division. b) If the logs were transferring to Sawing division at $61.50 per unit‚ the company as a whole would still be making profits. In the meantime‚ the Harvesting division manager might become less inclined to perform at maximum ability while each unit could have been sold externally for $75 per unit. The Sawing division manager would not be affected since the transfer costs from Harvesting division stays the same. c) Both the maximum and minimum transfer price would be $75‚ the market price‚ since
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After reading this book‚ I realized that I already use a lot of the things that Focazio focuses on. I decided I would use this assignment to reveal what I do when I’m not being a fulltime student. Since I can remember‚ I was raised to be a super hero. I was raised in a life where magic wasn’t a myth and extraordinary powers were a common everyday thing. I decided to go through things in the book I liked a lot and relate them to things I’ve learned from becoming the hero that I am today. I’ll
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Economics and Managerial Economics Economics may be defined as a branch of knowledge dealing with allocation of scarce resources among competing ends. Managerial Economics may be defined as application of eco for problem solving at corporate level. Factors affecting Managerial decision Often only pure logic does not contribute to decision making Human Factor Human behavioral considerations often influences a manager into compromising or moderation a decision which would otherwise have made
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Modern Manager The classic management approach mostly involves the meeting of needs and wants between the people working and the consumers. This is the management that is common for the people to do physical labor. In this way‚ the classic manager is responsible mostly in making these needs and wants of the people. He also has the authority over someone to meet his purpose as a manager. During this time‚ there is no clear distinction between a manager and a leader; wherein sometimes these two concepts
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The ability to ‘motivate people’ is considered to be a prime task of management. Managers‚ increasingly‚ have to act as coaches and guides in order to align the strategic goals of the organization with the demands and needs of individual employees. At the core of this aligning process is the manager’s skill to understand what does ‘motivate’ an individual to reliably and consistently commit their energy and talent to the organizational goal. Motivation theories are routinely drawn on to understand
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CHAPTER 1 (Introduction to Management Accounting) P-1-4A The following data were taken from the records of Clarkson Company for the fiscal year ended June 30‚ 2014. Raw Materials Factory Insurance $ 4600 Inventory 7/1/13 $ 48000 Factory Machinery Raw Materials Depreciation 16‚000 Inventory 6/30/14 39‚600 Factory Utilities 27‚600 Finished Goods Office Utilities Expenses 8‚650 Inventory 7/1/13 96‚000 Sales Revenue 534‚000 Finished Goods Sales Discounts
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The Role of a Manager: A report that identifies appropriate theories and concepts regarding the role that a manager plays in the current business environment. In order to identify the role of a manager we must first consider just what a manager is‚ and why they are needed. According to Crainer (cited in Management & organisational behaviour‚ 2010) managers are “creatures of the moment‚ perpetually immersed in the nitty-gritty of making things happen.” Similarly‚ Drucker (cited in Management & organisational
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Assess the extent to which the Wilson Government achieved its objectives by 1970 To assess the Wilson Government which ran from the years 1964 to 1970 you have to look at what the Labour government promised to achieve if they won the election in 1964. You have to look at what the changes the Wilson government brought forward in their time in office and how the personalities of its politician’s effects decisions made. The election campaign in 1964 was a close run contest even though there was
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Q1: There are two different types of cost accounting systems: Job order cost systems and process cost systems. How does management decide whether to use a job order cost system or a process cost system in any given manufacturing situation? Explain. Job order cost system is used in situations where many different products are produced each period. For example‚ a Levi Strauss clothing factory would typically make many different types of jeans for both men and women during a month. A particular order
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NAME: ALICE SENAMNIMOH-APPEA CANDIDATE NUMBER: FINAL TOK ESSAY DRAFT QUESTION: “There are only two ways in which humankind can produce knowledge: through passive observation or through active experiment.” To what extent do you agree with this statement? Knowledge as a whole is the total information one has acquired. Passive observation is the process of observation that one is not experiencing the event. It is not as dynamic as active experimentation because one just perceives the event and not
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