budgeting E-Book Basic definations i. A budget is a detailed quantitative plan for acquiring and using financial and other resources over a specified forthcoming time period. 1. The act of preparing a budget is called budgeting. 2. The use of budgets to control an organization’s activities is known as budgetary control. Difference between planning and control i. Planning involves developing objectives and preparing various budgets to achieve those objectives. ii. Control involves
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How People Make Economic Decisions Debra Phelps Principles of economics/ECO212 May 09‚ 2010 John Hebert How People Make Economic Decisions People make economic decisions every day. There are four principles of individual decision-making (Mankiw)‚ people face trade-offs‚ the cost of something one gives up to get it‚ rational people think at the margin‚ and people respond to incentives. The principle of economics does affect decision-making‚ interaction‚ and workings of the economy as
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who make an important decision in group. However‚ some people like to make an important decision alone. This condition may lead to some undesirable results. I agree that an important decision should never be made alone. Therefore‚ this essay shall explore some reasons why a person should never make an important decision alone. First of all‚ it is essential to make an important decision with others. As we all know‚ people need to consider about others’ opinion to make a right decision. For example
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School of Management Blekinge Institute of Technology THE IMPORTANCE OF THE PAYBACK METHOD IN CAPITAL BUDGETING DECISION. By Alaba Femi‚ AWOMEWE & Oludele Olawale‚ OGUNDELE Supervisor: Anders Hederstierna Thesis for the Master’s degree in Business Administration Fall/Spring 2008 THE IMPORTANCE OF THE PAYBACK METHOD IN CAPITAL BUDGETING DECISION. By Alaba Femi‚ AWOMEWE & Oludele Olawale‚ OGUNDELE A thesis submitted in partial fulfillment of the requirements for the degree
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The debate whether or not marijuana should be decriminalized throughout America has been a trending topic for decades now. Marijuana should be decriminalized because it would save the government the time and effort of trying to stop this nation’s so-called war on drugs‚ which evidently has been a failure. The first step to legalization of marijuana is to decriminalize it. Marijuana is undoubtedly the most popular in the United States‚ the quantity has risen dramatically‚ the price is cheaper‚ and
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------------------------------------------------- Chapter 15 Capital Structure Decisions ------------------------------------------------- ANSWERS TO END-OF-CHAPTER QUESTIONS 15-1 a. Capital structure is the manner in which a firm’s assets are financed; that is‚ the right-hand side of the balance sheet. Capital structure is normally expressed as the percentage of each type of capital used by the firm--debt‚ preferred stock‚ and common equity. Business risk is the risk
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young people should follow traditions of the society‚ while other people think that young people should be free to behave as individuals. Discuss both views and give your opinion. in contemporary society‚ the adolescents are drawing even more attentions. people hold contrasting views over wether young people should follow traditions of society or free to behave as individual. ( there is no consensus on…) in my opinion，each view has its own merits. young people should follow traditions
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Deciding how much the advertising should cost - including how much should be invested to increase sales - and how that amount should be allocated is completely up to vodafone Advertising costs are a controllable expense. Advertising budgets are the means of determining and controlling this expense and dividing it wisely among departments‚ product lines or services. This fact sheet describes various methods of establishing an advertising budget‚ and suggests ways of applying budget amounts to get
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Person Should Never Make an Important Decision Alone Many people want to leave alone without making friend with the others. They just want to study alone‚ eat alone or even working alone. Sometimes‚ they don’t feel good to working as a group‚ so they decide to working by themselves. On the other hand‚ they should ask a person who they can trust such as family‚ teacher or friend to give them the best advice for their decision. In my opinion‚ I agree that a person should never make an important decision
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contribute to the development of a person is education. People should be surrounded with good opportunities throughout their lives‚ and having received a good education gives them a greater chance of doing so‚ because education enables them to have more welfare in life. As people live in prosperities‚ the development of a country will be carried to a good level in the future. In my opinion‚ education is the single and most important in the development of a country. First of all‚ education
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