Chapter 01 - Introduction to the Field CHAPTER 1 INTRODUCTION TO THE FIELD Review and Discussion Questions 1. What is the difference between OSM and OR/MS? Between OM and IE? Operations and Supply Management (OSM) is a synthesis of concepts and techniques that relate directly to production and distribution systems and enhance their management. Operations and Supply Management has a distinct management role that differentiates it from OR and IE. Operations and Supply Managers use the tools of
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TASK 1: Cost Classification and Ethics The Sorrel Pharmaceuticals Corporation manufactures a variety of drugs that are marketed internationally. Inventories on May 31 and June 30 were as follows: May 31 June 30 Materials Inventory $354‚100 $327‚400 Work in Process Inventory 112‚600 116‚400 Finished Goods Inventory 138‚500 142‚800 Purchases of materials for June were $142‚600. Direct labor costs were incurred and computed on the basis of 27‚000 hours at $8 per hour. Actual overhead costs incurred
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ACKNOWLEDGEMENT I would like to take this opportunity to thank all those who contributed to the finalization of this project report. Firstly‚ I would like to thank Mr. Theophil Assey as my supervisor for helping me out with my project and giving me some ideas on how to go about it. Mr. Godfrey Munguatosha‚ as the course Lecturer who gave me the guidelines of what I was to accomplish by the end of the academic year and helping me to decide what project I should work on. Also I would thank all
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Chapter 4 Linear Programming Applications in Marketing‚ Finance and Operations Management Learning Objectives 1. Learn about applications of linear programming that have been encountered in practice. 2. Develop an appreciation for the diversity of problems that can be modeled as linear programs. 3. Obtain practice and experience in formulating realistic linear programming models. 4. Understand linear programming applications such as:
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Earl Smith III‚ OD‚ PhD‚ has worked diligently throughout his career to aid the children of myopic parents from developing the condition. Dr. Smith has made multiple important contributions to the field of optometry and continues to today at the University of Houston. His career began many years ago‚ and his spirit to help started at a young age. Dr. Earl Smith was born in the late 1940s in Norfolk‚ VA after World War II had taken the victorious United States by storm. The diligent Dr. Smith would
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Course: Code: IT Project Management BIT 361 Handout date: Assignment #: 1 6/2/2014 Home Assignment Student Name: _________________________ Semester: Lecturer: Due date: Spring 2014 Dr. Fadi Abu-Amara Dr. Amer Ibrahim 20/2/2014 Maximum Mark: 100 ID:___________________________________ 1-Learning Outcomes being assessed LO2. Analyze‚ describe and apply project management techniques to practical problem solutions. 2-Handing in format instructions Sign this
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CHAPTER 3 THE REPORTING ENTITY AND CONSOLIDATED FINANCIAL STATEMENTS ANSWERS TO QUESTIONS Q3-1 The basic idea underlying the preparation of consolidated financial statements is the notion that the consolidated financial statements present the financial position and the results of operations of a parent and its subsidiaries as if the related companies actually were a single company. Q3-2 Without consolidated statements it is often very difficult for an investor to gain an understanding
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You’re applying to Harvard Business School. We can see your resume‚ school transcripts‚ extra-curricular activities‚ awards‚ post-MBA career goals‚ test scores and what your recommenders have to say about you. What else would you like us to know as we consider your candidacy? There is no word limit for this question. We think you know what guidance we’re going to give here. Don’t overthink‚ overcraft and overwrite. Just answer the question in clear language that those of us who don’t know your world
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STRATEGICMANAGEMENT ACCOUNTING During the last years issues of strategic management accounting have received widespread attention in the accounting literature. Adapting to the changing needs of business in the 1990’s is one of the main challenges facing management accountants today. One dramatic change‚ in how many organisations operate‚ is the growing shift towards strategic alliances and partnering agreements with suppliers. However‚ there is still no comprehensive framework as to what constitutes
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