My topic was‚ what is success? And the main knowledge issue I focused on is‚ should success be measured in happiness or money? The idea of success for allot of people is get educated‚ get a job‚ get married‚ get old. Once they have found that‚ they have succeeded in life and there is nothing more that needs to be done. Or maybe even as simple as just “get rich”‚ if that hasn’t happened then they haven’t reached their personal goal. But are you successful if you are unhappy and rich? If you are
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In 2013‚ the US congress passed an act: the Consolidated and Further Continuing Appropriations Act. This act contains bans or strictly supervises the purchase of telecommunication equipment from Chinese companies Huawei and ZTE. It is strictly stated in section 516 that the money brought forward from this act is not allowed to buy equipment or systems that have been “produced‚ manufactured or assembled” by companies “owned‚ operated or subsidized” by the Chinese. This may seem reasonable; the
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Classify each cost listed below as either a product cost or a period cost for purposes of preparing the financial statements for the bank. 1. The cost of the memory chips used in radar set. * Product Cost 2. Factory Heating Cost * Period Cost 3. Factory Equipment maintenance costs. * Period Cost 4. Training costs for new administrative employees * Period Costs 5. The cost of the solder that is used in assembling the radar sets. * Product costs 6. The Travel
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Cost Accounting – Classification of costs Cost accounting refers to a process of accumulating‚ recording‚ classifying and analyzing all costs incurred at various levels of production. The purpose of cost accounting is manifold. It provides a final selling price‚ suggests the best possible course of action where maximum savings are possible and a strategy for future. Cost accounting is also constructive in comparing the input and output results that ultimately aids the management to arrive at a financial
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Topic 6: Management Accounting and Cost Case: Shelter Partnership a. My main learning outcomes from Topic 6 and the Case Study; 1) Firstly‚ I realize management accounting has much to offer. Somehow I can handle physics but not accounting. Now thanks to this course I can appreciate and make sense of it. The bit that really caught my attention was seeing how management accounting can be really useful for business planning‚ cost management‚ budgeting and performance measurement. It offers
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One says that success can always be earned through hard work‚ determination‚ and putting in a good effort. For example‚ it can be said for athletes that play a sport. Coach’s always preach practice and more practice for one to improve and better their skill. However‚ I would like to recommend Malcolm Gladwell’s book‚ Outliers‚ as one of the five finalist for the National Book Award because it gives tremendous insight and removes a sometimes negative connotation to the word “Outlier”.Stating that
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To what extent was the League of Nations a success? In 1914 war broke out in Europe. The war ended in 1918 and Germany solely blamed. The end of the war was signed with the treaty of Versailles. From the war was born the League of Nations; who helped nations resolve disputes peacefully without going to war. When the League was formed‚ the defeated nations were not invited to join. The League originally had forty-two members. All forty-two members made up the assembly‚ who met once a year. As incidents
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Bullying is not illegal in the United States. Although it has grown national awareness‚ it is still very much a serious problem today. All types of bullying have created a learning disadvantage among our youth. "Most bullying takes place in school‚ outside on school grounds‚ and on the school bus. Bullying also happens wherever kids gather in the community." Students victimized often experience low self-esteem and isolation‚ a crippling fear of rejection and an increase in social anxiety‚ therefore
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PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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relationships‚ costs and rewards play an influential role in our decision making process‚ where we determine whether we are going to continue engaging in a relationship or choose to terminate it‚ as explained in Doctor Lobel’s lecture on close relationships. This is a component of the social exchange theory that suggests humans are rational beings who evaluate each of their relationship’s worth based on an analysis of benefits and disadvantages. In the bigger picture‚ the theory of a cost-reward system
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