Variable costing and absorption costing are the two most commonly used methods of inventory costing for manufacturing companies. The inventory method of variable costing takes place when total direct and indirect variable manufacturing costs are included within inventoriable costs. Fixed manufacturing costs however‚ are considered costs of the period under variable costing. The next method of inventory costing‚ absorption costing‚ includes all variable manufacturing costs as well as fixed manufacturing
Premium Variable cost Costs
RESOURCE-BASED-VIEW OF A FIRM LITERATURE REVIEW 3 Introduction- What is the Resource-Based-View of a Firm? 3 Resource-Based-View -Background 3 Resources & Capabilities of a Firm 4 Firm Resources & Sustainable Competitive Advantage 5 Value 5 Rareness 6 Inimitability- Is it hard to copy? 6 Non- Substitutability 7 Durability 7 Imperfect Mobility 8 Appropriability- Who captures the value the resource creates? 8 Competitive Superiority 9 The RBV of a Firm’s Ability to Innovate 10 Conclusion
Premium Strategic management Human resource management
SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
Premium Profit maximization Economics
ABSTRACT Since the establishment of the first national strategic development plan in the early 1970s‚ the construction industry has played an important role in terms of the economic‚ social and cultural development of Indonesia. The industry’s contribution to Indonesia’s gross domestic product (GDP) increased from 3.9% in 1973 to 7.7% in 2007. Business Monitoring International (2009) forecasts that Indonesia is home to one of the fastest-growing construction industries in Asia despite the average
Premium Regression analysis Indonesia Strategic management
ECO204: Solutions to Homework 5 1. True‚ False‚ Uncertain a. False. Methods to eliminating moral hazard include writing efficient contracts between principals and agents‚ bonding and deferred payments. The methods to eliminate adverse selection include sending signals and relying on 3rd parties to verify quality. b. True. When there is asymmetric information‚ it drives out high-quality goods because consumers have a difficult time differentiating between high- and low-quality goods. As a result‚
Premium Risk aversion Supply and demand Economics
to be profitable‚ provide healthy and quality foods to consumers and above all retain its leadership potentials in the restaurant and fast food business. The report also looks at what organization’s vision and mission statement means. It touches strategic objectives by dealing with strategy formulation‚ analysis and implementation. Corporate governance has to be used to reposition the operations of PBC‚ analysis of both the micro and macro environmental points of view of the organization - where
Premium Strategic management Management
Marino Mr. Winters English 101 April 4‚ 2012 Can You Find Me Now? How is a Nintendo Wii console able to determine the location of a Wii Remote while a player interacts with a game? The answer is triangulation‚ a process that determines the location of an object by meaning the angles from two or more fixed points. Surveyors often use triangulation to measure distance. Starting at a known location and elevation‚ surveyors measure a length to create a base line and then use a theodolite to measure
Premium Wii Bluetooth History of video game consoles
Can money buy you happiness? Money would probably be on the top of everyone’s list of things they desire‚ along with other things that only money could buy‚ but does that mean that money will make you happy? Happiness cannot be found in inanimate objects such as a new car or a huge house if you have no one to share it with. Money can lead to lots of lovely things and great opportunities but it can induce greed in a person‚ it’s like most things if you have too much of it all you want is more. It
Premium Happiness Wealth Eudaimonia
WHAT IS A RANDOM VARIABLE? A random variable assigns a number to each outcome of a random circumstance‚ or‚ equivalently‚ a random variable assigns a number to each unit in a population. It is easier to create rules for broad classes of situations and then identify how a specific example fits into a class than it is to create rules for each specific example. We can employ this strategy quite effectively for working with a wide variety of situations Involving probability and random outcomes. We
Premium Random variable Probability theory
Catch Me If You Can written by Frank A. Abagnale and Stan Redding portray a remarkable tale of adventurous‚ deceitful crimes. A sixteen year old teenager impersonates different occupations and forges checks to live a luxurious life without any parental supervision even though his age characterizes him as a minor. His expenditures led the police in fifty states and twenty-six foreign countries on the search for him as one of the most wanted criminals. However‚ looking for the teenager was difficult
Premium English-language films Catch Me If You Can Boy