------------------------------------------------- ASSIGNMENT ON COST CONTROL AND COST REDUCTION ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- ------------------------------------------------- -------------------------------------------------
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travel‚ air travel‚ train travel and Vaccination. A lower-priced product that a consumer has tried but dislikes also fells into this category‚ as does the negative attitude toward meat products by vegetarians‚ whether it be for personal or religious values. People are afraid to go to the dentist because of the potential pain they experience. The price one pays for not going to the
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STRICTLY PRIVATE AND CONFIDENTIAL Ir. Fredy Sibarani fredy1811@gmail.com Direct: +62 22 200 6535 Mobile: +62 8180 935 7788 +62 21 26700078 Assistant to President Director/General Manager ‚ Perum Perumnas Senior Advisor/Investor‚ PT Trimegah Securities‚ Tbk - Bandung Jan.2009 -- Now Jul. 2007 – Oct. 2008 Advising my self and several potential equity investors trading their money in stock. Team Leader‚ PT PP London Sumatra Indonesia‚ Tbk - Jakarta Jan. 2007 – Jul. 2007 Led land
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5 / ¼.5= .67%/ 22%= 3.05 Ch 22 #7 1. Key Question A firm has fixed costs of $60 and variable costs as indicated in the table on the following page. Complete the table and check your calculations by referring to question 4 at the end of Chapter 23. 1. Graph total fixed cost‚ total variable cost‚ and total cost. Explain how the law of diminishing returns influences the shapes of the variable-cost and total-cost curves Graph AFC‚ AVC‚ ATC‚ and MC. Explain the derivation and shape of each
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number of years and it’s understandable that a monopoly would want to restrict the usage of their research and hard work. Similarly if the price slashes are pushing out competition‚ they are at the same team encouraging competitors to reduce their costs/price which is great for
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contracts. Managers rationalized it as the bribes being useful money‚ but in a way they were still making profit‚ and bribes were used as a cost of doing business and keeping the business alive. 2) What I think would have happened to a manager at Siemens if he or she had taken a stand against corrupt practices is that the manager would most likely be fired by the executives of the company because the company is doing what is practical and worthy to them‚ which entails that the manager is going
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CASE SUMMARY PROBLEM STATEMENT PROBLEMS IDENTIFIED 1. Autocratic Leadership Mr. Lok is a very domineering individual. He has this dictatorial style to manage the estate. He likes to control over all decisions and little inputs from his subordinates. He makes decision based on his own ideas and judgement and rarely accepts others. Besides‚ with his 26 years working experiences and his agricultural and technical expertise‚ he feels that he has the capability to accomplish every related task
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proper evaluation is done prior to end of probation period or renewal of contract Creating the job descriptions for the whole company Organizing and carry out exit interviews. Performance Appraisal Develop a performance appraisal process Train managers and supervisors on the process Enhance and supervise the performance appraisal process‚ to ensure periodical evaluation and proper documentation is maintained in line with Company Policy. Training and Development Outsource training institutes
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Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
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under efficient operating conditions absorption costing all manufacturing costs are assigned to products: direct material‚ direct labour‚ variable and fixed manufacturing overhead acceptable quality level (AQL) the defect rate at which total quality costs are minimised account classification method (or account analysis) the process in which managers use their judgement to classify costs as fixed‚ variable or semivariable costs accounting rate of return (or simple rate of return‚ rate of return on assets
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