Managerial Accounting Reality Check Summaries Professor Shin Hee-Lim Shin 1001006 Reality Check – What’s your blog’s ROI? Summary ROI has been always one of the important factors to determine how profitable the business is doing. However‚ for until last few decades‚ ROI was only implementing to evaluate the hard assets like buildings and equipment. But in nowadays‚ many companies are using ROI to evaluate the investment in technology‚ such as blog. As a following example‚ it shows that
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Capitalism is characterized by private ownership of factors of production and the government of the nation does not interfere in the economic activities of the country. It can also be referred to as ‘Free Market Economy’. CHARACTERISTICS OF CAPITALISM * Private ownership of property: In a capitalist economy‚ people have full right to use their private property anyhow they like without the intervention of the government. Property can be passed to successors in case of the owner’s death. * Price
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Journal of Business Ethics (2008) 83:595–614 DOI 10.1007/s10551-007-9641-8 Ó Springer 2008 Business Ethics and Moral Motivation: A Criminological Perspective Joseph Heath ABSTRACT. The prevalence of white-collar crime casts a long shadow over discussions in business ethics. One of the effects that has been the development of a strong emphasis upon questions of moral motivation within the field. Often in business ethics‚ there is no real dispute about the content of our moral obligations
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ST 2.1 (Page 43 in Text Book): Profit vs Revenue Maximization Presto Products‚ Inc. recently introduced an innovative new frozen dessert maker with the following revenue and cost relations. P = $60 – $0.005Q TC = $88‚000 + $5Q + 0.0005Q2 MR = ∂TR / ∂Q = $60 – $0.01Q MC = ∂TC / ∂Q = $5 + $0.001Q A. Setup a spreadsheet for output (Q)‚ price (P)‚ total revenue (TR)‚ marginal revenue (MR)‚ total cost (TC)‚ marginal cost (MC)‚ total profit (π)‚ and marginal profit (Mπ). Establish a range for
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Roles and Functions of Law in Business and Society LAW-421 May 6‚ 2013 Roles and Functions of Law in Business and Society Law is a necessity in business and society. Law has been defined as “A body of rules of action or conduct prescribed by a controlling authority and having legal binding force” (Melvin‚ p. 4‚ 2011). Laws are essentially common sense or ethical standards that are enforced. Without laws‚ society would depend on all to be ethically and morally sound‚
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Every nineteen of August‚ it’s my birthday. My parents started to plan my birthday one week before. They wanted to bring me to Chuck E. Cheese because it was a good place for birthdays. It’s a good place for all ages because it has appropriate games‚ rides‚ prizes‚ food‚ and entertainment. It also has a good fresh baked pizza and a fresh salad bar. Chuck E. Cheese has all types of machines; exclusively it has some televisions for parents and kids. My family and I enter the building and
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Topic: Managerial prerogative has gone too far! Discuss. Introduction: Managerial prerogative has gone too far and can be reviewed as being a significant topic in today’s business environment. The issues pertaining to business on a global scale is the constant evolution of technology and the development this is making to the workplace. In order to meet the challenge imposed business managers need to have economic knowledge and the ability to maintain the technology advancements made. Additionally
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A totalitarian government can be defined as a form of government that theoretically permits no individual freedom and that seeks to subordinate all aspects of the individual’s life to the authority of the government. (britannica.com) All government activity is administered by one single person‚ a dictator‚ or by a small group of people who serve with loyalty to the dictator. Totalitarian dictatorships strive to be in control over all the aspects of private and public behavior by influencing all
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Module II: Fundamental Concepts of Managerial Economics * Opportunity Costs‚ Incremental Principle‚ Time perspective‚ Discounting and Equi-Marginal principles. * Theory of the Firm: Firm and Industry‚ Forms of Ownership‚ Objectives of the firm‚ alternate objectives of firm. * Managerial theories: Baumol’s Model‚ Marris’s Hypothesis‚ Williamson’s Model. * Behavioral theories: Simon’s Satisficing Model‚ Cyert and March Model. * Agency theory. * Opportunity cost principle
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good is hazardous to your health. f. The price of the good rises. 2) For each of the following changes‚ show the effect on the supply curve and state what will happen to market equilibrium price and quantity in the short run. a. The government requires pollution control filters that raise costs on goods. b. Wages of workers in this industry fall. c. There is an improvement in technology. d. The price of the good falls. e. Producers expect that the price of the good will fall in the
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