Chapter 1 Cost Accounting: Information for Decision Making Key Concepts 1 Describe the way managers use accounting information to create value in organizations. ♦ Cost accounting helps manages achieve the maximum value for their organizations by providing information for decision making and by measuring the effects of decisions on the value creation of the organizations. ♦ Value chain is the set of activities that transforms raw resources into the goods and services end users purchase
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Chapter 1 Lecture Notes i. Strategy 2. Definition ii. A strategy is a “game plan” that enables a company to attract customers by distinguishing itself from competitors. 1. Customer value propositions iii. Companies that adopt a customer intimacy strategy strive to understand and respond to individual customer needs better than competitors. Examples of companies that pursue this strategy include: Ritz-Carlton‚ Nordstrom‚ and Starbucks. iv. Companies that adopt an operational excellence strategy
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Chapter 1 Marketing: Creating and Capturing Customer Value 1) All of the following are accurate descriptions of modern marketing‚ EXCEPT which one? A) Marketing is the creation of value for customers. B) Marketing is managing profitable customer relationships. C) Selling and advertising are synonymous with marketing. D) Marketing involves satisfying customers’ needs. E) Marketing is used by for-profit and not-for-profit organizations. Answer: C Diff: 2 Page Ref: 2 and 4 Skill: Concept
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Chapter 9 Five Branches are discussed in Ch.9: 1. Therapeutic Recreation 2. Armed Forces Recreation 3. Employee Services & Recreation Programs 4. Campus Recreation 5. Private Membership Recreation Organizations What is Therapeutic Recreation? Isn’t all recreation therapeutic? TR Models and Process The Leisure Ability Model p. 199 Three components: Functional interventions – Leisure education Recreation participation The Health Protection-Health Promotion Model p.199 Prescriptive activity Recreation
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Chapter 1 Introduction: This study is about the teaching style of a teacher in math subject. Why teaching style? Because this study will know if the teaching style of old or new teachers is effective for teaching difficult lessons especially in major subjects. And also to know if this is the reason why the students hard to understand the lessons. Why math subject? Because as a student I should know what subject I
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Chapter I Introduction EDUCATION‚ in its widest sense‚ indicates ways in which people learn skills and gain knowledge‚ information and understanding. It can be divided into various ways of learning namely - formal‚ informal and non-formal or quasi formal. Learners are expected to come to school regularly and punctually‚ work at the same speed as their classmates and to give tests to show how well they have learned and progressed. At the end of the year‚ successful students move up to the next
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Chapter 1 Introduction to Cost Management I. FINANCIAL ACCOUNTING VERSUS COST MANAGEMENT: A SYSTEMS FRAMEWORK A system is a set of interrelated parts that performs one or more processes to accomplish specific objectives. An accounting information system consists of: objectives‚ interrelated parts‚ processes‚ and outputs. Inputs are generally economic events and the operational model of an accounting system is critically involved with the user of information. There are two basic accounting
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Biological weapons include any organism (such as bacteria‚ viruses‚ or fungi) or toxin found in nature that can be used to kill or injure a person. The history of biological weapons starts back way before many people realize. Biological weapons have quite a few advantages and disadvantages. Biological weapons have been used as agents of terror and will continue to be used as such. Biological weapons are extremely dangerous and shouldn’t be used because they have the potential to wipe out entire
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the importance of keeping eyes on your weapon‚ written by Private john Jacob smith on the twenty third of September year two thousand fourteen. When you are in possession of a weapon for training purposes‚ or otherwise‚ for example; m 4‚ m 4 320 combo‚ m 249 saw‚ m 240 b‚ or 240 c‚ It is important to always maintain physical or visual contact with the weapon at all times. Also you should never be more than your own arm’s length in distance from your weapon at any time. In the event that you should
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Weapons of WW2 There were many types of guns used in World War 2. Their was the Bolt-action rifles‚ Sniper Rifles‚ Semi-Automatic Rifles‚ Sub Machine Guns‚ Assault Rifles‚ Pistols‚ and Light Machine Guns. I will tell you about all of these guns. When World War 2 begun‚ most soldiers were equipped with Bolt-action rifles and were replaced during the war by newer weapons. Bolt-action rifle are sturdy and reliable. World War One had demonstrated to all armies the need to place a greater volume
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