According to this concept‚ it is assumed that the business will continue for a fairly long time to come. There is neither the intention nor the necessity for the purpose of liquidating the particular business venture in the foreseeable future. This is because if the results of the business operation were to be accounted for on the basis of the expected liquidation it would be almost impossible for suppliers to supply goods and services and other business firms to enter into any economic transactions
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Chad’s creative concept is a company producing and manufacturing wood furnitures. The company builds up a good reputation for creative designs and high-quality workmanship. In the beginning the primary idea of production was custom-made furniture and eventually the whole company was entirely focused on that. The customers specified their wishes and preferences of the kind of wood. The reputation and the sales were increasing with the same speed‚ quite quick. Chad’s creative concept starts selling
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BUSM35436 Business Cases Sullivan Flooring Concept NAME: Aisosa Okitikpi DAY & TIME of CLASS: (Wed 12pm) Key Facts of the Case (no analysis) -Who is the decision maker? (Remember: in analyzing a case you have to put yourself in the position of the decision maker and try to figure out what YOU would do in his/her position). Norm Sullivan -maximum 5 key facts that summarize the case. Fierce Competition Price Unique wood flooring concept Growing interests Culture change Problem(s) Statement
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Proposed MITHI Concept Paper Final Version Agency: | Inter-Country Adoption Board | Title: | Human Resource Management System | Rationale and Proposal Background | In the rapid exchange Information and Technology nowadays some of our job is a one-click away. Most of our transaction is now computer operated; we can monitor all of our activity in our agency in just one-click. We can use the massive innovation of our technology to make our monitoring of our employee by means of this
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as a concept The concept of balance of power is considered as one of the oldest and fundamental concept in the field of international relations (Paul T.V 2004). International relations theorists had been defining balance of power differently to highlight its significance and relevance in international politics‚ as David Hume declared balance of power as scientific law due to its significance in international politics. Glenn Snyder highlighted balance of power as a core theoretical concept in international
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Concept and significance of Auditing The word ‘audit’ is derived from the latin word ‘audire’ which means to hear. In the olden times‚ when frauds or errors were suspected as regards receipts and payments in business or to verify tax amount payable to the king‚ explanations would be heard from persons responsible for keeping accounts. Today‚ audit is more than just cash verification. It is reporting about the financial position of an organization as disclosed by the Profit and Loss account
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Value Engineering (VE): Value Engineering is an organized approach for identification and elimination of unnecessary cost. • QIP‚ QC & Benchmarking: Tata Steel adopted Juran Trilogy concept for undertaking Quality Improvement Projects (QIP). Quality Circles (QC) are small group activities which involves first-line employees who continually control and improve the quality of their work‚ products and services. Benchmarking is a process of exploring for best practices and performances across the
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Concept of Nursing Rounds: What is it and is it a good thing? Meghan Glass Northland Pioneer College Nursing rounds play an extremely important role in the field of nursing. The concept of nursing rounds is to ultimately provide patient safety. In order to provide patient safety‚ hourly rounding was initiated. Patient safety has always been an important part of nursing rounds‚ but recently it has been revamped. The purpose of hourly nursing rounds is to check on the patient on
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Marketing is the process of communicating the value of a product or service to customers‚ for the purpose of selling that product or service. Marketing techniques include choosing target markets through market analysis and market segmentation‚ as well as understandingconsumer behavior and advertising a product’s value to the customer. From a societal point of view‚ marketing is the link between a society’s material requirements and its economic patterns of response. Marketing satisfies these needs
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Elizabeth Lake Concepts and Nature of Law John Austin 1) PHILOSOPHER’S VIEW John Austin’s philosophy of law was that “where there is law‚ there are patterns of commanding and obeying. His definition of commanding was a general one rather than specific to a given occasion or an expression of one person’s wish for another person to act a certain way. He believed that any expression of an intention did not count as a command‚ only the expressed intention of a superior or sovereign who has
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