general ethics to business behavior ‚its is the extension of individual/group ethics to business situations. Source:http://www.slideshare.net/ajithsrc/hrm-ethics Managerial Ethics: 1. Managerial ethics are a set of standards that dictate the conduct of a manager operating within a workplace. Author: Alex Burke 2. Managerial Ethics: Ethical management is the knowledge of standards in both accounting and corporate governance‚ and recognition of the link between ethics and organizational
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Managerial Finance – Problem Review Set – Dividends Policy 1) If a firm adopts a residual distribution policy‚ distributions are determined as a residual after funding the capital budget. Therefore‚ the better the firm’s investment opportunities‚ the lower its payout ratio should be. a. True b. False 2) Even if a stock split has no information content‚ and even if the dividend per share adjusted for the split is not increased‚ there can still be a real benefit (i.e.‚ a higher value
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Accounting 211: Introduction to Managerial Accounting Fall 2013 Syllabus Professor Feng Gao‚ Ph.D. Phone: (312) 996 – 4438 Office Hours: Monday 1:00 – 2:00pm 2321 UH Wednesday 1:00 – 2:00pm 2321 UH Teaching Assistant Uma Mulakala Office Hours: Tuesday 1:00-3:00pm 2347 UH Thursday 1:00-3:00pm 2347 UH Anita Ivanova Office Hours/Review Sessions: TBA Course Email: actg211uic@gmail.com Class Schedule 27836 11:00-11:50 M/W/F LC A001 27837
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Define leadership and management/supervision. What are the primary differences and what are the similarities? Leadership is defined as the ability to attract capable people‚ motivate them to put forth their best efforts and solve problems that arise (Manning‚ 2012). Simply stated‚ leadership is social influence and influences people to leave a mark and initiate change resulting in a desired outcome (Manning‚ 2102). Management is often confused with leadership. Management involves four functions—planning
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the problem as an advocate. Throughout this post‚ I will discuss what framing the problem means‚ break down key parts of this concept‚ and illustrate examples. What does Framing the Problem as an Advocate mean? Framing is a way of presenting a problem or issue in a certain way that it gets on the policy agenda and being an advocate for this problem or issue can help achieve this purpose. How a person frames the problem should reflect upon who the audience is‚ and their interest. For example‚ if
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elasticity of demand when levying excise taxes. Excise taxes on products with inelastic demand will raise the most revenue and have the least impact on quantity demanded for those products. 4) Demand for cocaine is highly inelastic and presents problems for law enforcement. Stricter enforcement reduces supply‚ raises prices and revenues for sellers‚ and provides more incentives for sellers to remain in business. Crime may also increase as buyers have to find more money to buy their drugs.
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Enzyme Kinetics Examples and Problems 1. An enzyme is produced for producing a sun protection lotion. Given kinetic data for the enzyme reaction with Vm=2.5 mmol/m3.s‚ Km=8.9 mM and So=12mM‚ what would be the time required for 95% conversion in a batch reactor? 2. An enzyme was assayed at an initial substrate concentration of 10-5M. The Km’ for the substrate is 2x10-3M. At the end of 1 min‚ 2% of the substrate had been converted to product. a. What % of the substrate will be converted
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Assignment #1 1. Define scarcity and opportunity cost. What role d these concepts play in the making of management decisions? Scarcity is a condition that exists when resources are limited relative to the demand for their use. Another way of describing this condition is to state that scarcity exists when resources are not available in unlimited amounts. When resources are available in unlimited amounts‚ economists consider them to be “free” goods. Because of the scarcity of resources‚ choices
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Quiz Questions for Chapter 1 1. Waverly Company paid $5‚000 cash for wages of production workers. This business event would: a. increase total assets and total equity. b. increase one asset account and decrease another asset account. c. decrease total assets and total equity. d. decrease one asset account and increase an equity account. 2. Warren Company makes candy. During the most recent accounting period‚ Warren paid $3‚000 for raw materials‚ $4‚000 for labor‚ and
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Welcome to Managerial Accounting. In this module‚ we will provide a general overview of activity based costing‚ specifically: What is activity based costing? Welcome to Managerial Accounting Instructor: O Martin Email Instructor __________________________ ACTIVITY BASED COSTING SYSTEM Two stage process Activity pools Activity categories With & Without ABC example What is Activity based costing (ABC)? Activity based costing (ABC) assigns manufacturing overhead costs to products in a more logical
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