As such‚ ABC has predominantly been used to support strategic decisions such as pricing‚ outsourcing‚ identification and measurement of process improvement initiatives. So what is really the difference between ABC and traditional cost accounting methods? Despite the enormous difference in performance‚ there is three major differences: 1. In traditional cost accounting it is assumed that cost objects consume resources whereas in ABC it is assumed that cost objects consume activities. 2. Traditional
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1. Which is not true about the scientific method? A. The scientific method is done by following a step-by-step procedure in an exact sequence. B. The scientific method is a systematic way of finding a solution to a problem. C. Observation is the first step. D. The scientific method may be followed even outside the laboratory. 2. What is the correct order of the steps in the scientific method? A) Ask a question‚ analyze results‚ make a hypothesis‚ test the hypothesis‚ draw conclusions‚ communicate
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economics develops and evolves‚ the current mental model which is perfect and successful will become old and outdated. That’s why refreshing the organization’s leaders mental method is the main requirement of the strategic management competency. There are two categories of Mental Model and they are based on the acquisition method. Explicit Models are the models which we learnt from learning various conditions for example‚ physics‚ maths‚ economics and so on‚ it is when you study the model from out
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Cluster Sampling Cluster sampling‚ also called block sampling. In cluster sampling‚ the population that is being sampled is divided into groups called clusters. Instead of these subgroups being homogeneous based on selected criteria as in stratified sampling‚ a cluster is as heterogeneous as possible to matching the population. A random sample is then taken from within one or more selected clusters. For example‚ if an organization has 30 small projects currently under development‚ an auditor looking
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Poverty in India is widespread with the nation estimated to have a third of the world’s poor. According to a 2005 World Bank estimate‚ 42% of India falls below the international poverty line of US$ 1.25 a day (PPP‚ in nominal terms 21.6 a day in urban areas and 14.3 in rural areas); having reduced from 60% in 1981.[1] According to the criterion used by the Planning Commission of India 27.5% of the population was living below the poverty line in 2004–2005‚ down from 51.3% in 1977–1978‚ and 36% in
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in achieving the amazing results that they achieve; they use the scientific method. The scientific method allows scientists to utilize a common approach to address the requirements of the scientific community. These techniques allow other scientists‚ as well as just the layman‚ to know that there has been a standardized system applied to the scientific process. I will present a brief example of what the scientific method is and how to apply it to a real life issue. I have just arrived
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Real Life) SC300 July 16‚ 2013 Tarah Wells The Scientific Method Each and every day‚ you are faced with having to make split-second decisions‚ and the need to solve random problems that you encounter. To reach those decisions and work those problems out you are subconsciously using the scientific method. Apply the steps of the Scientific Method to two situations that could occur in your everyday life. Use the scientific method in the first scenario provided by your instructor to solve the
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Communication Methods Managerial Communication March 7‚ 2014 Choose five different communication methods listed in Chapter 8 and identify an advantage and a disadvantage for each one. Telephone and Voicemail is a great way to contact a person directly without any interactions or blocks in the way of reaching them. You can often times get an immediate response if you have a question or to give information. You can be able to hear a person’s tone of voice‚ and
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INDUSTRIES Today India is one among the top ten industrial nations of the world. Industrial development has changed India’s economy from under-developed status to developing status. Industries can be classified into various types on the basis of their structure. The two main types are: 1) Manufacturing industries including heavy and light industries. 2) Small-scale and cottage industries . Manufacturing industries: Industries which are concerned with the processing or conversion of raw
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Biochemical Engineering Journal 36 (2007) 174–181 Removal of heavy metal from industrial wastewater using modified activated coconut shell carbon O.S. Amuda a‚∗ ‚ A.A. Giwa a ‚ I.A. Bello b Environmental/Analytical Chemistry Unit‚ Department of Pure and Applied Chemistry‚ Ladoke Akintola University of Technology‚ Ogbomoso 210001‚ Nigeria b Physical Chemistry Unit‚ Department of Pure and Applied Chemistry‚ Ladoke Akintola University of Technology‚ Ogbomoso 210001‚ Nigeria Received 1 September
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