REFLECTIVE ACCOUNT ON UNIT 5002: INFORMATION BASED DECISION MAKING As a manager‚ it is vital that all decision that I have to make is based on accurate and recorded information. Making decisions are everyday activities and very often it is being performed without really thinking about them. Information based decision making enables me to understand the problem solving cycle‚ use creativity in decision making‚ anticipate potential problems‚ gain the commitment of others to my decisions in order
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Hong Kong’s Experience in Operating the Currency Board System Priscilla Chiu Hong Kong Monetary Authority I. INTRODUCTION When Hong Kong revived the currency board arrangements in October 1983‚ it faced a financial world that was vastly different from that earlier in the century when currency boards flourished in British colonies and protectorates.1 Bank deposits had taken over currency notes as the predominant medium of exchange. Capital mobility had been significantly enhanced:
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Characteristics and Issues | Benihana of Tokyo | Broadway Pizza | Conflicts & Lessons | Competitive Advantage | * Low cost (competitor) * Labor cost * Strategic Marketing * Low waste * Lower overhead | * Use of technology * Family oriented | Rocky Aoki was able to keep labor‚ food‚ beverage and facility costs lower than traditional restaurant design using hibachi grills‚ a new service innovation. This service innovation however‚ did require higher marketing costs‚ as the American
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Question 1: Prepare a variance analysis report based on the information in Exhibit 1. Would this be sufficient to explain the profit shortfall to Norton at the 8 AM meeting? This revenue variance is positive and favorable. That means they made more than the budget. However‚ the variance amount of expenses was $342‚060‚ which was unfavorable. That means they spent more than what they had budgeted for. The perform a variance analysis report Jenkins calculated would not be sufficient in order to explain
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Location : Docklands Description : It is a fine dining restaurant located in the heart of Docklands where you can enjoy your dining with the perfect view. Fork and Knife restaurant offers wide range of seafood and steak with your selection of your favourite wine. We provide special dietary needs food‚ booking in advanced is required. Mouth watering desserts are also available to finish up your dining experience with us Fork and Knife restaurant. Reservation is required due to the limited seats. Business
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1. Do you recommend that G.G. Toys change its existing cost system in the Chicago plant? In the Springfield plant? Why or why not? G.G. Toys should change its existing cost accounting system from traditional costing to activity-based costing (ABC) in the Chicago plant as it is allocating its entire manufacturing overhead on the basis of just one cost driver: production run direct labor cost. Since overhead at the Chicago plant is high‚ accurate cost accounting system is required. Different types
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undergraduate Capstone Project Presented to The Faculty of the Collage of Technology ILOILO STATE COLLAGE OF FISHERIES Dumangas Campus Dumangas‚ Iloilo In Partial Fulfillment Of the Requirement for the Degree Bachelor of Science in Information Technology By: Elda Gay Dinglasa Ronel John Francisco Ryan De Felix Mark Anthony Galve John Lorence Demonteverde March 2015 TABLE OF CONTENTS CHAPTER I - Introduction Background of the study………………………………………………………………4
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Ginny’s Restaurant Case An Introduction to Capital Investment Valuation 1. Virginia’s current wealth is $4‚830‚188.68 CF0=2‚000‚000 CF1=3‚000‚000 I/Y=6% Virginia can spend and consume now $4‚830‚188.68. If she waits to spend and consume for one year she will have $5‚120‚000 to spend and consume. 2. Virginia should invest $3‚000‚000 in Ginny’s Restaurant. In one year the $4‚000‚000 endowment will be worth $4‚240‚000 without investing it. If Virginia invests $3‚000‚000 in Ginny’s
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000‚000 = $5‚150‚943 f. $4 million investment PV = $5‚400‚000/(1+0.06)1 = $5‚094‚340 Virginia’s optimal investment in the restaurant is $3 million‚ which give her a total of $5‚150‚943 at the end of year 1. This is approximately a 29% increase in her wealth. 3. PV of investment with $2.8m borrowed FV = Restaurant Future Cash flows – [Principle(1+0.06)] = $4‚400‚000 – [$2‚800‚000(1.06)] = $4‚400‚000 - $2‚968‚000 = $1‚432‚000 PV = $1‚432‚000/1.06 = $1‚350
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leadership | Unit 5002 - Information based decision making | Stockton Riverside College | Michelle Morgan 4/1/2012 | Contents Introduction 3 Be able to identify and select sources of data and information 4 Be able to analyse and present information to support decision making 7 Be able to communicate results of information analysis and decisions 12 Appendices 14 Bibliography 14 Introduction The aim of this report is to look at information based decision making to help
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