accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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social environment by offering programs that teach students about technology and concepts in communication. Verizon could get involved with health care by offering innovative communication strategies that can be used to assist health care professionals in communicating with each other and patients. A good strategy that will allow Verizon to be involved in energy management would be to reduce emissions. Verizon can do this by incorporating solar and fuel cell energy projects to decrease emissions. With
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AND EVALUATION OF LEADERSHIP IN THE CONTEXT OF FORMULATING BUSINESS STRATEGY Leadership is the art of getting someone else to do something you want done because he wants to do it. —General Dwight Eisenhower What is leadership? It is a process by which one person influences the thoughts‚ behavior‚ actions and attitudes of other people. Leaders set an example‚ they show a vision for the rest to follow‚ and they encourage and inspire to reach the needed goals. Leadership sets a direction‚
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QUESTION : What are NGOs? What do you think are the strengths and weaknesses of NGOs? The essay discusses what Non-Governmental Organizations (NGOs) are. The essay also discusses the strengths and weaknesses The term NGO is usually applied only to organizations that per sue wider social aims that have political aspects. NGOs are legally constituted organizations created by people that operate independently from any form of government. It is not possible to give a universal definition Non-Governmental
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Everyone is different in many ways. There are differences in gender‚ nationality‚ religious activities and there are differences in strengths and weaknesses. Those strengths and weaknesses are looked at in Corporate America and they assist the higher management in making decisions for the roles we play on each team. I will be discussing my strengths ’ and weaknesses. Over the years‚ I have learned how to react and respond in different ways and it all depends on what is happening in my surroundings. I owe
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Knowing my personal strengths and weaknesses is a very important step to improving myself. It will help me to define the areas in which I need to work on most. Many people feel that working on their weaknesses will be enough‚ but to really improve myself‚ I must be prepared to work on my strengths also. Achieving my life’s goals will be greatly enhanced by knowing what my strengths and weaknesses really are and being able to improve them by improving myself. My strengths that contribute to my job
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American Family Life Assurance Company (AFLAC) seeks to stay competitive in finding‚ retaining‚ and delivering quality service to 4‚500 employees‚ and cost containment is a major concern in a competitive environment. To help control employee costs‚ AFLAC used monetary and nonmonetary rewards as direct and indirect compensation to balance benefits and costs. As such‚ AFLAC’s total compensation plan consisted of base compensation‚ pay incentives‚ and indirect benefits (Gomez-Mejia‚ Balkin‚ & Cardy‚ 2016)
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successful cost reduction programmes In the current economic climate‚ most organisations must face up to a prolonged period of extreme competition and funding restrictions. This is particularly the case if the past few years have been focused on growth‚ service improvement or reorganisation (i.e. cost efficiency has not been a recent priority). Such pressures require an approach that reduces costs in a strategic‚ disciplined‚ and sustainable manner - delivered at pace. In our view serious cost reduction
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Strengths and weaknesses are important to us as individuals in order to make a difference in correlation to personal growth. Our individuality is further intensified by each of us having different goals‚ priorities and other special qualities. In writing this paper I plan to clearly define and identify each of my strengths and weaknesses. I believe this class is definitely giving me a greater understanding of the different techniques and methods that will allow me to improve my learning process.
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