Structure Setting and Adjustment | Definition | A pay structure is a collection of pay rates or pay ranges.Structure setting and adjustment is the process of developing‚ adjusting‚ and maintaining a pay structure. | Purpose | Pay structures are used to help organizations: * maintain pay levels that are competitive with the external labor market‚ * maintain internal pay relationships among jobs‚ * recognize and reward differences in level of responsibility‚ skill‚ and performance‚ and
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Quality Cost 1 Quality is defined from the customer´s point of view l Performance l Performance or the primary operating characteristics of a product or service. Example: For a car‚ it is speed‚ handling‚ and acceleration. For a restaurant‚ it is good food. l Features l Features or the secondary characteristics of a product or service. Example: For a TV‚ it is an automatic tuner. For a restaurant‚ it is linen table cloths and napkins . l Reliability l Reliability
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SOCIAL NETWORKS CAN DECREASE INTELLIGENCE Agreed because social networks has a lot of attractions which can distract us from doing what we really want to do. Take facebook as an example. You were doing your add maths homework and you were so stressed to you want relax your mind by just updating yourself abt what’s happening among your friends. All of a sudden‚ you get a notification from your friend asking you to play a game. You’ve never played this game before so you were interested. So you
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What is causing the decrease of rhinoceros population? L Suarez Science Ms Secada Date 5th Period 2 What is causing the decrease of rhinoceros population? Rhinoceros‚ often abbreviated as rhino‚ is a group of five surviving species of odd-toed ungulates in the family Rhinocerotidae. Two of these species are native to Africa and three to Southern Asia. Rhino species size comparison: Indian Rhino‚ over 1.8m‚ White Rhino‚ 1.8m‚ Black Rhino ‚ over 1
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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Product cost is the cost of direct labor‚ direct materials‚ and manufacturing overhead that are consumed to create a product. Product cost can also be considered the cost of the labor required to deliver a service to a customer. Direct Material Cost Definition: Direct material cost is the cost of materials used to manufacture a product or provide a service. Direct Labor Definition: Direct labor is production or services labor that is assigned to a specific product‚ cost center‚ or work order
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Each and every person has the potential and free choice to pursue a career as an entrepreneur. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 2. The generation of the 21st century may become known as generation E because they are becoming the most entrepreneurial generation since the Industrial Revolution. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 3. Determining a person’s “entrepreneurial
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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3. How did observers explain the decrease in democracy and popular participation in government during the decade? During the 1920s‚ it was observed that there was a decrease in American citizens’ possession of democratic thought‚ which promoted a “…radical‚ self-directed citizen” (Foner 769)‚ and popular participation in the government. Walter Lippmann‚ author of Public Opinion and The Phantom Public explained that the decrease in democracy was due to the fact that “…the American voter was ill-informed
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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