Trait-based perspectives of leadership have been an enduring topic throughout history. The actual inception of leadership and trait-based perspectives is arguable. However‚ there is no denying its evolution‚ as seen through research. Zaccaro (2007) stated the analysis of leadership and traits dates back to Galton’s (1869) Hereditary Genius‚ which articulated two distinct and important points. First‚ a definition of leadership‚ which describes exclusive and unique characteristics‚ possessed by
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use of traditional costing system is no longer relevance to the company to achieve competitive advantage. Nowadays‚ Activity Based Costing is considered as one of the effective tools to enhance the ability of the organisation to meet global competition. This had resulted in the change from traditional costing system to an increasingly popular costing system such Activity-Based Costing (ABC). ABC system has emerged as an alternative to traditional costing system to meet the need for accurate cost information
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Paper 1: Risk-based Audit Approach Risk-based audit is an approach that is related to the concepts of audit risks and materiality. Audit risk is the likelihood that the financial statements are materially misstated after the auditor has determined that the financial statements are free of material misstatements. Materiality is a concept relating to the significance of an amount‚ transaction‚ or discrepancy. In this approach‚ auditors analyze audit risks‚ sets materiality based on the analyzed
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Woodmere and HomeHelp to consider in evaluating this proposal? Is time-based logistics the right strategy for each company? These are the major business propositions: * Information transmission system from POS data to manufacturing plant. * Inventory level control * The future perspective of annual growth * New business process * The initial investment on equipment‚ and additional cost The time-based logistics will be the right strategy for each company. The first reason
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of the major challenges of VANET application is in routing the packet in efficient and effective manner since the network topology is dynamic. Distance Based Routing (DBR) protocol designed especially for Vehicular Ad hoc Networks (VANET).DBR algorithm adopts both position based and map based routing technique. In DBR‚ a connectivity graph based on the inter-vehicular distance‚ the duration of connectivity between neighbouring vehicles and the information from the digital map are collectively used
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The aim of this section is to deliberate the characteristics of Problem Based Learning (PBL) from various literature. Problem-based learning (PBL) is an emerging teaching approach which has taken its prominence in tertiary education in recent years. PBL is an instructional strategy in which learner-centered method is adopted and students learn by working on real life problems and activities‚ where teacher acts as a facilitator (Barrows‚H & Tamblyn‚ R.M‚ 1980). It is a style of learning in which
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Issues‚ Concerns and Management of Trust‚ Information‚ Privacy and System Security of Cloud based ERP (Cloud ERP) Shital H Abstract With the advent of latest technologies‚ the whole concept of Enterprise resource planning is taking a holistic turn towards a highly sophisticated cloud based systems. However‚ before appreciating the cloud ERP concept as a path-breaking break through‚ one should equally focus on the issues‚ concerns and management related nuances of this technology in the areas
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Send Print Share ABC: too much activity and not enough costing? by Brian Rutherford 03 Feb 2001 Diploma in Financial Management Relevant to Paper D2 | | Activity based costing (ABC) hit the world of financial management with a very large bang in the late 1980s. Within a few years 20% of the UK’s largest companies were using‚ or at least piloting‚ ABC systems. By the turn of the millennium‚ however‚ the proportion of adopters was no higher‚ while one third of those adopting the technique
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1a) Activity based costing is a relatively new type of procedure that can be used as an inventory valuation method. The technique was developed to provide more accurate product costs. This improved accuracy is accomplished by tracing costs to products through activities. In other words‚ costs are traced to activities (activity costing) and then these costs are traced‚ in a second stage‚ to the products that use the activities. Another way to express the idea is to say that activities consume resources
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Evidence-based practice is the process of applying existing research findings that has shown to work when considering a chosen strategy. It is based on analysing the collection of data that has contributed towards a specific knowledge base‚ which has been shared amongst fellow practitioners within a specific field‚ with the aim to inform current practice within a profession. It encourages practitioners to guide their practice by drawing on existing research and applying it. The use of evidence-based
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