compromising standards of labor performance. (T) 4. Increases in sales volume tend to improve labor productivity. (T) * As his efficiency increase‚ the cost of labor per unit produced actually decrease. * Increase in sales volume results in greater employee efficiency at lower labor cost per unit 5. The key to successful labor cost control is paying the lowest possible dollar wage.(F) May use of part-time staff‚ outsourcing 6. The local minimum wage is an amount set by a group of
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a transaction cost is a cost incurred in making an economic exchange. A number of different kinds of transaction costs exist. Search and information costs are costs such as those incurred in determining that the required good is available on the market‚ who has the lowest price‚ etc. Bargaining costs are the costs required to come to an acceptable agreement with the other party to the transaction‚ drawing up an appropriate contract‚ etc.. Policing and enforcement costs are the costs of making sure
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things such as‚ experiences‚ belief‚ attitude and values of the organizations. An organization culture is an interrelated system of shared belief and values that differs from one organization to other. Different organization has different people‚ environment‚ norms‚ values and beliefs which make each organizational culture different from each other. Like all the social mechanism‚ orgnaizational cutlure also perfroms social functions‚ some of them are intentional and some are unintentional and are always
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Thesis: How do rising tuitions impact students‚ local employers‚ and educational institutions? I. Tuition Costs A. Enrollment Supply B. Enrollment Demand II. Economic Theory A. Impact on Students B. Impact on Educational Institutions C. Impact on Local Employers III. Higher Educational Costs A. Advantages (Pros) of Higher Tuition Costs B. Disadvantages (Cons) of Higher Tuition Costs IV. Conclusion/Recommendations This case analysis will be based on the question‚ “How do
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Cost of Capital Definition: cost of capital is the rate of return that a company must earn on its project investments to maintain its market value and attract funds. The cost of capital to a company is the minimum rate of return that is must earn on its investments in order to satisfy the various categories of investors‚ who have made investments in the form of shares ‚ debentures and loans. The cost of capital in operational terms refers to the discount rate that would be used in determining the
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Historical/Cultural Analysis “Operation of a Medic.” The text‚ “Watching a Medic‚ Sicily‚ August 9‚ 1943”‚ illustrates the occupation of a medic in action during WWII. This text shows a medic helping another soldier in Sicily. In the background of the image there is a poor and deprived family looking upon the medic performing his duty of helping the injured soldier. This image shows what a medic’s lifestyle was like during the war. Medics had to perform their medical duties in places where injuries
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1) What should Cynthia do? What ideals‚ obligations‚ and effects should she take into account when asking her decision? Cynthia should re-consider her decision to shift to Crytex Systems. Moral obligations and interpersonal responsibilities have been increasingly differentiated both in the philosophical and in the psychological literature. Moral obligations in the Kantian tradition define duties or obligatory actions that we owe to everybody under all circumstances. They include‚ for example‚
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COST ACCOUNTING: A BRANCH OF ACCONTING THE PRINCIPAL PURPOSE OF WHCH IS TO DTERMINE THE COST OF A SINGLE UNIT OR SERVICES (FOR STOCK VALUATION‚COST PLANNING AND CONTROL AND PROFIT REPORTING PURPOSE) . OR A BRANCH OF ACCOUNTING THAT DEALS WITH THE ACCUMULATION AND ANALYSIS OF COST INFORMATION FOR INTERNAL USE TO AID MAMNAGEMENT IN PLANNING‚ CONTROL AND DECISION MAKING
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Department of Marketing Dhaka University Course Name: Business Environment Preface The objective of this course is to provide requisite knowledge for successful business manager. To develop the understanding of the cultural‚ demographic‚ social‚ economical‚ political‚ technological and legal environment within which the business operates. Provide knowledge on how to adapt with the changing environmental situation. It also discusses the issues related to the relationship between business
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Cost of Quality (COQ) "The cost of quality." It’s a term that’s widely used – and widely misunderstood. The "cost of quality" isn’t the price of creating a quality product or service. It’s the cost of NOT creating a quality product or service. Every time work is redone‚ the cost of quality increases. Obvious examples include: The reworking of a manufactured item. The retesting of an assembly. The rebuilding of a tool. The correction of a bank statement. The reworking of a service‚ such as
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