Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential
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ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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life‚ a child will be in many different situiation where they have to make their own choice of what to do. Personal choices are linked to indipendance‚ self esteem‚ maturity‚ own risk assesment‚ and knowledge. For example; a child may choose to have chips with there tea rather than vegtables. They may decide to snatch a toy of another person rather than asking for it or waiting their own turn. These nagative choices will effect how they behave and effect how others respond to them and treat them.
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Choice and Circumstance What happens when the life we choose for ourselves conflicts with the life that is chosen for us? “Shoplifters‚” by Maura Stanton‚ describes a group of shoplifters whose circumstances speak to the theme of isolation. They are alone‚ stealing by choice to fill the void they each share--a lack of relationship with another human. “Night Waitress‚” by Lynda Hull‚ describes a woman working the night shift by choice. The waitress complains to herself
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James Shoemaker English 1A 2/25/14 Freedom of choice Llosa’s opinion in “A Smoker’s Right” is that to do something bad for us such as smoking is our own choice and we should have the freedom to do those harmful or bad things if we so choose since it it our body and our lives. I agree with Llosa to an extent‚ It is not freedom if we don’t have a choice. Her use of suicide does throw my support of her opinion off a little because I do not feel as if suicide
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Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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activities; c. Productive activities‚ such as finished goods transportation‚ storage‚ customer contact‚ order processing‚ etc. d. Sales activities to let customers understand and buying of goods‚ such as advertising‚ promotion‚ marketing agency costs‚ etc; e. Service activities‚ including training‚ repair‚ maintenance‚ components renewal etc‚ aiming at improving the added value of products. Auxiliary activities: a. Procurement activities‚ to refer to the purchase of used in enterprise value
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Timon Igeria UNDERACHIEVEMENT IN THE UNIVERSITY IS AS A RESULT OF STUDENTS BASING THEIR CHOICE OF PROGRAM ON PRESTIGE. Introduction "There is‚ perhaps‚ no college decision that is more thought-provoking‚ gut wrenching and rest-of-your life oriented--or disoriented--than the choice of a major." (St. John‚ 2000‚ p.22) The impact of a wrong or right choice transcends beyond the learning satisfaction because it is correlated with job stability and job satisfaction. One would expect a scholar
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William Glasser’s Choice Theory Jennifer Kingsley HHS310: H & HS Culture: The Helping Relationship Prof. Kari Merrill November 12‚ 2012 William Glasser’s Choice Theory The foundation of this theory is the simple belief that we alone are responsible for everything we do. This includes having the control over how we feel. If we are miserable‚ we have chosen to be miserable. If we are happy‚ a conscious decision was made to be happy. Considered to be
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www.hbrreprints.org The cumulative impact of the allocation of resources by managers at any level has more real-world effect on strategy than any plans developed at headquarters. How Managers’ Everyday Decisions Create—or Destroy— Your Company’s Strategy by Joseph L. Bower and Clark G. Gilbert Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 How Managers’ Everyday Decisions Create—or
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