Misfortune may be an actual blessing As a Chinese proverb goes‚ “Misfortune may be an actual blessing.” I underwent some events several years ago and I learned from them. My failure in the college entrance examination and the life of university in China was a precious memory as well as a good lesson for me. Finally‚ the chance to study abroad must be the excellent choice for me. I learned from my experience that something happened unsuccessfully might not be the eventual ending‚ and a turning point
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instead of playing PlayStation or Xbox I was always outside making new friends‚ riding my bike around and exploring the unknown. That’s what kids do best all ways curious wanting information asking “why you are doing this” or “why do I have to do that”‚ But my parents still brought me up to be respectful‚ Truthful‚ Extremely Helpful and those are only a fraction of what my parents bestowed upon me. In elementary school I was never the bully instead‚ I was the one watching it happen. My father is a very
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Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of business organization
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The Impossible: Follow Up Questions 1. What natural disaster devastated the coast of Thailand? A tsunami devastated the coast of Thailand. 2.What are the causes of this type of disaster? Slow earthquakes under the sea floor cause tsunamis. 3.As a responder‚ list the needs and concerns you expect victims and survivors to have? As a responder‚ I would expect victims and survivors to have open wounds‚ hunger‚ dehydration‚ emotional distress‚ and missing family members. 4
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allocate costs? How do companies allocate costs? And how this cost allocation can affect the decision making of the company. It is important for the companies to find the proper method to allocate the costs. Cost allocation is an important issue in many companies because many of the costs associated with designing‚ producing and distributing products and services are not easily identified with the products and services that are created. It would have been easier for companies to allocate cost if costs
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secondary data needed for Shark Spin are as follows: Primary Data: In order to do whatever survey needs to be conducted is known as primary data (Bpp‚ 2004‚ p7). Survey can be done to investigate Customer’s response information. What customers expect from the firm. What they think needs to be improved can be surveyed. Then the average income and expenditure‚ profit margin(before 10years and at present) Rivalry among existing firm can be surveyed. How many days a week they eat fish or seafood
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For what decisions would estimated cost information be useful if you were a hospital administrator? The Director of a Cinema hall? The Marketing vice president of a bank? Cost information is the information about the different costs that are incurred in the operation of the organization or a business process. Here the cost includes all cost like material cost‚ labor costs‚ and all other overhead costs that are incurred depending on the type of business they operates. The main
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Two common costing systems used in business are traditionally cost accounting system (job costing‚ process costing and operating costing) and activity-based costing system (ABC). There are some similarities and differences between these systems. Regarding the similarities‚ both accumulate product costs throughout the production process and assign those costs to individual units of production. Additionally‚ product cost under two costing systems consists of direct materials‚ direct labor and manufacturing
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for Abyil Ltd‚ a business strategy consultancy company. You are requested to submit a MIS report to the board of directors of your company. Your task is to prepare the necessary information for decision making using details provided below. Objectives: (Outcomes) 1. Use a variety of sources for the collection of data‚ both primary and secondary 2. Apply a range of techniques to analyse data effectively for business purposes 3. Produce information in appropriate formats for decision making in an organisational
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[Business Decision Making] | [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract of the document here. The abstract is typically a short summary of the contents of the document.] | Contents Task 1 1 Task 2 7 Task 3 10 Task 4 12 Task 5 18 Reference 20 Task 1 Background A lots of studies shows how IT system works as a enabler rather the just being used as a tool to implement in business Organizations
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