In this answer I will discuss the positive impacts of volcanic activity. These positive impacts are geothermal energy‚ tourism and fertile soils. The first positive impact I will discuss is geothermal energy. Geothermal energy is heat that is generated by the plumes of magma that rise from the earth’s core to the crust. This magma heats the rocks of the earth’s crust. Geothermal energy is used as a major source of energy in Iceland. Iceland is a volcanic island formed by tectonic forces along
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abnormal spoilage spoilage that should not occur under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or
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Revision for marketing: Topics 1 Activity 1.1 Why is understanding customers wants so critical for marketers? How are the concepts of value and satisfaction related to each other? Explain the differences between transactions and relationships. Activity 1.2 Now apply the issue discussed in Activity 1.1 to the following questions. Consumers usually choose from a tremendous variety of products and services to satisfy a given need or want. Consider your need for nourishment. How does that
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Chapter 13 Relevant Costs for Decision Making Solutions to Questions 13-1 A relevant cost is a cost that differs in total between the alternatives in a decision. 13-2 An incremental cost (or benefit) is the change in cost (or benefit) that will result from some proposed action. An opportunity cost is the benefit that is lost or sacrificed when rejecting some course of action. A sunk cost is a cost that has already been incurred and that cannot be changed by any future decision. 13-3 No. Variable
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Chapter 8 Cost Estimation and Budgeting True/False 1) Direct costs are those clearly assigned to the aspect of the project that generated the cost. T 2) Material is an example of a cost that is recurring‚ variable and direct. T Multiple Choice 1) Which of the following is a direct cost? A) labor B) rent C) depreciation on equipment D) health benefits 2) Workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15‚ have what total direct labor cost for an
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Date of submission: Wednesday‚ June 6‚ 2007 Subject: Submission of Report on Banking Activities. Sir‚ This is a great pleasure for us to submit this assignment in this International Business course of BBA program. We had our survey on Banking Activities‚ which serves in the market. During our survey program we went through various areas of those companies. In this connection‚ we therefore‚ hope that you would be as kind as to accepting our report and oblige thereby. ACKNOWLEDGEMENT
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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2008 CERTIFIED INTERNATIONAL B-SCHOOL SUBJECT: FINANCIAL & COST ACCOUNTING Total Marks: 80 N.B.: 1)Allquestionsarecompulsory 2) All questions carry equal marks. Q1) ABC Ltd. Produces room coolers. The company is considering whether it should continue to manufacture air circulating fans itself or purchase them from outside. Its annual requirement is 25000 units. An outsider vendor is prepared to supply fans for Rs 285 each. In addition‚ ABC Ltd will have to incur costs of Rs 1.50 per unit for freight
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Topic-Problem-Purpose-Questions HOME TASK 1. Decide group member 2. Decide topic (write Background of Study and Problem Statement) 3. Find two (2) journal papers 1. In class activity (Topic-Problem-PurposeQuestions) to be submitted on Friday before 5pm 2. Find two (2) journal papers For example‚ Topic Youth suicidality Purpose of the activity: Problem The rising of youth suicidality in Malaysia for the past 5 years To understand why the topic is important to be studied Dr Adnan‚ the Malaysian
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Deadlines are defined as the time limit in which something must be done. Meeting a deadline is very important and is probably the most valuable lesson you will ever learn. The lesson that should be learned is how to manage your time efficiently. When you meet a deadline‚ you are showing that you are a serious and committed person to the task‚ which is being asked of you. Meeting deadlines help you manage your time because you have to get the task done in a certain amount of time. The time frames
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