Yitzhak Rabin Was an Israeli politician‚ statesman and general. Served two terms in office until his assassination in 1995. Before his assassination he won the Nobel peace prize. He was assassinated by his right-wing Israeli radical Yigal Amir‚ who was opposed to Rabin’s signing of the Oslo Accords. Rabin was the first native born prime minister of Israel‚ the only prime minister to be assassinated and the second to die in office. The assassination of Yitzhak Rabin was a shock for most of the Israeli
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THE SCARLET LETTER * Title: The Scarlet Letter * Author: Nathaniel Hawthorne * Author DOB: July 4‚ 1804 - May 19‚ 1864 * Genre: Historical Fiction‚ Historical Romance‚ Novel * Setting: Mid-17th Century/Boston‚ Massachusetts * Social Milieu: This novel‚ The Scarlet Letter‚ takes place in a time period of which acts such as Adultery were frowned upon. The sanctity of marriage was not taken lightly back then. People who committed Adultery were publicly shamed‚ and worse. Now
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“What are the greatest lessons learned by Filipinos from their colonial experiences? Explain?” Being brave‚ well-disciplined‚ helpful and also love for their country are some of the lessons they had learned. They fight for their own freedom. They not allow their selves to be under controlled by other races. They learned to love their country because if they will allow it to be conquered‚ they will lose their own home. They will be slaves forever. Filipinos learned to be strong‚ not to give up
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Definition: A firm pursuing a cost-leadership strategy attempts to gain a competitive advantage primarily by reducing its economic costs below its competitors. If cost-leadership strategies can be implemented by numerous firms in an industry‚ or if no firms face a cost disadvantage in imitating a cost-leadership strategy‚ then being a cost leader does not generate a sustained competitive advantage for a firm. The ability of a valuable cost-leadership competitive strategy to generate a sustained
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Cost classification is the process of grouping costs according to their common characteristics. A suitable classification of costs is of vital importance in order to identify the cost with cost centres or cost units. Cost may be classified accounting to their nature‚ i.e.‚ material‚ labor and expenses and a number of other characteristics. The same cost figures are classified according to different ways of costing depending upon the purpose to be achieved and requirements of particular
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Classification of Cost Cost may be classified into different categories depending upon the purpose of classification. Some of the important categories in which the costs are classified are as follows: 1. Fixed‚ Variable and Semi-Variable Costs The cost which varies directly in proportion with every increase or decrease in the volume of output or production is known as variable cost. Some of its examples are as follows: • Wages of laborers • Cost of direct material • Power The cost which does
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COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER
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Costs of Production July 2011 Topics to be Discussed Measuring Cost: Which Costs Matter? How do Cost Curves Behave? – Cost in the Short Run – Cost in the Long Run How to Minimize Cost? How to draw Implications for Business Strategy? Topics to be Discussed Production with Two Outputs: Economies of Scope Dynamic Changes in Costs: The Learning Curve Estimating and Predicting Cost Measuring Cost: Which Costs Matter? Accountants tend to take a retrospective view of firms’ costs‚ whereas
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Chapter 1 Basic Cost Concepts Learning Objectives • To understand the meaning of different costing terms to understand different costing methods • To have a basic idea of different costing techniques • To understand the meaning of cost sheet In order to determine and take a dispassionate view about what lies beneath the surface of accounting figures‚ a financial analyst has to make use of different management accounting techniques. Cost techniques have a precedence over the other
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manufacturing cost categories. LO2 Distinguish between product costs and period costs and give examples of each. including calculation of the cost of goods sold. LO4 Prepare a schedule of cost of goods manufactured. LO5 Understand the differences between variable costs and fixed costs. LO6 Understand the differences between direct and indirect costs. LO7 Define and give examples of cost classifications used in making decisions: differential costs‚ opportunity costs‚ and sunk costs. LO8
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