THE COST AND SALES CONCEPT Cost is defined as a reduction in the value of an asset for the purpose of securing benefit or gain. Cost is defined in a hotel and restaurant as the expense to a hotel or restaurant for goods or services when the goods are consumed or the services are rendered. KINDS OF COSTS 1. Fixed costs – are those that are normally unaffected by changes in sales volume. They are said to have little direct relationship to the business volume because they do not change
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Self-control is the ability to control one’s emotions‚ behavior‚ and desires in order to obtain some reward‚ or avoid some punishment. Presumably‚ some reward or punishment is operating in the short term which precludes‚ or reduces‚ the later reward or punishment. In psychology it is sometimes called self-regulation. In behavior analysis Another view is that self-control represents the locus of two conflicting contingencies of reinforcement‚ which then make a controlling response reinforcing
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describes the job of a manager. The nature of a manager’s job differs greatly from organization to organization due to there being a wide variety of factors which will demand a certain set of skills from the manager. The size of an organization would determine the job of a manager to a large degree. Shop and Save would require their manager’s to perform almost all functions of POCCC. Roles such as the ordering of goods‚ planning of staff shifts‚ dealing with customer relations are some examples of jobs
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MANAGEMENT CONTROL SYSTEM GROUP TASK SUMMARY Controls for Differentiated Strategies PRESENTED BY FINA ELWASISTE 0910534030 M. ALVICKY SATYWARDANA 1210534006 MUHAMMAD IRVAN ADHA 1210534022 INTERNATIONAL ACCCOUNTING 2014 Controls for Differentiated Strategies Focus of chapter is Contingency Theory: A specific structure and process for an organization depends upon various external and internal factors. Research studies have identified important factors that influence control system
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Through the existence of social control many groups of people learned to interact with and influence ones behavior through mechanisms of a formal or informal responses to a situation. Social control is implemented from birth and can be seen throughout life. Social control is implemented everyday in work and at home. Without social control the structure and rule of society would disintegrate. In everyday life examples of social control are seen. For example when a child has committed or partaken
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Abstract Although I am a strong critic of the use and effectiveness of economic sanctions‚ such as trade embargoes‚ for the sake of this assignment‚ I will present both their theoretical advantages and their disadvantages based upon my research. Trade embargoes and blockades have traditionally been used to entice nations to alter their behavior or to punish them for certain behavior. The intentions behind these policies are generally noble‚ at least on the surface. However‚ these policies can have
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The role of price mechanism in a free market economy or capitalism! The price system functions through prices of both goods and services. Prices determine the production of innumerable goods and services. They organise production and help in the distribution of goods and services‚ ration out the supplies of goods and services and provide for economic growth. Let us analyse the role of prices in all these spheres. (1) What and How Much to Produce: The first function of prices is to resolve the problem
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INTRODUCTION: In the intensely competitive and highly dynamic business era of today‚ few organizations survive and manage to garner sustained public support. Organizational Excellence (OE) is the framework that spells out measurable amount of high quality in the organizational processes and systems. OE is an effective strategy for survival in the market amidst competition. In 2004‚ Wal-Mart was the largest retail chain in the world. Founded by Sam Walton (Walton) in 1962‚ Wal-Mart had grown into
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will become positively charged. Electric charges can be characterized by repulsion between two positive charges or two negative charges‚ and can also be attraction between a positive charge and a negative charge. In this experiment‚ we were able to determine the presence of electrostatic charges with the use of an electroscope. It is performed by using three different kinds of rod (plastic‚ glass‚ and PVC)‚ each rubbed with silk cloth‚ flannel cloth‚ and fur cloth. The observations we have done brought
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Discuss the concept of occupational health and control measures implemented to prevent such infection ? To prevent and to control the spread of infection is primary in the health care settings. It begins by believing that everybody is very much infectious therefore‚ its everybody’s responsibility to prevent and control the spread of infection. Healthcare workers have a guidelines on how to prevent and control the spread of infection when providing care for all hospitalised individuals in
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