INVENTORY – PERIODIC INVENTORY SYSTEM In a Periodic Inventory System‚ no effort is made to keep up – to – date records of either the inventory or the cost of goods sold. Instead‚ these amounts are determined only periodically __ usually at the end of each year. It is used by very small businesses having manual accounting systems. Questions 1 – 3 (Meigns & Meigns)‚ Question 4 (Fess & Warren) Question 1:- Mach IV Audio uses periodic inventory system. One of the
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The Art of Motivation: It’s Affects and Applications Part I. Definition and Importance of Motivation Before delving into the topics of motivational theories‚ the affects of motivation‚ and motivational tools‚ etc.‚ it is important to first define motivation and explain why the subject of motivation is so important in the organizational setting today. Motivation Defined The topic of motivation is not something new. For decades‚ scholars‚ researchers‚ theorists‚ psychologists‚ and organizational
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product cost is the cost of goods and the amount of operating expenses. What sets Trends Fashion apart from other retail locations is its unique consignor/consignee retail strategy‚ which allows them to cover the cost of obtaining the goods plus the expenses related to operating the business. The wide range of products offered by Trend requires an efficient pricing strategy in terms of pricing lines and pricing ranges. Trend is able to calculate a selling price on used clothing no matter what item it
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Essay on Trends in Globalization Henrieta Bevilaqua 12027383 The Hague University of Applied Sciences January 2014 Table of contents Introduction Globalization is being discussed a lot these days. Its impact became so strong in every aspect of our lives that it is cannot be ignored. Even if we live in Moldavia we come home from Finish sauna on our German car listening to Dutch Dj’s. We come home‚ feed our Persian cat with meal produced in Taiwan and sit on our couch from
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Six Recommendation on Motivation theory The Goal of this Article is to analyse the various Motivation Theories for employees in the workplace environment. It attempts not to just present yet another theory of work motivation‚ rather focusing on metatheory which is the processes through which we can build more valid‚ more complete and more practical theories. The authors of this article have drafted six recommendations that they believe and feel that are the best. It is in their
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Career Motivation is usually examined among young or mid-career workers. The older worker is left alone. Unfortunately‚ in an environment in which the older person represents the fastest growing segment of the labor force‚ this critical resource is being frittered away. Examination of current practices suggests a large portion of older workers are persuaded by their employers’ actions that their careers are at an end. Alternatives to extend and increase this group’s Career motivation are discussed
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Workplace violence is violence or the threat of violence against workers. It can occur at or outside the workplace and can range from threats and verbal abuse to physical assaults and homicide‚ one of the leading causes of job-related deaths. The Occupational Safety and Health Administration (OSHA) reports that over 2 million American workers are victims of workplace violence each year. OSHA describes workers who provide services‚ work in remote or high crime areas‚ and those who work shift hours
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ORGANIZING Organizing Trends in Workplace Traditional Trends In designing a structure to support the efficient and effective accomplishment of organization goals‚ managers may choose to follow more traditional organizational organizational designs. The design are including functional‚ divisional‚ product‚ geographical‚ process and customer. A functional structure is an organizational design that group similar or related occupational specialties together. It’s functional approach to departmentalization
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supportive environment‚ leading to financial success‚ customer satisfaction and employee performance – all to drive organisational performance. (SHRM Research Quarterly‚ 2010). This report was made to explain the relationship between leadership and motivation‚ and why these both are important for managers to be aware‚ with reference to relevant theories and concepts. Based on examples in PTEI to illustrate situation related with these both themes‚ it is can be seen that with key leadership element
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The success of any organization is directly proportional to the employee’s motivation from the leadership. Motivation of the employees is considered as an important factor which is used in improving employee performance thus helping any business or organization to achieve its long term objectives. Leaders can use their positions to motivate employees through incentives and recognition. Consequently‚ performance of the employees can also be awarded through cash incentives as it improves the morale
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