is not sure about the difference between cost accounting and a cost accounting system. Explain the difference to Joe. (b) What is an important feature of a cost accounting system? 2. (a) Distinguish between the two types of cost accounting systems. (b) May a company use both types of cost accounting systems? 3. What type of industry is likely to use a job order cost system? Give some examples. 4. What type of industry is likely to use a process cost system? Give some examples. 5. Your roommate
Premium Manufacturing Cost accounting
“Homelessness." Homelessness - Children‚ Define‚ Causes‚ Effects‚ Adults‚ Drug‚ Person‚ People. N.p.‚ n.d. Web. 19 Jan. 2017. A homeless person is any person who needs lodging‚ including someone whose main living place at night is a public place that provides temporary living conditions or a person who doesn’t have anywhere to stay. Poverty goes side by side with homelessness. Individuals with mental illness are at higher risk for becoming homeless because of difficulties connected with deinstitutionalization
Premium Homelessness Poverty Unemployment
SCHOOL COURSEWORK IN LABOR ECONOMICS Chinese Labor Market Student: Goremykina Polina Group № 5302 Supervisor: Razumova T. O. Moscow 2012 Table of contents: 1. Introduction 3 2. Transition of the Chinese labor market 4 2.1 Breaking the Iron Rice Bowl 4 2.2. Consequences for a Labor Force in Transition 6 3. Labor market reform 7 3.1. Post-Wage Grid Wage Determination 8 3.1.1. Flexible Labor Market 8 3.1.2. Government
Premium Employment Labor Organizational studies and human resource management
CONSUMER BEHAVIOR 1.Consumer Orientation: A group of actions taken by a business to support its sales and service staff in considering client needs and satisfaction their major priorities. Business strategies that tend to reflect a customer orientation might include: developing a quality product appreciate by consumers; responding promptly and respectfully to consumer complaints and queries; and dealing sensitively with community issues 2.Learning: Measurable and relatively permanent change in behavior through experience
Premium Classical conditioning Behaviorism Ivan Pavlov
Consumer in Market All the people participate in the market either as consumer or seller or producer. Any person who buys a commodity or service for direct use or ownership. I‚ you‚ we all are consumers when we buy a product or service. But people who acquires goods or services for resale or use in production and manufacturing cannot be considered consumer. In free market economics‚ consumers dictate what goods are produced and are generally considered the center of economic activity. Individual
Premium Consumer protection
EXC2112 CONSUMER BEHAVIOUR Case: Wii´s Success CASE ONE: NINTENDO WII’S SUCCESS Q1: What consumer needs are driving the success of the market adoption of Nintendo Wii? Consider the innate and acquired needs. Innate needs are ’biogenic’ or ’physiological needs’ which refer to needs such as air‚ food water‚ shelter‚ clothing etc. While acquired needs are those we learn from our culture and surroundings‚ also known as ’psychological’ or ’psychogenic needs’ i.e. affection‚ power‚ learning
Premium Video game console Wii Nintendo
precisely what promises are included in the contract. Some statements do not form part of a contract‚ even though they might have induced the other party to enter into the contract. These pre-contractual statements are called representations. The consequences of such representations being false will be considered below (see below‚ 7.3) but‚ for the moment‚ it is sufficient to distinguish them from contractual terms‚ which are statements which do form part of the contract. There are four tests for distinguishing
Premium Contract Contract law Contractual term
large US retailers have the access to exploit offshore cheap labor in order to get apparel to the racks of their stores. ‘The Price of A Cheap Suit’ is an article about the sweatshop conditions in third world companies such as Bangladesh where basic worker right conditions are not respected. Large apparel companies do not want to be associated with offshore suppliers that violate basic human rights due to immense pressure from consumers and Non profit Organizations. An example given in the article
Premium United States Minimum wage Employment
Some Consequences of Unemployment We often hear about the main causes for unemployment. When consumers buy fewer goods‚ shops and factories may have to reduce the number of workers or close entirely. As the government collects less sales tax‚ civil employees may likewise lose their jobs. Changes in technology may also bring about a rise in unemployment as workers are no longer needed in certain sectors. Natural disasters such as tornadoes and floods may cause so much damage that normal employment
Premium Unemployment Crime Economics
Opportunity cost Have you ever been in the situation deciding which cloth to buy? Have you ever facing the dilemma of to study or to play? Have you ever consider as a seller and choose to lower the price or raise it? In the field of economics‚ here’s a solution for you. The magic word is “opportunity cost”. Opportunity cost in terms of economy is the highest-value alternative one has to give up to engage in an activity. In other words‚ using the same resources such as money and time‚ the best
Premium Economics Price Costs