Profit rates differ among firms in a given industry and even more widely among firms in different industries. Please explain the factors which contribute to different profit rates. Profit rates differ among firms in any given industry in variety of industries. Several theories are explained below to show which the factors are influences the profit of a firm; A. Risk Bearing Theory of Profit The idea was conceived initially by an American economist‚ F.H. Hawley. Hawley believed that a circle
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Managerial Statistics Distinguish between primary data and secondary data? OBJECTIVE The main objective of this topic is to measure the degree of relationship between the variables under consideration.The correlation analysis refers to the techniques used in measuring the closeness of the relationship between the variables. DEFINITION Some important definitions of correlation are given below: 1. “Correlation analysis deals with the association between two or more variables”. ---- Simpson &
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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Skills reflect both an understanding of and a proficiency in a specialized field. A manager may have technical skills in a specialized field such as accounting‚ finance‚ computer science… etc. for example‚ an account payable manager must be proficient in accounting rules and procedures so that he can resolve problems and answer questions related to accounting. Human Skills Human skill is the ability to understand‚ alter‚ lead and control the behaviour of other individuals and groups. It is the ability
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P2 – Description of the Limitations and Constraints of Marketing Activities Introduction When marketing their products on the market businesses have to be careful‚ they must ensure that they are following all of the laws and regulations which have been set up by various governments so that their marketing activities are not stopped. In this report I will describe some of the limitations and constraints which have been put on marketing activities by various authorities. Consumer Law All businesses
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MANAGER’S ROLE IN ORGANIZATIONS Introduction Managers must wear many different hats in formulating and implementing task activities related to their positions. In an attempt to understand the diversity of hats managers must wear‚ many author examined managerial activities on a daily basis. Their study enabled them to identify ten different but‚ coordinated sets of behavior‚ or roles‚ that managers assume. These ten roles can be separated into three general groupings: interpersonal roles‚ informational
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subordinates and peers. These resources include people‚ jobs or positions‚ technology‚ facilities and equipment‚ materials and supplies‚ information‚ and money. Managers work in an energetic environment and must foresee and adapt to challenges." Eight Managerial Functions Planning Planning involves selecting missions and objectives and the actions to achieve them. It requires decision-making. For every organization‚ planning process is rational and agreeable to the scientific approach to problem solving
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Appendix C 1. MEDICARE (Medicare #) MEDICAID (Medicaid #) TRICARE CHAMPUS (Sponsor’s SSN) CHAMPVA (Member ID #) GROUP HEALTH PLAN (SSN or ID) FECA BLK LUNG (SSN) OTHER (ID) SEX M 1a. INSURED’S I.D. # (For Program in Item 1) 999000666 4. INSURED’S NAME (Last Name‚ First Name‚ MI) F 2. PATIENT’S NAME (Last Name‚ First Name‚ MI) Doe‚ Katherine 5. PATIENT’S ADDRESS ( #‚ Street) 3. PATIENT’S BIRTH DATE MM DD YY 01 01 1950 Child Other Doe‚ James 7. INSURED’S ADDRESS ( #‚ Street)
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JESSICA SOLIS‚ APRIL GARRETT‚ TONYA PORTER‚ & JOSH NICOLETTI Weeks 1- Assignment Project Title – Plan a Grand Canyon Trip for the weekend of the Super bowl - Jan 30th Brief Summary – The fact that we are all friends the trip should go smoothly but things do come up unexpectedly so we have to be prepared for anything. Once we have rented the vehicle for the trip our success depends on all of us reaching the Grand Canyon safely‚ making the trip down into the Grand Canyon and up‚ then returning home
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TASK 5A THE FIRST ACTIVITY‚ EVENT OR SITUATION |Candidate |Candidate No | |Provider |Assessor | Please use this proforma to report on your first situation. In the right-hand column‚ you should record the principal standards that you think that you have evidenced by this activity:
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