Assessment Task 1 – Personal Reflections Reflections Reflection 1: Why I chose to study at a university I chose to study at a university over going to another facility such as TAFE or the workforce because of the opportunities that it offers. Studying at a university opens the door to increased employment‚ the chance to development myself and my interests and to pioneering change. To me‚ studying at a university is a mark of success‚ receiving a degree in an area that I chose. It signified
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Chap 22: 1‚ 2‚ 3‚ 4‚ 7‚ 10‚ and 11 1. You purchase machinery for $23‚958 that generates cash flow of $6‚000 for 5 years. What is the internal rate of return on the investment? $23‚958/$6000= 3.993 PVAIF (5 @ 3.993) = 8% 2. The cost of capital for a firm is 10%. The firm has 2 possible investments with the cash flows: Yr 1 A. $300 B. $200 Yr 2 A. $200 B. $200 Yr 3 A. $100 B. $200 A. Each investment costs $480. What investments should the firm make according to the present value?
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Managerial Accounting Exam 1 1. Managerial accounting places considerable weight on: A) generally accepted accounting principles. B) the financial history of the entity. C) ensuring that all transactions are properly recorded. D) detailed segment reports about departments‚ products‚ and customers. Answer: D AACSB: Reflective Thinking AICPA BB: Critical Thinking AICPA FN: Measurement LO: 1 Level: Easy 2. The plans of management are often expressed formally in:
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Business Plan Components Executive Summary 2 page summary of the whole business plan. Written after all components are completed. 1.0 Company Profile 1.1 Business Description 1.2 Business Address 1.3 Owners/Principals 1.4 Contact Info 1.5 Business Advisors 1.6 Vision & Mission Statements 1.7 Company Values Statement 1.8 Business Opportunity 1.9 Business History (if
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19‚ 2008 Four Disciplines of Execution and Goal Setting Prepared for Professor David Futrell‚ PhD Summer I‚ 2009 MBA 410 Organizational Behavior Butler University Four Disciplines of Execution and Goal Setting Most highly successful organizations have SMART* goals which include performance measures. The problem with such goals‚ once they are established‚ is they use lagging indicators to track success after the fact. The Four Disciplines of Execution emphasizes an ongoing methodology
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frustration to rage. It is a counteraction to a perceived threat to ourselves‚ whom we love‚ things which we own‚ our self-image‚ or some part of self identity. Anger is an alarming bell that tells us that something is wrong. COMPONENTS OF ANGER: Anger has three components: * Physical reactions‚ usually starting with a rush of adrenaline and responses such as an increased heart rate‚ blood pressure‚ and tightening muscles; often known as the “fight or flight” response.
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same types of tasks in all businesses. Whether a person manages a hair salon or a factory‚ the manager’s job consists of similar tasks. Planning‚ organizing‚ leading and controlling all serve an important part in achieving management’s vision. Each component is important and one cannot function well without the others. A manager’s primary challenge is to solve problems creatively. While drawing from a variety of academic disciplines‚ and to help managers respond to the challenge of creative problem solving
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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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Chapter 5 7. Briefly describe the activity-based costing allocation process. Activity-based costing involves two allocation stages and includes a multitude of cost drivers. The first stage known as ABC assigns costs to pools; which signify the activities of the costs to be incurred. During the second stage the cost pools are allocated to products or cost objects by utilizing cost drivers that measure the object’s use of that activity. 12. Milken Manufacturing has three product lines. The
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contains tactical guidelines for the marketing programs and financial allocation over the planning period. It is one of the most important outputs of the marketing process. Marketing plans are becoming more customer and competitor oriented and better reasoned and more realistic than in the past. Marketing planning is becoming a continuous process to respond to rapidly changing market conditions. What is a Marketing Plan? A marketing plan provides direction for your marketing activities. Marketing
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