CHAPTER 13 SHORT-RUN DECISION MAKING: RELEVaNT COSTING 1 DISCUSSION QUESTIONS 1. Tactical decisions are short run in nature; they involve choosing among alternatives with an immediate or limited end in view. Strategic decisions involve selecting strategies that yield a long-term competitive advantage. 2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity
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1/ 1.4 Identify the regulations and requirements relevant to the assessment in own area of practice Leave a reply Learning Outcome 1 – Understand the principles and practices of assessment 1.4 Identify the regulations and requirements relevant to the assessment in own area of practice Our policies for management of assessment evidence eg portfolios‚ assessment records‚ observation records‚ physical evidence‚ learner and witness statements; management of assessment records‚ are all in accordance
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conceptual framework gives Australian businesses and consumers a better knowledge and understanding of financial reporting. It provides an insight to basic goals‚ the users of the financial information‚ definition of key essential terms and the primary concepts to Accounting. WestOne Services‚ the Conceptual Framework in Australia‚ Accounting and Finance 3B‚ Concepts and Regulations‚ viewed 33rd of September 2011‚ . Accounting standards are not basic natural law however it is in an economy’s best interest
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Occupational standards are the first steps in gaining qualifications that identify the competence of an individuals capability to do there job in an efficient manner and produce the best work possible. There are specific targets/specific standards that must be met as part of there job role. Employees also must have an understanding of the job role they have undertaken as part of occupational standards. For employers to identify if and where training is required employees must demonstrate there capabilities
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Unit 301 Manage own performance in a business environment Outcome 1: Understand how to plan and prioritise work and be accountable to others 1.1 The purpose and benefit of planning work is that it gives you a rough estimate of how long the work will take‚ what equipment or resources will be needed to complete the work and what budget will be needed it also makes it easier for you to plan your day to day work. If you are then asked what work you have been doing you can show them therefore being
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Task 1 My online store will be based on a small solar lamp company called “ARONA” that started four years ago in Jakarta‚ Indonesia. Their vision is to see the people of the rural parts of Indonesia to think green and use solar lamps instead of kerosene lamps that causes hundreds of accidents every month. The mission is to replace at least half (roughly 16 million units) of these kerosene lamps in Indonesia with environment-friendly solar lamps. The solar lamps range from reading lights to
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His intent was not to be a conventional doctor but pressed by his greed for knowledge. Over the next few years Freud gradually formulated his own ideas for the treatment of mental illness. Freud’s goal was to get his patients to understand their feelings and help them find ways to deal with them. Although he was famous for being the father of psychoanalysis‚ Freud was not partial to that field. He came up with his own theory of mind to explain all mental activity and applied that theory to all
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Is Shakespeare Relevant or not Relevant that is the Question? The works of William Shakespeare are world renowned and thought to high school students around the globe. William Shakespeare was a 16 century poet and play write; because of this many people argue that his works are not relevant in today’s modern society. Elements such as‚ young loves at the ages of 13 are used in his plays. These themes were realistic in the context of the time but are much unknown in today’s society. I believe that
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Administration Unit 202 Improve own performance in a business environment Credit value: 2 The purpose and benefits are for self satisfaction and motivation‚ to impress your line/regional managers‚ for possibilities of a bonus/promotion‚ to improve your knowledge of certain areas which may help in the particular job role you are in and also in future jobs‚ to help achieve personal and mandatory goals‚ to help improve and maintain high and professional standards‚ to help secure the job you are
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Feature article Knowledge management‚ librarians and information managers: fad or future? Brendan Loughridge Introduction This article considers some of the principles and practices commonly associated with ``knowledge management ’ ’ (KM) in so far as they seem to be of potential importance or relevance to library and information professionals. Competing claims and counterclaims about KM as expressed in a selection of recent professional and academic publications are reviewed‚ though a truly
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