"Controllable costs are costs which can be influenced by the action of a specified member of an organization. For example‚ the foreman of a production department can control the utilization of power or raw materials in his department and these are‚ therefore‚ controllable costs as far as he is concerned. Uncontrollable costs are costs which cannot be influenced by the action of a specified member of an undertaking. For example‚ the foreman of a production department can control the wastage of
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article that I read was What’s The Fuss about Cost of Living? Found on hrmtoday.com‚ written by Chuck Csizmar dated March 29‚2012. Chuck is the founder and principal of CMC Compensation Group‚ an independent global compensation consulting firm. In his article he breaks down the different views employers and employees have on the cost of living issue Employees often complain about cost of living and that their increase does not match or is less than cost of living. As well‚ many employees want their
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1. Discuss internal‚ domestic and global environments of business revealed by this case. Answer: Internal/domestic environments a) The business decision making process in Indian govt. sector is pretty slow which leads to unnecessary loss of time and money. In this case‚ the slow process lead the to loss of opportunity to buy a firm (premier Oil) b) There are much more than required levels of clearances that needs to be taken to acquire a company abroad. Application is reviewed
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done this assignment. The purpose of this assignment is to gather practical experience. By this assignment one can know about the costing system of a company. How a company manages their cost‚ whether they follow the accounting system or not- to know this‚ is the prime objective of this assignment. By gathering the cost information of a company one can analyze it and also can give suggestions to improve their costing system for more profit. Figure: Objectives of the assignment
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Practice Task: BORROWING COST OF ISSUING BANK BILLS In order to fund its short-term operations‚ the Chief Financial Officer (CFO) of Best Company has decided use short-term money market instruments. The CFO has asked you and your team to advise the company of the best course of action. After a lengthy discussion with the CFO‚ it was decided to issue bank-accepted bills of exchange (bank bills). In order to obtain board approval‚ the CFO has asked you and your team to create a simple spreadsheet
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Dinesh Singh English 11 Article Title: ...But Not at This Cost Author: Armstrong Williams 1. Speaker: The producer of this piece is Armstrong Williams‚ an African American male who is trying to prove with his points that African Americans are labeling themselves as victims to give themselves easier pathways. The bias is that Williams’s feels that African Americans are letting themselves be specially treated and given certain advantages because of their pasts. In the text Williams states‚
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Discuss the opportunity cost of getting your MBA. What steps and economic factors must a student make when choosing between getting a degree and taking another route in life? Feel free to include aspects from your own decision to pursue your MBA. When considering to starting an MBA program‚ there are many questions that you have to ask yourself. Can I afford the program? Will it help me to become more marketable in the job industry? Will I have time to dedicate into completing coursework?
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A Web quest Go to HYPERLINK http//www.politicalcompass.org www.politicalcompass.org and click on take the test. Take the test to find out where you land on the political compass and plot it here My Political compass Economic Left/Right 0.25 Social Libertarian/Authoritarian 0.87 Q Do the results surprise you Why or why not A No‚ they do not surprise me‚ because I dont really know a lot about political issues‚ they dont really spark my interest. However I do feel that
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for an order for 2‚500 units of GX1. The company only makes GX1 to order and currently has no other orders in process. The production requirements for GX1 are as follows: Materials: Three types of material are used in production: Amount Cost Resale Current used per unit price value price to buy Material A 12kg £2.50 £1.00 £2.75 Material B 4kg £7.00 £5.50 £8.50 Material C 6kg - £6.50 - Material A is used extensively throughout the company’s range of products
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