Chapter 1 Preliminary concepts Concepts Overview The important concepts discussed in Chapter 1 were: 1.1 The main objective underlying corporate financial decisions is to maximise the value of the company‚ which in turn maximises shareholder wealth. This involves the optimal use of scarce resources. Fisher’s Separation theorem formally links the concepts covered in the chapter to provide a single decision rule for a firm’s investment decisions. This decision rule is that management’s role
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COST CLASSIFICATION CONCEPT OF COST: DEFINITION: A SACRIFICE OR GIVING UP OF RESOURCES FOR A PARTICULAR PURPOSE FREQUENTLY MEASURED BY THE MONETARY UNITS (RUPEES‚ DOLLARS) THAT MUST BE PAID FOR GOODS AND SERVICES . ➢ EMPHASIS ON COST INFORMATION: MANAGEMENT ACCOUNTANTS PAY A LOT OF ATTENTION TO COSTS BECAUSE COST HAVE A VITAL ROLE TO PLAY IN PLANNING ‚ EVALUATING AND DECISION MAKING. FOR EXAMPLE IN PLANNING THE ROUTE AND FLIGHT SCHEDULES THE MANAGER OF AN AIR LINE MUST CONSIDER
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A Feminist Criticism of A Farewell to Arms After finishing A Farewell to Arms‚ I found it difficult to reconcile Judith Fetterley ’s feminist attack of the novel with my own personal opinions. I agree that Hemingway does kick women to the curb in his portrayal of Catherine‚ but my reasons for pinning this crime on Hemingway are different from hers ’. Although she means well‚ Fetterley makes the ridiculous claim that by portraying Catherine as an angelic‚ selflessly loving "woman to end
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|Term-Concepts |Definition | |Purpose of Accounting |Communicating financial information to end users so they can make informed decisions. | |Accounting Entity |The financial affairs of the business are separate and distinct from the financial affairs of the owner. | |Monetary Concept |All transactions are recorded in
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Feminist Criticism of The Great Gatsby Feminist criticism focuses on the power relationships between genders and the ways pieces of literature has been shaped according to them. During the 1920’s‚ many changes had begun to counter the evident inequality between men and women. Views readily changed from politics to social lives as woman’s hemlines were raised and risks were taken. The confusion of this time for most men is seen in The Great Gatsby. In The Great Gatsby‚ Fitzgerald portrays the new
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assignment I am going to conduct a critique of the following service management ideas‚ theories‚ concepts and techniques; specifically with reference to their purpose‚ application and limitations and with regard to how these service management ideas‚ theories and techniques may contribute to the development of a successful business: Service concept‚ Service concept profiling and The SERVQUAL model. Service concept purpose‚ The service concept has been defined variously throughout the years‚ Haskett (1986)
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Tatum Schneidmiller Justice Theory Assignment #1 Ward Churchill’s criticism of social contract theory clearly applies to classic social contract theories that we discussed. However‚ Rawls adds the veil of ignorance concept to his more modern social contract theory. A) Explain the basics of Rawls and Churchill’s arguments and how they each criticize classic social contract theories. B) Discuss whether or not Churchill’s argument applies to Rawls’ modification and explain how and why it does
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Management From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search For other uses‚ see Management (disambiguation). Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning‚ organizing‚ staffing‚ leading or directing‚ and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing
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PRODUCTIVITY CONCEPTS AND MEASURES Productivity is an overall measure of the ability to produce a good or service. More specifically‚ productivity is the measure of how specified resources are managed to accomplish timely objectives as stated in terms of quantity and quality. Productivity may also be defined as an index that measures output (goods and services) relative to the input (labor‚ materials‚ energy‚ etc.‚ used to produce the output). As such‚ it can be expressed as: Hence‚ there
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* 50 %women in management; 2.6% women in top management * Managerial level: non-managerial employee-first-line- middle- top * Management involves coordinating and overseeing the work activity * Managerial concerns: * Efficiency (means): doing things right- getting the most output for the last inputs( resource usage) Low waste * Effectiveness (ends) : doing the right things- attaining organizational goals (goal attainment) High attainment Management Strives for: low
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