CHAPTER 1 DECISION MAKING AND THE ROLE OF THE ACCOUNTANT DISCUSSION QUESTIONS SOLUTIONS 1. ‘Accounting is irrelevant in decision making because the information it provides relates only to the past.’ Discuss. Accounting is relevant to the decision-making process as it helps provide financial information as to the most efficient use of available economic resources. Although accounting provides financial information based on past financial transactions‚ it is useful in giving details on how efficiently
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MID TERM DATE : 3 AUGUST 2011 TIME : 2.30 – 4.00 PM CODE : ENT 1301 SUBJECT : INTRODUCTION TO ENTREPRENEURSHIP LECTURER : Important Instructions: 1) This paper contains THREE (3) Sections on SIX (6) printed pages‚ including the cover. 2) Answer ALL questions in Section A‚ B & C. All answers should be written in the designated answer sheet 3) Any misconduct during the examination will lead to a disqualification and a mark 0 will be entered 4) This paper comprises 20% if
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Osmosis Case study You are a veterinarian working in Indooroopilly and return from lunch to find a nurse treating a six year old kelpie‚ Baxter. Baxter is very lethargic‚ has an increased heart rate‚ and when you pinch his skin the fold remains visible. The owner tells you that they knew something was wrong when‚ upon returning to the outdoor car park from a three hour shopping trip‚ they saw Baxter passed out on the back seat. The temperature in the car would have been very high and Baxter
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Five forces framework is proposed by Michael Porter. It draws upon Industrial Organization economics to derive five forces that determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry profitability. An "unattractive" industry is one in which the combination of these five forces acts to drive down overall profitability. 1. Competitors In current the main competitors of Tsingtao beer are Budweiser‚ YangJing‚ Blue
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responsibilities placed upon counsellors by the British Association of Counselling and Psychotherapy (BACP) ethical framework (BACP‚ 2009)‚ a document which all practicing members must agree to abide by. The framework will be covered systematically‚ alongside an assessment of how it may function to protect the interests of both clients and counsellors. The framework is split into three sections: 1) The ethics themselves‚ divided into; Values‚ Principles and Personal Moral Qualities. 2) Guidance on good practice
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Chapter 1: Theoretical and Conceptual Frameworks for Understanding Adolescent Problem Behavior OVERVIEW As a platform for this Adjunct Guide to Driving With Care‚ we begin by presenting a number of prominent concepts and theories that provide a conceptual framework for understanding‚ interpreting and predicting the development‚ dynamics‚ and outcome of adolescent problems. We look at theories that are particularly relevant to understanding the causal and dynamic factors of underage AOD use
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What Is Ethics? Ethics is the part of philosophy that deals with good and evil. Ethics tries to answer questions like: • What actions are good? What actions are evil? • How can we tell the difference? • Are good and evil the same for everyone? • How should we make hard decisions that might help or hurt other people? The Four main studies of ethics are; • Meta-ethics‚ about the theoretical meaning of moral propositions and ethical opinions; • Normative ethics‚ an abstract set of principles
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Deontological ethics is too rigid in its emphasis on duties‚ utilitarian ethics too keen to override basic human rights. Deontology and utilitarianism are both types of ethics referring to how one reacts in a certain situation. Deontology is based on following a set of duties and sticking to these duties no matter what the consequences whereas utilitarianism is based on choosing the best outcome over a short term and long term even if it means depriving people of basic human rights for example
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Effective Technical and Human Implementation of Computer-based Systems (ETHICS) ETHICS is an acronym‚ but the name of this approach is meant to imply that it is a methodology that embodies an ethical position. ETHICS‚ is a methodology based on the participative approach to information systems development. In addition‚ it encompasses the socio-technical view that for a system to be effective the technology must fit closely with the social and organisational factors. In particular‚ this means
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CAF The Common Assessment Framework has been developed as part of the Every Child Matters strategy. Every Child Matters: Change for children is a new approach to the well-being of children and young people from birth to age 19 and is the government’s response to the report into the death of Victoria Climbie - so that never again should a child ‘slip through the net’ and be put in the way of abuse‚ harm‚ neglect or‚ as in Victoria’s case‚ murder. This strategy is meant to encourage all the different
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