The historical cost accounting is an accounting technique that values an asset for balance sheet purposes at the price paid for the asset at the time of its acquisition. It is usually used in combination with other measurement bases. For example‚ inventories are usually carried at the lower of cost and net realizable value‚ on the other hand marketable securities are usually carried at market value‚ and entities prefer to carry pension liabilities at their present value. The main advantage of using
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failed to address potentially quality problems. Critics have raised questions whether the absence of independent directors on Toyota’s board has marked the board culture in Toyota with secrecy. The aim of this paper is thus to identify the Corporate Governance (CG) mechanisms in Toyota and evaluate them in terms of the recent events and to assess whether the CG policy has had an influence on Toyota’s performance. Hence‚ I ask: Is the Japanese CG regime the foundation stone for the crisis in Toyota?
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Empowering Clinical Staff through Shared Governance Shared governance as a conceptual structure model for empowered decision making by frontline clinical nurses was first introduced by Virginia Clealand in 1975 ( Porter-O’Grady‚ 2004). Shared governance has at its core the underlying assumption that the bedside clinical nurse is best equipped at determining the most therapeutic care for their patient. It is the ideal model for delivery of care because it allows for collaboration between interdisciplinary
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DIRECTING Definition- it’s the interpersonal aspect of managing by which subordinates are led to understand and contribute effectively and efficiently to the attainment of enterprise objectives. A good leader evokes zeal and confidence in subordinates. Without this quality the enterprise may be superbly organized and staffed and many have excellent plans but its performance may be mediocre. The human factor Organizations are set up with complements of the productive factors i.e. material
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FM 7-21.13 Chapter 3 Section 1 Duties‚ Responsibility‚ and Authority Duty: Duty is defined as “Obligatory tasks‚ conduct‚ service‚ or functions that arise from one’s position (as in life or in a group).”- Merriam Webster. To others‚ it may mean a moral or legal obligation. Such as having a legal duty to obey lawful orders of those appointed over a soldier. According to the Army field manual noted above‚ junior enlisted soldiers perform all their duties to standard as well as to the best if their
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As mentioned above‚ due to the centralized power‚ the central management of Alibaba maintained its initial corporate culture which is the key cohesive force in enterprise‚ ensuring that every decision would not deviate from the company’s target and that strategies are for its long-term performance
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are the key characteristics of the U.S. model of corporate governance? How does the U.K. model compare with the diverse models in continental Europe and differ to the US model? There are many characteristics of the U.S. model of corporate governance that contribute to its effectiveness. We describe governance in regards to the board of directors‚ external auditors‚ the SEC‚ state laws‚ and stock exchanges. We then compare the U.S. governance model to that of U.K. and other models in continental Europe
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Michel Foucault- Right of Death and Power over Life The concept is important. Don’t get to the details. * In ancient Roman times‚ power of the sovereign over his subjects could be exercised in an absolute and unconditional way. The king had the authority to directly expose the life of his subjects in times of war and thus he held an indirect power over them of life and death. * During the classical age in the West‚ this death that was based on the right of the sovereign was not manifested
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Obedience to Authority To what extent can humans’ morality be corrupted by environment‚ or are all humans cruel by nature? If an authority figure told another person to jump off a bridge‚ our response would be to reject his command and tell him to jump‚ but what would happen if an authority told somebody to execute a worthless criminal for his wrongdoings by pushing him off a bridge? According to research conducted by psychologists like Solomon Asch‚ and Philip G. Zimbardo‚ under the right variation
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VIGILANCE AND E-GOVERNANCE Vigilance means watchfullness or to bring awareness. Vigilance came into existence mainly for the purpose of fighting corruption. Corruption involves misuse of power ‚ money ‚government property etc. Though corruption can’t be brought down to zero level‚ we can try to bring it as low as possible. This can be ensured by watchfulness‚ caution and vigilance. Or in other words it can be achieved by E-Governance. E-Governance is the use of various modern information
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