Concept and significance of Auditing The word ‘audit’ is derived from the latin word ‘audire’ which means to hear. In the olden times‚ when frauds or errors were suspected as regards receipts and payments in business or to verify tax amount payable to the king‚ explanations would be heard from persons responsible for keeping accounts. Today‚ audit is more than just cash verification. It is reporting about the financial position of an organization as disclosed by the Profit and Loss account
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Value Engineering (VE): Value Engineering is an organized approach for identification and elimination of unnecessary cost. • QIP‚ QC & Benchmarking: Tata Steel adopted Juran Trilogy concept for undertaking Quality Improvement Projects (QIP). Quality Circles (QC) are small group activities which involves first-line employees who continually control and improve the quality of their work‚ products and services. Benchmarking is a process of exploring for best practices and performances across the
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Concept of Nursing Rounds: What is it and is it a good thing? Meghan Glass Northland Pioneer College Nursing rounds play an extremely important role in the field of nursing. The concept of nursing rounds is to ultimately provide patient safety. In order to provide patient safety‚ hourly rounding was initiated. Patient safety has always been an important part of nursing rounds‚ but recently it has been revamped. The purpose of hourly nursing rounds is to check on the patient on
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Marketing is the process of communicating the value of a product or service to customers‚ for the purpose of selling that product or service. Marketing techniques include choosing target markets through market analysis and market segmentation‚ as well as understandingconsumer behavior and advertising a product’s value to the customer. From a societal point of view‚ marketing is the link between a society’s material requirements and its economic patterns of response. Marketing satisfies these needs
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Elizabeth Lake Concepts and Nature of Law John Austin 1) PHILOSOPHER’S VIEW John Austin’s philosophy of law was that “where there is law‚ there are patterns of commanding and obeying. His definition of commanding was a general one rather than specific to a given occasion or an expression of one person’s wish for another person to act a certain way. He believed that any expression of an intention did not count as a command‚ only the expressed intention of a superior or sovereign who has
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IKEA Concept and history IKEA offers a wide range of well-designed‚ functional home furnishing products at prices so low that as many people as possible will be able to afford them. This is the idea at the heart of everything IKEA does‚ from product development and purchases to how we sell our products in IKEA stores globally. Anybody can make a good-quality product for a high price‚ or a poor-quality product for a low price. But to make good products at low prices‚ you need to develop methods
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Book Title: Database Systems Concepts Title: Major Project Proposal Student Name: Fouad Khoury Student Number: 174833 Course Title: CS441 Date: 6th of March 2011 Project Name: Workplace Integrated Facility Management Solution (WIFMS) Summary Facilities and physical infrastructure management is a critical business function. Comprising 25 to 50 percent of a company’s fixed assets and operating costs‚ facilities and infrastructure are significant resources that must be efficiently managed
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Concept of Java Programming Have you ever wondered how your electronic devices work? Well most likely your electronic devise is programmed by a computer language called Java. Java is one of the most popular languages for application development. It is going to continue to be one of the most popular languages because it’s free‚ it runs on any modern operating system‚ and Java is open source software so it can evolve to fit the needs of programmers. Java allows you to play online games‚ chat with
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Concept of housing affordability Affordable housing is a basic right. It includes rental and home purchase opportunities. Other features of affordable housing include it is well built‚ located close to transport‚ shops‚ hospitals and community services‚ as well as suited to its residents. Housing affordability can be viewed from three different perspectives: The affordability for renters; The affordability for would-be home owners; The affordability for existing homeowners
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Concept of ethical relativism Ethical relativism is the theory that there are no universalized moral standards to apply to all people all the time. The relativity of ethics refers to the ethics may be different in different societies. The same situation and behavior may be morally acceptable in one society but morally unacceptable in another. However‚ this theory is rejected by most ethicists. First of all‚ some claim that while the moral practices of societies may differ‚ the fundamental moral
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