Ryan Schmidt MGT 451 Dr. Scroggins Tanglewood Case #6 Major KSAO Category Necessary for selection (Y/N) Method of Assessment Exp. Educ. MAE RKT Skills in personnel resource management Y x x Communication/Speaking skills Y x x Knowledge of customer service principles Y x Knowledge of organization policies/procedures N x Ability to analyze financial and operational data Y x x Problem solving skills/ability to resolve conflict Y x x x Skill in judgment and decision making
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Case Study 6 : Retailing in India: The impact of hypermarkets 1. How might a hypermarket located in India appeal to consumers and orient them to shopping in larger stores? - The trick lies in differentiating themselves from local kirana stores. If a hypermarket is offering same products‚ a customer will obviously prefer kirana store over the hypermarket because of the convenience and long years of service. Turning shopping into an experience should be the differentiating factor. This can be done
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218). Many companies used to hold and continue to hold flaws in their governance structures that allow management to operate their businesses to further their own personal self-interests instead of increasing the shareholders’ values. The three cases that I believe illustrates the most ineffective corporate governance system include: Nortel‚ Adelphia‚ and Tyco. Nortel Networks’ ineffective corporate governance system stemmed off of the management’s use of earnings management in order to achieve
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survival of the business‚ the business organisation operate within the societies‚ and have the obligation to conform to the rules and regulations of the societies to become a good corporate citizen. This give rise to the subscription of managerial ethics by managers. Ethics are ideas that are about what is right and what is wrong‚ that set the standards the way business is conducted. Mangers‚ which focused on profit making‚ must understand the society is a stakeholder of the organisation and it is the
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m.Module 3 CAPITAL BUDGETING Meaning of Capital Budgeting :- Capital Budgeting is the process of making Decisions regarding long term investments in Fixed Assets which are not meant for sale. It is long range planning to employ the available capital for the purpose of maximizing the long term profitability of the concern. Definition of Capital Budgeting:- Prof I.M.PANDEY Defines Capital Budgeting as the firms decision to invest its current funds most efficiently in long term activities
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10‚000 3 Purchased machinery on credit from Happy Machine Supplies amounted to RM 90‚000 4 Bought inventories amounted to RM 2‚000 on cash from Bedah Sdn Bhd 5 The owner contributed another additional RM 10‚500 cash at bank 6 Owner took goods worth RM 1‚000 for personal use 7 Bought goods by cash at bank from Hamidah for RM 1‚500 9 The business purchased goods from Senang Enterprise on credit amounting RM 14‚700 11 Withdrew cash RM 100 and goods for RM
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CHAPTER 1 Managerial Accounting ASSIGNMENT CLASSIFICATION TABLE Brief Exercises 1 A Problems B Problems Study Objectives *1. Explain the distinguishing features of managerial accounting. Identify the three broad functions of management. Define the three classes of manufacturing costs. Distinguish between product and period costs. Explain the difference between a merchandising and a manufacturing income statement. Indicate how cost of goods manufactured is determined. Explain the difference
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Transactions Show Journal entries to record the following transactions. Post them into appropriate Ledger Accounts and then extract a Trial Balance on 31st December‚ 2012: 2012 Jan 1st: Commenced business with cash Rs 1‚00‚000. Jan 10th: Bought office equipment worth Rs 40‚000. Jan 25th: Purchased goods worth Rs 25‚000; less 10% trade dis. on credit from Rahul. Feb 4th: Purchased office stationary worth Rs 500. Feb 9th: Paid premium for fire insurance Rs 5‚000 Feb 20th: Sold goods on
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bank‚ potential vendors‚ or other interested parties. An account system is also important to process sales‚ purchase orders‚ invoices‚ payroll‚ and other business functions manually. The accounting system must be scalable‚ secure and gather data feed from other business systems to collect up-to-date business finances. The installed REMS came with the following Finance and Accounting Financial Modules: General Ledger Module‚ Accounts Payable Module‚ POS module‚ Bank Reconciliation Module‚
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it will be recorded in the purchase journal‚ once it has been certified as a valid invoice. After the journal entries‚ the next step is to post the journal entries into account. Ledger Account also known as “T” Account and Account. Ledger accounts categorize these changes or debits and credits into specific accounts‚ so management can have useful information for budgeting and
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