A board member for American Express has brought up the fact that some companies are starting to refuse hiring smokers and that the same should be discussed at the next month’s meeting. He brought this to attention due to the fact that medical costs are rising 10 to 15 percent a year. Employing a smoker‚ on average‚ cost about $4000 more a year because of higher Health-Care cost and lost productivity. Smokers will have 50 percent more absenteeism and because of smoke break will work 1‚817 hour less
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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2010 Become a Better Driver In every major city accidents happen in which people are injured or killed. These unintended injurious events are caused by a “mistake” made by the parties involved (Hughes). Many people are good drivers‚ but it would be good for people to learn to be better drivers. It will help people if they have to retake their license test when they renew their license. This will help them follow the road rules‚ be more respectful to other drivers‚ and avoid other distractions
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accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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1. The core competencies of the Federal Express are the brand name which it has leveraged throughout the years. The innovation to the idea of delivery systems. The technology it uses to address the various issues in the supply chain and also the Information technology which it had mastered which has decreased its delivery problems. The use of technology and IT systems has been useful in the production and integration of virtual networks. The innovative approach in tracking and conveying messages
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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The Disbandment Of The Canadian Airborne Regiment In Somalia 1992 In 1992‚ The Canadian airborne regiment was sent into Somalia for a peacekeeping mission. Instead of creating peace‚ the Canadian regiment have been disbanded because of the “Somalia affair”. Many innocent Somali citizens were imprisoned for non ethical reasons. One innocent Somali named Shidane Arone was severely tortured and later‚ killed because of harsh treatment. This shameful act gave people the confidence to speak
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Top-Slice Drivers Two years ago the Top-Slice Company moved from just making golf balls to also producing oversized drivers. Top-Slice makes three different models: the Bomber‚ the Hook King‚ and the Sir Slice-A-Lot. As the names suggest‚ the last two clubs help correct for golfers who either hook or slice the ball when driving. While‚ Top-Slice is pleased with the growing sales for all three models (see the following tables)‚ the numbers present Jacob Lee‚ the production manager‚ with
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“During each NASCAR race they average 8 crashes every race”(Wikipedia‚ 2016). Some people believe that race car drivers are not athletes. People who side with NASCAR is a sport say that there is a lot of what the drivers do besides just get into the car and drive. People who don’t believe it’s a sport say that anyone can get into a car‚ turn left and anyone can do it.There are many good points to both sides‚ most people believe race car driving is a sport‚ but some who say it is not. There are many
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factors. The society will dictate its moral values and the occasion. The action to be taken by a person depends on the occasion and the societal moral values. The age of a person‚ gender‚ and the expected responsibility are the things that determine the actions. One has to consider taking an action that will promote societal acceptance. The action should maintain self-respect of an individual in the society. When a person takes an action that keeps the moral values of his or society‚ there is an increase
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