Exam Answer Question: Define the terms gross margin and net margin. Discuss critically their respective advantages and disadvantages for use in business analysis and planning. The term Gross margin can be defined as the total revenue of a business or enterprise less the variable costs of that enterprise or business. It can be given in terms of per hectare in the case of crops and on a per head basis in livestock which can be derived from the totals. It is a good indicator of productive and economic
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Advantages and disadvantages of living in the countryside Privacy If you like privacy‚ living in the country works well -- particularly if your home is situated in a remote area and you don’t have neighbors for miles. This also provides solitude. Less Pollution The countryside is generally quiet and peaceful -- certainly not as contaminated with toxic pollutants as the city. There isn’t as much traffic or smog or pollution from industry. Ecologically speaking‚ the advantages to living in the
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ScienceAsia 27 (2001) : 271-278 Demand Forecasting and Production Planning for Highly Seasonal Demand Situations: Case Study of a Pressure Container Factory Pisal Yenradeea‚*‚ Anulark Pinnoib and Amnaj Charoenthavornyingb a Industrial Engineering Program‚ Sirindhorn International Institute of Technology‚ Thammasat University‚ Patumtani 12121‚ Thailand. b Industrial Systems Engineering Program‚ School of Advanced Technologies‚ Asian Institute of Technology‚ P.O. Box 4‚ Klong Luang‚ Patumtani
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Budgeting? The term ‘budget’ is probably well understood by the layman. Budgeting is an important component of financial success; it makes it easier for people with incomes and expenses of all sizes to make. A manufacturing entity for example‚ might prepare sales production and administration budgets. The ‘master budget’ is defined as the overall financial plan for the period‚ which is made up of a budgeted profit and loss account‚ a budgeted balance sheet and a budgeted cash flow statement. Budgeting
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several reasons why you might set goals. Discuss the importance of setting realistic goals and describe your most important long-term goal for university. Goals are imperative for individuals to succeed. They can be used in all aspects of life‚ including university study. There are various reasons why setting realistic goals are important. Firstly‚ they provide you with the ability to monitor short and long term progress against a desired outcome. Short term goals or milestones are important to
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Discuss the advantages and disadvantages of State Control of Industry. Certain industries are under state control in many countries. It plays an indispensible role for economic development of nations. The term state control means to govern industry in order to develop the economy and to provide better services and facilities for the public. In other words‚ state control refers to the industry owned by the state or government for national welfares rather than profit. Research has shown state control
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The advantages and disadvantages of living in a block of flats To begin with‚ it is said that living in a block of flats is very uncomfortable but many people do not agree. With such view a block of flats helps to find a lot of friends and deepen our communication skills. So what are the advantages and disadvantages of living in a block of flats? One the one hand‚ living in a block of flats is advantageous for many reasons. Firstly‚ people who live in a block of flats are friendlier than people
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Material Personal Financial Planning Worksheet Directions Based on your readings and discussions in class this week‚ answer the following multiple choice questions. The process of creating a detailed plan to meet your financial needs and prepare for the future is called developing goals personal financial planning collecting financial information personal finance Which of the following is not one of the five major steps of the financial planning process?
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has consisted to cherish every moment because it might end one day. I’ve been doing this all my life and I’m not planning on stopping anytime soon. In May I will end my first year of college and I already have my life planned out. In college I want obtain a bachelor’s degree in civil engineering‚ and probably master’s degree if I still have motivation to continue my education. My first goal after college is paying of all my student loans and helping my parents paying pay for the bills. Also I will like
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Discuss the advantages and disadvantages of budgeting as a system of organisational control. A budget is a short-term financial plan of income and expenses expected over a certain period of time (usually one year) used to achieve a businesses objective. Budgeting can be useful for exercising control over a business because of its nature as a representation of a plan. Control is generally viewed as making events conform to a plan. As a budget is represented as a plan‚ allowing events to conform
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