CHAPTER 7 FLEXIBLE BUDGETS‚ DIRECT-COST VARIANCES‚ AND MANAGEMENT CONTROL 7-1 Management by exception is the practice of concentrating on areas not operating as expected and giving less attention to areas operating as expected. Variance analysis helps managers identify areas not operating as expected. The larger the variance‚ the more likely an area is not operating as expected. 2. Two sources of information about budgeted amounts are (a) past amounts and (b) detailed engineering studies
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Victoria Phillips Organizational Leadership Chapter 7 QUESTIONS FOR REVIEW 1. What are the three key elements of motivation? The three key elements of motivation are intensity‚ direction and persistence. Intensity refers to the amount of effort a person exerts or how hard they try. Direction refers to how the intensity is channeled to benefit the organization. Persistence measures how long a person can maintain effort. 2. What are some early theories of motivation? How applicable are
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In Chapter 7 : The Hellenistic Era I learned about two Philosopher’s who were around during the Hellenistic Era ‚the period from the death of Alexander in 323 BCE to the end of the Roman Republic 31 BCE in which Epicureanism‚ Stoicism and Skepticism flourished. The first philosopher I read about was Epicurus‚ who is considered to be the founder of Epicureanism which is the hedonistic theory that life’s highest aim is happiness that is attained through moderate pleasures and the avoidance of mental
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social responsibility (CSR) reports provide shareholders and stakeholders with useful information on corporate social and environmental performance or are they merely a public relations vehicle? Answer this question by reference to a variety of accounting theories. There are many definitions to Corporate Social responsibility(CSR). One most common definition is that CSR is the consideration and response of the firm to issues that are beyond the regular technical‚ legal‚ and environmental requirements
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Chapter 7 Quiz Review 1) Appropriate music choices for general practice medical offices are a) Country and gospel b) Classical‚ light jazz‚ and soft rock c) Folk and heavy jazz d) Heavy metal e) Heavy rock and rap 2) What kind of impression do cool colors create in the reception area a) Active b) Volatile c) Discordant d) Energetic e) Harmonious 3) A lively atmosphere is produced by what type of colors a) Dim b) Primary c) Muted d) Dark e) soft 4) When arranging a reception area to accommodate elderly
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Chapter 6: Issues and Crisis Management A. The Relationship between Issues Management & Crisis Management • Commonalities: focus on improving stakeholder management & enabling the firm to be more ethically responsive to stakeholder’s expectations and their ultimate objective must be to have an increase in the firm’s responsiveness to stakeholders • Through well conducted issues management initiatives‚ some crises may be avoided B. Issues Management – a process by which firms identify issues in
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How early does your business start functioning? 2. What types of accounting practices does your business make use of? 3. What is your businesses annual budget? 4. Which wholesalers supply you with your stock? Or is it your own? 5. Are there any problems that you experience with the stock coming from your suppliers? 6. Why do you think it is of importance to have a good relationship with your supplier? 7. Is your business registered for VAT? 8. Are there an methods that
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Chapter Seven: The Jeffersonian Era I. The Rise of Cultural Nationalism A. Patterns of Education 1. Central to the Republican vision was the concept of a virtuous and enlightened citizenry. 2. Republicans believed in the establishment of a nationwide system of public schools to create the educated electorate they believe a republic required. 3. A Massachusetts law of 1789 reaffirmed the colonial laws by which each town was obligated to support a school‚ but there was little enforcement. 4
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Long-Term Construction Contracts 163 CHAPTER 10 MULTIPLE CHOICE ANSWERS AND SOLUTIONS 10-1: a Percentage of Completion Method: Contract Price P1‚000‚000 Less: Total estimated cost Cost incurred P 200‚000 Estimated remaining cost _400‚000 __600‚000 Gross profit estimated 400‚000 % of completion (200‚000/600‚000) __33 1/3% Gross profit to be recognized P 133‚333 Zero Profit Method: 0 10-2: a P100‚000 2007 2008 Contract Price P9
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CHAPTER 1 INTRODUCTION Background of the Study Computer Technology has been utilized tremendously. It is faced with sophisticated techniques and people’s demand. It has helped them to scope up with the changing time and speed up work in order to be competitive with the rest of the world. Computers as a necessity not a luxury provides people an immediate job and quicker output. And because of this‚ business transactions have been computerized and with just a press of key on the computer‚ you will
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