INTRODUCTION : Managerial accounting is concerned with providing information to managers – that is ‚ people inside an organization who direct or control it’s operations. Via managerial accounting managers understood that good business results come from dynamic processes ‚ procedures and practices that are well designed and properly implemented and managed. Certified management accountants are qualified to help their fellow managers achieve good business results because they have earned an advanced
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business and perhaps even on the structure of the industry itself. For hospitality business‚ it is no longer a question of whether to computerise‚ but which system will give the most benefits and should be installed first! The role of computers in hospitality management and operations has become increasingly complex. Many different types of hardware and software are used‚ and it can be difficult even to begin to understand the array of technical terms that can be encountered.
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SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 7-1 The correct order is: 1. 2. 3. 4. Identify the problem and assign responsibility. Determine and evaluate possible courses of action. Make a decision. Review results of the decision. BRIEF EXERCISE 7-2 Net Income Increase (Decrease) ($ 35‚000) (25‚000) $ 10‚000 Alternative A Revenues Costs Net income $150‚000 100‚000 $ 50‚000 Alternative B $185‚000 125‚000 $ 60‚000 Alternative B is better than Alternative A. BRIEF EXERCISE 7-3 Net Income
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SOCIAL Women’s role in the FRENCH REVOLUTION Women not invited to the assembly of estates general On 5 May‚ 1789‚ Louis XVI called a meeting of the estates meeting and women were not invited. However‚ their grievances were drafted in the 40000 letters. The modesty of most of these complaints and demands demonstrates the depth of the prejudice against women’s separate political activity. Women could ask for better education and protection of their property rights‚ but even the most politically
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Chief executive officer is the most important figure in strategic managementprocess. S/he plays many roles in an organization. Planning‚ organizing‚leading‚ and controlling are the major parts of management activities that amanager performs. Actually‚ strategic management is the top-levelmanagement. It covers all the management functions because it starts fromplanning such as environmental analysis and strategic choice‚ associated withorganizing and leading in implementation phase‚ and lastly also
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Appalachian Coal Mining believes that it can increase labor productivity and‚ there- fore‚ net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC = 40P where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR =1‚000 =10P. How much pollution reduction should Appalachian Coal
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LOYALTY Loyalty can be defined by anyone but there’s only one definition of loyalty. Google’s definition of loyalty is the quality of being loyal to someone or something. The second definition for loyalty is a strong feeling of support or allegiance; fights with in-laws cause divided loyalties. My definition of loyalty relates to the first definition; however‚ it consists of more than just that. Loyalty means respect and competence pertaining to a certain
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Examination Paper Semester I: Managerial Economics IIBM Institute of Business Management Semester-1 Examination Paper Managerial Economics Section A: Objective Type (30 marks) • • • This section consists of multiple choices & Short notes type questions. Answer all the questions. Part one carries 1 mark each & Part two carries 5 marks each. MM.100 Part one: Multiple choices: 1. It is a study of economy as a whole a. Macroeconomics b. Microeconomics c. Recession d. Inflation 2. A comprehensive formulation
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1. DESCRIBE THE MANAGERIAL LEVEL & MANAGERIAL SKILL IN HOSPITAL ADMINISTRATION MANAGMENT. Management is an art of getting things done through others. It is organized efforts so as to achive the predeterminedgoal. It is continuous process made up of various functions like planning ‚ organization ‚ controlling ‚ directing. A manager is person who is responsible for getting work done through people so he must have some skill “managerial skill”and levels “managerial levels “
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Marketing does not lend itself easily to definition‚ as there are numerous ways to define the term ‘marketing.’ Marketing has had a long history of being associated and involved with advertising‚ promoting or selling‚ in other words persuading consumers to purchase their products‚ however‚ these aspects are just the basic and typical generalisation that are used when defining marketing. This essay will analyse various definitions of marketing and highlight how they are different. In the text
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