Q1. Discuss the significance of organizational culture in the performance of an organization explains the various factors included under OCTAPACE. Ans. Organizational culture is the collective behaviour of humans who are part of an organization and the meanings that the people attach to their actions. Culture includes the organization values‚ visions‚ norms‚ working language‚ systems‚ symbols‚ beliefs and habits. It is also the pattern of such collective behaviours and assumptions that are
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Introduction Outsourcing is a business trend that has greatly increased in recent years with more and more companies outsourcing part or whole of their functions/activities. Outsourcing can be defined as the transfer of a business function or activity previously produced in-house to an external supplier which then takes prime responsibility for fulfilling the task (Finn‚ 2007). Although companies may perceive outsourcing as an alternative to reduce costs as a result of access to economies of scale
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ONLINE CASE The Wallingford Bowling Center A group of twelve lifelong friends put together $1‚200‚000 of their own funds and built a $6‚000‚000‚ 48-lane bowling alley‚ near Norfolk‚ Virginia. Two of the investors became employees of the corporation. Ned Flanders works full-time as General Manager and James Ahmad‚ a licensed CPA‚ serves as Controller on a part-time basis. The beautiful‚ modern-day facility features a multilevel spacious interior with three rows of 16 lanes on two separate levels
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BA 213 - Test#1 Review Instructor: Usha Ramanujam Dear Students‚ I have indicated answers to the test review questions in BOLD. You can highlight the entire review and remove the bold feature before you start working on these questions and then verify the answers. Also‚ detailed solutions are given for q.38 and q.40 /Usha 1. Thread used in the production of mattresses‚ an indirect material‚ is classified as manufacturing overhead. TRUE/ False 2. Prime cost and conversion
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INSTRUCTOR’S TEST BANK Chapter 1: Introduction 1 Why would a marketing major need a basic foundation in operations management? A) Marketing staff schedule work centers for most businesses B) Marketing staff must know how to design processes C) Marketing staff must be able to make decisions with the entire business in mind D) Marketing staff must understand the technical processes behind manufacturing capacity management C 2 The value of a product is defined by: A) The owner B)
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Take Test: Final Exam Content Top of Form Assistive Technology Tips [opens in new window] Instructions Timed Test This test has a time limit of 2 hours.This test will save and submit automatically when the time expires. Warnings appear when half the time‚ 5 minutes‚ 1 minute‚ and 30 seconds remain. Multiple Attempts Not allowed. This test can only be taken once. Remaining Time: 1 hour‚ 05 minutes‚ 46 seconds. Question Completion Status: Question 1 1. All of the following are examples
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Benchmarking‚ Strategic Cost Management‚ Total Quality Management and Six Sigma. These developments had a vast impact on the overall usage of cost accounting. Accountants have been found to be the first to resist change‚ and the failure to various ABC and scorecard projects has been linked to the unwillingness of accountants themselves to see the project through. Despite all the positive results in the past‚ it appears that the adoption of advanced management accounting practices has slowed. The reason
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Strategic Management Accounting 2014 / 15 Level 6 Module Code 44-6785-00C Sheffield Business School Module leader - Richard Watkinson TABLE OF CONTENTS Page What’s this module about? 3 How will this module deliver the relevant industry sector skills and competencies? 3 How will this module be delivered? 4 Assessment Package 5 How will Blackboard be used with this module? 5 How will student feedback be obtained on this module and how will this be
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Quality Management Systems Q1. Is quality is a Philosophy? Explain A. The concept of quality is at the very centre of many ideas and practices of effective management and leadership‚ and programs like Total Quality Management and Six Sigma have been at the sole reason for the success of many companies. Companies and Management professionals now know that quality needs to be built into every level of a company‚ and it needs to be a part of everything the organization does. From answering
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Chapter 1—Introduction to Cost Management LEARNING OBJECTIVES |LO 1 |What are the relationships among financial‚ management‚ and cost accounting? | |LO 2 |What are two common organizational strategies? | |LO 3 |What is a value chain‚ and what are the major value chain functions? | |LO 4
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