EconomicThis document has been made available on www.actuaries.org.uk with the permission of the Society of Actuaries‚ Schaumburg‚ Illinois. Copyright 2008. Specialty Guide on Economic Capital Version 1.5 March 2004 Specialty Guide on Economic Capital Section I. II. Page FOREWORD...................................................................................................................1 INTRODUCTION AND OVERVIEW .........................................................
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Efficiency entails in providing public services at the lowest cost without compromising quality. In performance budgeting‚ resources allocation is based on results. Efficiency will be achieved through performance management where all police tasks will be funded based on performance. Effectiveness refers to the ability of police performance to meet expectations. Effectiveness
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What’s your real cost of capital? By James J. McNulty‚ Tony D. Yeh‚ William s. Schulze‚ and Michael H. Lubatkin Harvard Business Review‚ October 2002 Issue of the article: valuing investment projects Number of pages: 12 Daniel Miravet Campos Part 1. Executive summary This article is fundamentally based on the exposition of a new method to calculate the cost of capital for a company (MCPM)‚ to meet the inefficiencies of the current one (CAPM). In valuing any investment project or
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1. ASSIGNMENT 2: OPERATIONS DECISION Introduction This document will briefly describe the details of a fictitious business (X-QUIZIT INC). It will show an assessment of the current environmental scan factors that are relevant to the business decision making process and the factor that will have the greatest impact on the business operations and management’s decision to continue or discontinue its operation. It will also show an evaluation of the financial performance of the company using the
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Issues in Accounting Education Vol. 15‚ No. 2 May 2000 Budgeting and Performance Evaluation at the Berkshire Toy Company Dean Crawford and Eleanor G. Henry ABSTRACT: This case1 provides an opportunity to study budgets‚ budget variances‚ and performance evaluation at several levels. As a purely mechanical problem‚ the case asks for calculations of various price‚ efficiency‚ spending‚ and volume variances from a set of budgets and actual results. The case is also an interpretive exercise. After the
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His moral compass always points in the right direction. He always saves the day. He’s the first comic book superhero. He made his introduction in 1938 in Action Comics #1. He wears a red cape. He’s an alien from the planet Krypton. His alter ego is Clark Kent. He has a giant S on his chest. He’s … Superman! Having grown up on a different planet‚ Superman was born with powers. Just like how all dogs bark and all humans have belly buttons‚ everyone on Krypton has abilities like Superman. He’s super-strong
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non-programmed decisions Prepared by: Rehab Mohamed Abd El Rasoule PROGRAMMED AND NONPROGRAMMED DECISIONS Programmed decisions: Programmed decision are decisions that have been made so many times in the past that managers have developed rules or guideline to be applied when certain situations are expected to occur in a certain situation. Another definition: It’s made in accordance with written or unwritten policies‚ procedures‚ or rules that simplify decision making
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According to Malcolm Clark‚ “Muslims today who want to establish a Muslim state often look to the first Islamic states for models to emulate and for inspiration” (Clark 15). Therefore‚ to develop an understanding of the Muslim culture‚ we must review the birth and expansion of Islam. Islam began when the angel Gabriel appeared before Muhammad‚ telling him that God had declared him as “His last prophet” (Clark 9). This happened in 610 A.D. in Mecca‚ presently known as Saudi Arabia. Over the course
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popular phrase “Badhiya Hain”‚ for how good his house looks over the years even though other things changed. The ad is for Asian Paints‚ India’s largest paint company and third largest paint company in Asia. It was founded in 1942 and is headquartered in Mumbai. Asian Paints‚ with revenue of ten thousand crores‚ can boast of a healthy profit of around 900 crores. Asian Paints operates in 17 countries across the world. The company has a dedicated Group R&D Centre in India and has been one of the pioneering
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Lewis and Clark Expedition Thomas Jefferson had many goals for the Lewis and Clark Expedition‚ but the main goal was to find an all water route to the Pacific Ocean. Although they did not accomplish this goal‚ they did accomplish many more of their goals. One of the goals they fulfilled included taking notes of the lands economic potential during their expedition. Also‚ Lewis and Clark‚ both wrote diaries that reported wildlife‚ abundant resources‚ opportunities for trade‚ and other information
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