The primary difference is efficiency is productivity concerned while effectiveness is quality concerned. In other words‚ efficiency refers to how much resource (time‚ money‚ materials and effort) required in accomplishing a task. Effectiveness refer to how well the job gets done‚ i.e.‚ the output quality‚ zero defects. “Efficiency” is getting things done‚ it is not trying and it is not having ability. In other words‚ “efficiency” is actually accomplishing. It is execution. “Effectiveness” is also
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References: Paula J Caproni‚ & Maria Eugenia Arias. (1997). Managerial skills training from a critical perspective. Journal of Management Education‚ 21(3)‚ 292-308. Retrieved December 4‚ 2011‚ from ABI/INFORM Global. (Document ID: 13170498). Tanz‚ J. (2003). A Brief History of Management. FSB: Fortune Small Business
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1. StillWater Mining Company a) Interest Rate 12% Price per ounce $ 1‚500.00 Cost per ounce $ 400.00 Total ounces a year 10‚000 Profit per ounce $ 1‚100 Revenue per year $ 15‚000‚000.00 Cost per year $ 4‚000‚000.00 Profit per year $ 11‚000‚000.00 Every year for the next 10 years‚ the firm earns a profit of $11 Million. The cash flow (in $ Million) is shown below: Year T T+1 T+2 T+3 T+4 T+5 T+6 T+7 T+8 T+9 Profit 11 11 11 11 11 11 11 11 11 11 Using NPV formula‚ we find NPV=$62
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fffffffffffffffffCOURSE SYLLABUS Spring 2013 Frank Stearns Riverside Community College Spring 2013 MANAGERIAL ACCOUNTING - 1B COURSE SYLLABUS MANAGERIAL ACCOUNTING - 1B Table of Contents General Information 3 1.1 Contact Information and Communications 3 1.2 Course Description 3 1.3 Learning Outcomes 3 Identification of Course/Reading Materials 3 2.1 Text and Materials 3 2.2 Internet Access 4 2.4 Web-CT / Open Campus 5 2.5 Log on Instructions 5 Course Requirements
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better bn boards capacity care clinical community continue delivery development efficiency framework evidence figure focus following highlight lean identify local implementation important orthopaedics current ensure group health h improvement including informatio enabling essentia government management opportunities cost national nhs nhsscotland n partnership patient performance potential pr procurement producti programme projects provide public quality redesign redu referral
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Table of Contents Abstract…………………………………………………………………………………………………………………………………2 Introduction…………………………………………………………………………………………………………………………..3 Theory………………………………………………………………………………………………………………………………..4-5 Variables……………………………………………………………………………………………………………………………….6 Temperature……………………………………………………………………………………………………………6 Accessibility……………………………………………………………………………………………………………..7 Size of Load………………………………………………………………………………………………………………7 Cost………………………………………………………………………………………………………………………….8 Food Safety………………………………………………………………………………………………………………8
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1. Game Theory A. Question #9-6 (basketball players…) Barbara: a. Both Compete = 12 points (individually) ? 24 points (together) b. Monopolize = 18 points (individually) ? 20 points (together) c. Cooperates = 2 points (individually) ? 20 points (together) d. Monopolize = 8 points (dual) ? 16 points Juanita: e. Both Compete = 12 points (individually) ? 24 points (together) f. Monopolize = 18 points (individually) ? 20 points (together) g. Cooperates = 2 points (individually) ? 20 points
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Cost Accounting‚ 14e‚ Global Edition (Horngren/Datar/Rajan) Chapter 12 Pricing Decisions and Cost Management Objective 12.1 1) Companies should only produce and sell units as long as: A) there is customer demand for the product B) the competition allows it C) the revenue from an additional unit exceeds the cost of producing it D) there is a generous supply of low-cost direct materials Answer: C Diff: 2 Terms: target price Objective: 1 AACSB: Ethical reasoning 2) Too high a price may: A)
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Qn: In today’s global environment‚ why are eco-efficiency and eco-effectiveness important to organizations In recent years‚ much emphasis has been put on the importance of eco-efficiency and eco-effectiveness due to raising concern of global warming and the environment in general. Basically‚ eco-efficiency means reducing the environmental impacts of goods and resource intensity throughout the entire life cycle to a level at least in line with the Earth’s estimated carrying capacity; while at
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Chapter 1 The Problem and Its Settings This chapter presents the background of the research. In here includes the statement of the problem‚ objectives‚ importance‚ scope and limitation and the definition of terms of the study. Introduction Bakery operations need a very good maintenance management system for efficient running of plant. Maintenance activity needs regular monitoring and records to evaluate problems and their solution. Bakery maintenance has its own features which need attention
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