1) a) evaluate of the concerns expressed by the Top Management: i) Transfer price of parts from divisions to AM (internal sales) – AM parts didn’t sale before‚ no data about the price‚ arbitrated by division or vice president. ii) Divisions treated AM as captive customer‚ satisfy OEM customer first‚ related to top management practice and image of company‚ can’t purchase parts outside by AM iii) 4 department carries excessive inventories‚ large no. of employee Christmas
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Question 5.1 Explain the difference between fixed costs‚ semi-fixed costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line
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Explain Mill’s Utilitarianism [30] John Stuart Mill‚ (20 May 1806 – 8 May 1873) was a British philosopher who was principally famous for revising and expanding on Jeremy Bentham’s theory of Utilitarianism. Jeremy Bentham said that it is the greatest happiness of the greatest number that is the measure of right and wrong. He then devised the hedonic calculus or the principle of utility as a measure of working out the usefulness of an action according to how much pleasure it creates for how many people
Free Utilitarianism Jeremy Bentham John Stuart Mill
Case: Marks & Spencer’s versus Zara’s Operations Marks & Spencer (M&S) is a major British retailer of clothing‚ food and financial services. Over 30 million customers are served per month in more than 300 UK stores‚ besides the many international locations. The company was established in 1884 and now it has over $17 billion in annual sales with the highest profit margin in the retailing industry. M & S is encountering some difficulties in logistics because it has lengthy logistics procedures
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The Luddites were British textile workers and weavers who boycotted the growing use of automated knitting frames and looms. The reason being‚ most of them were trained craftspeople who had spent years learning their profession. They feared that untrained machine operators were robbing them of their subsistence. When their appeals for government aid were ignored‚ a few hopeless weavers began breaking into factories and destroying textile machines. I believe that Owen would have sympathized with the
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There were screams all around the room... There were screams all around the room and I could sense dangers beyond the door. Without lingering for the next second‚ I banged on the door with as much force I could gather as I knew the door was locked inside and after a few attempts‚ my effort bore fruits. The door was opened. I stared in disbelief as the sight was simply too appalling to behold. The room was lingering with eerie silence just after the panic and screams I heard. Even though the
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still experiencing the symptoms for such a lengthy amount of time‚ made me wonder about how S. pneumoniae affects individuals who are immunocompromised. If this infection can cause a healthy person to be debilitated for over a month‚ what happens to individuals who unfortunately do not have the system in place to fight this infection? I chose
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to stay home‚ clean‚ take care of the children‚ etc. They assume the women is number two in a marriage and has no say when in reality they are equals. In a marriage both man and women should support each other‚ have trust in each other‚ and above all listen to each other. John the husband of the narrator does the complete opposite. He only believes that what he says is true and what his wife is feeling about being ill is inaccurate. Now throughout the story the narrator tries to express herself
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front of the discrepancies of the current control system‚ Ted Richards and Frank Edwards decide to implement a system which improves transfer pricing‚ cost allocation and autonomy. Therefore‚ this case wonders about the difficulties to implement it and the steps to change the management style. It What appears to be the problem in Air Tex is linked to business which is linked with the state of mind of the staff: there is a lack of motivation. The company is on the verge of bankruptcy because of
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sustainability of a company and it is estimated that by 2011‚ companies that follow or more accurately put ‘adhere’ to processes and procedures in terms of compliance and standards will get the most business value out of their investments. The KING 3 report of corporate governance is the third report for governance in South Africa and became necessary because of the new Companies Act no.71 of 2008 and international governance trends and will come into force on 1 March 2010. The King 3 report talks about
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