Case 10-27 /Rigging Standards 1) How did Preston Lansing Probably ‘rig’ the standard costs-are the standards set too high or too low? Explain The standards are set too high. When the products are run at a lower cost than the standard‚ then this produces a favorable variance. The cost of goods sold and variance should net to the correct cost though and this is the reason the system creates the variance. Lansing set a loose standard which the standard quantities and standard price are high‚ flowing
Premium Revenue Generally Accepted Accounting Principles Net income
Upon notification that we are receiving a new female soldier‚ the process of integration would not change. SPC Emily Hobson is a soldier and took the same oath as the rest of the section and should be treated the same: however‚ in the ARMY‚ you can “add” to‚ not take away. I would ensure to brief my section on the incoming personal and about some upcoming mandatory training that has to happen after SPC Hobson arrives. Upon arrival‚ I would have already determined who SPC Hobson’s sponsor will be
Premium Army Military United States Army
Bid Rigging Bid rigging is a major source of corruption in procurement organizations today. According to the Organization for Economic Co-operation and Development (OECD)‚ “bid rigging (pr collusive tendering) occurs when businesses‚ that would otherwise be expected to compete‚ secretly conspire to raise prices or lower the quality of the goods or services for purchasers who wish to acquire products or services through a bidding process” (Danger‚ 2009). Bid rigging can occur is both public and
Premium Sherman Antitrust Act Procurement Cartel
Exposure Draft Accounting Standard (AS) 9 (Revised 20XX) (Corresponding to IAS 18) Revenue (Last date for Comments: June 07‚ 2010) Issued by Accounting Standards Board The Institute of Chartered Accountants of India 2 Exposure Draft Accounting Standard 9 (Revised 20XX) (Corresponding to IAS 18) Revenue Contents Objective Scope Definitions Measurement of revenue Identification of the transaction Sale of goods Rendering of services Interest‚ royalties and dividends Disclosure Effective
Premium Contract
Logical fallacy (11/22) In the coming election you have a choice between voting for me or voting for fiscal irresponsibility. This is an either-or fallacy and it is faulty in that it only gives you two choices and you don’t know anything else about these choices other than what you read. Like the “me” in the sentence could be a very irresponsible person as well. Slip or Trip Thesis Statement (11/22) I believe that the girl is guilty because the way he feel‚ the burning of stuff on the stove‚
Free Writing Writing style
Globalisation had brought new and common standard for worldwide. The norm‚ consumption attitude‚ believes and personal preference had been made into common. The global process shows fast growing speed make business communication becomes more multicultural. It also leads to complex condition in business. The growing need for cross culture ethic that require more regulations such as equal treatment‚ work safety guarantee and environment friendly policy. Under the globalisation trend‚ economic links
Premium Ethics Business ethics
Manager induction standards Standards for managers new in post in adult social care‚ including those managing their own support workers 2012 ‘Refreshed’ web edition‚ with guidance and certificate we help employers to manage their workforces Contents Introduction Core standards 1 2 3 4 5 6 7 8 Governance and accountability Systems and processes to promote communication Partnership working and relationships Using person-centred practice to achieve positive outcomes Team leadership and management
Premium Management Risk management
Briefly assess the current status and any issues with regard to: strategic vision‚ mission statement‚ core values‚ objectives‚ and strategy in the Robin Hood case. Offer brief remarks on addressing the situation. Strategic vision-describes management’s aspirations for the future and delineates the company’s strategic course and long-term direction Mission Statement- describes its purpose and its present business (Who we are‚ what we do‚ and why we are here) Core Values- are the beliefs‚ traits
Premium Strategic management Strategic planning Strategy
When reading Rigging the Game By Michael Schwalbe‚ I knew there are many social and structural inequalities with our society‚ but I never really understood how these inequalities affect society. Schwalbe discuss the different kinds of capitals human‚ social‚ and cultural (10). He describes human capital as “…credentials‚ skills‚ and work experience” (10). If you were born in an environment that possessed no work ethic or capitalized on your individual skills (uniqueness)‚ the road to success could
Premium Sociology Social capital Capital
begun to spring revolving around deception in journalism. Many cases prove other wise but many at times‚ deceptive methods in journalism are still unacceptable and it jeopardizes the accountability of this profession. The code of ethics serves as a guideline for all editors and journalists to be able to sustain accountability in their work. (Richards‚ I 2005) How does it justify a journalist’s work when he bridges the code of ethics just to be able to provide information? As explained by Elliot
Premium Journalism Deception Mass media