AND APPLIED ECONOMICS BSF 1101 ACCOUNTING AND REPORTING 1/INTRODUCTION TO ACCOUNTING 9. NOT FOR PROFIT MAKING ORGANIZATIONS 9.1 Introduction These are organizations that are set up to promote or to cater for the welfare of the members involved and not to make a profit. These include clubs‚ (e.g. professional clubs‚ academic clubs‚ sports clubs)‚ welfare associations and any other societies (charitable institutions). Because these organizations are set up with no intention of trading the financial
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banglalink - making a difference When banglalink entered the Bangladesh telecom industry in February 2005‚ the scenario changed overnight with mobile telephony becoming an extremely useful and affordable communication tool for people across all segments. Within one year of operation‚ banglalink became the fastest growing mobile operator of the country with a growth rate of 257%. This milestone was achieved with innovative and attractive products and services targeting the different market segments;
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Greyhound Lines is a bus transportation company that had problems with operating costs and customer service. It did not have union in solving vital problems‚ more concretely‚ while Greyhound’s executive faced with these issues by reorganizing such as massive cuts in personnel‚ routes’ and service‚ along with computerization‚ middle managers in computer programming‚ human resource and terminal managers considered that executive’s solution was inappropriate. As a result‚ it was impossible for them
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and those decisions need to be carefully thought out before deciding. It’s also important to try and make all the effective decisions possible whenever confronted with a choice. Its not as easy as just making a decision‚ it requires planning and weighing the outcomes. There are many ways to help making decisions much easier. Its an important skill for everyone not only business men/women. Knowing how to make a good decision can change your life completely. Life brings changes and surprises everyday
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A Case Study of “Rational Decision Making” Ali Rashid Cheema ECON 401: Engineering Economics Decision Making •Decision – Making a choice from two or more alternatives. •The Decision-Making Process – Identifying a problem and decision criteria and allocating weights to the criteria. – Developing‚ analyzing‚ and selecting an alternative that can resolve the problem. – Implementing the selected alternative. – Evaluating the decision’s effectiveness. The Situation • Hamzah is a sales
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vision to the photographed element‚ reassemble the fragmented elements and make them cohere as the representation of a world which works well. At the same time he has to deal with several limitations and the challenges like the stage’s missing wall‚ making sense and guaranteeing authenticity to the audience about the existence of the cinematic world as if it exist beyond and around the part of the presented form. Is the director obliged to maintain the same emphasis as given in the script or he can
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Making sustainability profitable There is a clear aim of this article ‚which is showing to the readers that if we increase sustainability of a company‚ no matter if it is or without the intention of contributing to a better environment‚ could be somehow combined with increasing the bottom line of a company. In the article there were given six examples of companies that contributed to the environment while increasing their finances. The authors mainly focused on the fact that when increasing sustainability
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Decision Making Analysis Gary Stone MGT/230 February 9‚ 2015 Dr. Erica Richmond Decision Making Analysis The decision making process that Anne Mulcahy followed save Xerox in my opinion. The company was at the brink of bankruptcy and the longtime employee‚ now turned president and CEO made great strides to prevent that from happening. After viewing the video‚ and collaborating with my group‚ I agree that Anne did an excellent job with Xerox and patched all the holes in the sinking ship. One of
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Critical Thinking and Decision Making In every aspect of our daily life we encounter the need to make decision based on critical thinking. The problem lies when we make decision without going to a critical thinking process. If a decision is reach without having done the necessary steps that among them are: setting aside you personal feeling about the situation‚ take into consideration both side if necessary‚ weighting the pros and cons of the answer or decision about to be reach. Decisions are
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What is good decision making? A. It should be Ethical 1. Utilitarian criterion—decisions are made solely on the basis of their outcomes or consequences. The goal of utilitarianism is to provide the greatest good for the greatest number. This view tends to dominate business decision making. 2. Focus on rights—calls on individuals to make decisions consistent with fundamental liberties and privileges. • An emphasis on rights means respecting and protecting the basic rights of individuals‚ such
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