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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CHAPTER 3 COST-VOLUME-PROFIT ANALYSIS TRUE/FALSE 1. To perform cost-volume-profit analysis‚ a company must be able to separate costs into fixed and variable components. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit (CVP) analysis 2. Cost-volume-profit analysis may be used for multi-product analysis when the proportion of different products remains constant. Answer: True Difficulty: 1 Objective: 1 Terms to Learn: cost-volume-profit
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colossal giants crumbling to their knees. The prime aim is to throw light at the subtle inconsistencies that can cost the companies far more than just money but their entire image. The asset of ‘good will’ has its nemesis in these unethical practices surfacing. Management accountants work inside a company‚ handling all internal accounting data. These individual often allocate production costs‚ create management reports and provide support for managerial decisions. Ethical issues can result from managerial
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Reflective account on communication Communication is very important in order to express needs and emotions. There are two types of communication‚ verbal and non-verbal‚ both of which are important in understanding and supporting someone. This report is based on a 40 year old lady that finds verbal communication hard‚ due to shyness. She also has bipolar and cerbal-palsey. The communication barrier I have with AB is she is finding speaking to me other then yes‚ no and don’t know very hard. She
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selecting strategies that yield a long-term competitive advantage. 2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity is an example of an irrelevant future cost for an accept-or-reject decision. 4. Past costs can be used to help predict future costs. 5. Yes. Suppose‚ for example‚ that sufficient materials are on hand for producing a part for two years.
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Costs of Production July 2011 Topics to be Discussed Measuring Cost: Which Costs Matter? How do Cost Curves Behave? – Cost in the Short Run – Cost in the Long Run How to Minimize Cost? How to draw Implications for Business Strategy? Topics to be Discussed Production with Two Outputs: Economies of Scope Dynamic Changes in Costs: The Learning Curve Estimating and Predicting Cost Measuring Cost: Which Costs Matter? Accountants tend to take a retrospective view of firms’ costs‚ whereas
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Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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(Reflective account of presentation) Compasses‚ maps and GPS were all used in combination together so that we could direct and navigate ourselves to our destination. Obviously the compasses were used to let us know what direction we were facing and what bearing we were taking‚ the maps were used so we could position and realise ourselves in relation to our destination in terms of distance‚ where we were and how far until we reached our intended location. What mostly determined what we were
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The aim of this assignment is to review a reflective account of events that occurred during a clinical placement‚ whilst on operational practice in an out of hospital environment. This incident involved a physical assault on a young woman. Siviter (2004) defines reflection as gaining self-confidence‚ identifying when to improve‚ learning from good or bad mistakes and behaviour‚ being self-aware and improving the future by learning the past. Therefore reflection can enable the Paramedic to use
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EXAMPLE OF A REFLECTIVE ACCOUNT FROM WHICH TO DEVELOP AN ACADEMIC POSTER Introduction Recently I have been studying on a Masters course and have been studying about leadership and management in health. I have little practical experience of leadership and management of health projects or services. It is important that I reflect on my learning as I hope to develop my skills and experience of management and leadership once I leave the university. Greenwood( 1993) suggests that reflection is about
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