MULTIPLE CHOICE—Conceptual 21. Plant assets may properly include a. deposits on machinery not yet received. b. idle equipment awaiting sale. c. land held for possible use as a future plant site. d. None of these answers are correct. 22. Which of the following is not a major characteristic of a plant asset? a. Possesses physical substance b. Acquired for resale c. Acquired for use d. Yields services over a number of years 23. Which of these is not a major characteristic of a plant
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Budgets provide a means for planning the financial future and play a vital role for planning. Budgets simultaneously make managers construct and implement plans‚ contribute useful information for improved decision making‚ provide a standard to administer performance evaluation‚ and enhance organization and communication. An essential component of the budgeting system is control. Control periodically takes actual results and budgeted results and compares the two. It also allows for managers to
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Tutorial 7: Management of Economic Exposure QUESTIONS 1. How would you define economic exposure to exchange risk? Answer: Economic exposure can be defined as the possibility that the firm’s cash flows and thus its market value may be affected by the unexpected exchange rate changes. 2. Explain the following statement: “Exposure is the regression coefficient.” Answer: Exposure to currency risk can be appropriately measured by the sensitivity of the firm’s future cash flows and the
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Reward Systems Once of a manager’s most important tools is the ability to select rewards and time the rewards properly. Even if managers are not solely responsible for financial rewards‚ they can use a number of tools to increase the effectiveness of their organization. Reward systems can address several important managerial objectives as they relate to employee motivation. A solid reward system requires concerted attention in its development. The following sections provide a basis for a well-contructed
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The Coors Case Balanced Scorecard Hugh Grove‚ School of Accountancy Daniels College of Business‚ University of Denver Tom Cook‚ Department of Finance Daniels College of Business‚ University of Denver Ken Richter‚ Product Quality Control Manager Coors Brewing Company By the end of 1997‚ Coors had finished the implementation of a three-year computer-integrated logistics (CIL) project to improve its supply chain management. Coors defined its supply chain as every activity involved in moving
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Employee motivation is the level of energy‚ commitment‚ and creativity that a company’s workers apply to their jobs. In the increasingly competitive business environment of recent years‚ finding ways to motivate employees has become a pressing concern for many managers. In fact‚ a number of different theories and methods of employee motivation have emerged‚ ranging from monetary incentives to increased involvement and empowerment. Employee motivation can sometimes be particularly problematic for
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The community is composed of what is not measurable for which no records kept as well as recompense. Nonmonetary exchange of values arises from altruistic motives whereby self-interest is inseparable since it is connected with the community interest. According to Hock‚ community is not all about profit but it is all about benefit. Therefore‚ the community
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Case Study of financial accounting | Kim Park(A) | Long-lived Nonmonetary Assets | | Maren BorsheimQiao ChenHenry Ko | 9/27/2011 | | This case talked about Kim Park tries to investigate the accounting principle of long lived nonmonetary assets. While we try to determine the difference in various situations‚ we also tries to focus on the reasoning and logic of accounting principle applied. True Star Electronics Company General rules: Now an entity can be either capitalized
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References: Beck‚ C. E.‚ & Beck‚ E. A. (1986). The manager’s open door and the communication climate. Business Horizons‚ 1‚ 15-19. Cohen‚ S. (2006). Compliment your staff with nonmonetary rewards. Nursing Management‚ 37(12)‚ 10-14. Duncan‚ W. J. (2001). Stock ownership and work motivation. Organizational Dynamics‚ 30‚ 1-11. Eisenhardt‚ M Falconi‚ R. R. (1997). Where open-door policies fail. Financial Executive‚ 13(5)‚ 14-15. Gale
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The problem of motivation and job satisfaction in Nigerian organizationsespecially in Dangote cement plc‚ gboko plant is that of poor productivity‚and performance. it centered on poor environmental conditions‚ nonmonetary incentives‚ poor working schedules‚ and high level of stress. It istherefore in view of this that the researcher seeks to examine this problemunderstudy. The objective of this study therefore‚ is to expose those factorsthat are responsible for poor level of motivation and job satisfaction
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