a control of knowledge on media planning‚ buying and research. Around 2000 of all the main London Advertising Agencies had separate media buying and planning functions. During past thirty years Media buying agencies took all the media-buying away from the traditional agencies and now they virtually conduct all the planning and researches. (Winston Fletcher‚ Powers of Persuasion: The inside story
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Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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Multi agency working Multi agency working is an effective way of supporting children and families with additional needs. It brings together practitioners and professionals from different sectors to provide an integrated way of working to support children‚ young people and families. The Children and Young Peoples Board in Birmingham comprises of different partner agencies and organisations that each have a duty to cooperate under the Children’s Act 2004 in strategic planning‚ service developments
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The Agricultural adjustment agency was of slight significance as it‚ did not help to recover the nation. The idea behind Agricultural adjustment agency was to help farmers by controlling farm production and stabilising prices. It was an attempt to end the over-production and falling agricultural prices that had crippled American farmers. This however was not the case. The government paid farmers to produce less‚ by taking land out of the production or reducing their livestock. This resulted in less
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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Organizational Behavior and Human Decision Processes Vol. 78‚ No. 1‚ April‚ pp. 25–62‚ 1999 Article ID obhd.1999.2826‚ available online at http://www.idealibrary.com on On the Social Psychology of Agency Relationships: Lay Theories of Motivation Overemphasize Extrinsic Incentives Chip Heath Duke University Three laboratory studies and one field study show that people generally hold lay theories which contain an extrinsic incentives bias—people predict that others are more motivated
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1. The chief economist for Argus Corporation‚ a large appliance manufacturer‚ estimated the firm’s short-run cost function for vacuum cleaners using an average variable cost function of the form. AVC= a + bQ+ cQ^2 (the 2 is suppose to be exponent) Where AVC=dollars per vacuum cleaner and Q=number of vacuum cleaners produced each month. Total fixed cost each month is $180‚000. The following results were obtained: Dependent Variable:AVC R-Square
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