ineffective spending around the globe‚ lawmakers looking for cost-saving measures would do well to turn to prisons. Prison reform must attain the lowest economic costs‚ lowering actual taxpayer dollars spent without giving up the benefits of attaining important social goals‚ which represent another form of cost when lost. Undoubtedly‚ the current prison system is doing little to separate the US from its international counterparts in minimizing such cost‚ yet prison privatization has yielded hopeful results
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2007 SAMSUNG ELECTRONICS Environmental & Social Report Contents Message from the CEO 08 At a Glance 10 Company Profile Financial Performance Our Sustainability Our Environment 11 14 16 20 Philosophy & Policy Focus Areas Management System Activity & Performance 21 22 23 27 Our Business Partners 44 Philosophy & Policy Focus Areas Management System Activity & Performance 45 46 47 49 Our Community Philosophy & Policy
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Street Journal. Cost Management and Strategy – refer to your assigned questions and problems Cost Drivers and Basic Cost Concepts -- What is a cost? Define cost pools. What is a cost object? cost assignment? Contrast a direct cost with an indirect cost. Define cost allocation. What is an allocation base? Contrast cost assignment with cost allocation. What is a direct material? Direct labor? Indirect material? Indirect labor? factory overhead? What are conversion costs? Prime costs? What are the
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Cost of Quality (COQ) "The cost of quality." It’s a term that’s widely used – and widely misunderstood. The "cost of quality" isn’t the price of creating a quality product or service. It’s the cost of NOT creating a quality product or service. Every time work is redone‚ the cost of quality increases. Obvious examples include: The reworking of a manufactured item. The retesting of an assembly. The rebuilding of a tool. The correction of a bank statement. The reworking of a service‚ such as
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management team with an average of 20 years of business experience. They built a strong vision for the company that eBay is a company that’s in the business of connecting people‚ not selling them things. Meg Whitman has achieved success as president and CEO of eBay‚ now the fastest-growing company in history. The online marketplace has grown faster than Microsoft and Dell did in their first eight years‚ and if it were a bricks-and-mortar operation‚ eBay would be bigger than Best Buy and closing in on Lowe’s
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than the cost of capital. The cost of capital is the rate of return that capital could be expected to earn in an alternative investment of equivalent risk. If a project is of similar risk to a company’s average business activities it is reasonable to use the company’s average cost of capital as a basis for the evaluation. A company’s securities typically include both debt and equity‚ one must therefore calculate both the cost of debt and the cost of equity to determine a company’s cost of capital
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Cost allocation for indirect costs Cost Pool – Set of costs that are added together before being allocated to cost objects on some common basis Cost Driver/ Allocation base Cost Object Cost Driver Rate = Total Costs in Pool/ Total Quantity of Driver Where total quantity of driver = practical capacity of driver Cost of excess capacity = Cost Driver Rate * Excess capacity Predetermined overhead rate - cost per unit of the allocation base used to charge overhead to products. Predetermined
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FREE CONSENT Meaning * Agreement or act of assenting to an offer * No consent no contract Free Consent – Consent is said to free when it is not caused by * Coercion * Undue influence * Fraud * Misrepresentation * Mistake Flaw in consent * Coercion When person compelled to enter into contract by use of force by other party Coercion is the committing or threatening to commit any act forbidden by Indian Penal Code 1860 or unlawful detaining
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programmes. It aims to achieve this by: Raising awareness of the importance of knowledge to development work and its contested nature; Promoting investment in and use of Southern knowledge production of all types and origins; Creating an environment for innovation‚ supported by research on existing and emergent practice‚ for people working in the development sector to raise and discuss means of addressing these issues; and Finding‚ creating‚ testing and documenting ideas for processes and tools
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of Common Man Common man term is coined by great cartoonist R K Laxman in his daily cartoon strip‚ "You Said It" in The Times of India. Over time‚ the common man has represented the hopes‚ aspirations‚ troubles and perhaps even foibles of the average Indian. Mr. Laxman once said of his Common Man‚ "I would say he symbolises the mute millions of India‚ or perhaps the whole world‚ a silent spectator of marching time." Most of us are common man and most of us would agree that being a common man
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