Sikkim Manipal University Subject: Management Process and Organisational Behaviour Subject code: MB0038 Book ID B1621 Question Paper Code: Time: 3 hours PART A – 1 MARK QUESTIONS Answer all questions. Each question carries 1 mark 50 * 1= 50 Marks Max.Marks:140 1. An organisation is a __________ system of people who are structured and meet specified goals. a. Geographical b. Social c. Private d. Specified 2. Building a vision involves the joint efforts of the owner and ____________ of the organisation
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A Discussion on Activity-Based Costing ACC-532 Graduate Paper A Discussion on Activity-Based Costing When we think of cost of accounting it is easy to come up with numerous different cost accounting methods which is because over the year’s cost accounting has developed in numerous ways to accommodate different types of situations. While every type of cost accounting is important and has its own benefit and disadvantages this paper will focus on what I believe is one of the most important
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1.0 Life cycle costing (LCC) 1.1 Definition Life cycle costing is a cost management approach which includes all costs and ensures that all those costs are managed over the life cycle of the product. Product life cycle begins from conception of the product until its abandonment which can be referred as ‘from cradle to grave‘. Product life cycle has four stages: 1) Product planning and initial concept design It involves process of identifying any underlying conditions‚ assumption‚ limitations and
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Chapter 7 Variable Costing: A Tool for Management Solutions to Questions 7-1 The basic difference between absorption and variable costing is due to the handling of fixed manufacturing overhead. Under absorption costing‚ fixed manufacturing overhead is treated as a product cost and hence is an asset until products are sold. Under variable costing‚ fixed manufacturing overhead is treated as a period cost and is charged in full against the current period’s income. 7-2 Selling and administrative expenses
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Think about the last time you met someone new. Were you drawn to them? Did they pique your interest? Did you like them immediately? Now think about how long it took you to form your initial impression of them. Research says it’s likely your first impression was set in less than a second. Take a minute to let that sink in….that means that most of the people you interact with are forming their impression of you before you speak a single word and‚ possibly‚ before you even realize they are sizing
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we delegate the responsibility remains ours. We delegate to gain time for other activities‚ provide opportunities and experiences with other colleagues‚ save time and money‚ being cost effective for the institution. The delegation process is similar to the nursing process because we have to make an estimate to see who we can delegate on‚ make a plan view that we can delegate and how we will do it‚ in the intervention give clear and specific instructions and evaluation will check if it was
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AN IDEAL APPROACH TO STANDARD COSTING By Jitesh Chandak INTRODUCTION Before you start your study on standard costing you must be clear in your mind that you are going to study a chapter which wants more practice and hard work to develop a strong and sound concept. Costing can be defined as “The technique and process of ascertaining costs.” Standard costing is a technique‚ which uses standards for cost and revenue for the purpose of control through
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revise each of the following exercises to reflect your mastery of the concepts described in Chapter 2. Create your revisions directly on your screen‚ save your response‚ and send it to your instructor as a Word attachment in Blackboard mail. To help you‚ the solutions to several problems are already provided. Be sure to type your answers at the indented points after each enumeration to avoid the problem of automated numbering. AUDIENCE BENEFITS AND THE “YOU” VIEW Revise the following sentences
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l Indirect l ~ l Indirect Direct 1 1 Overheads t l ‚ Production or Factory Overhead Administration Overhead Selling Overhead l Distribution Overhead By grouping of the above elements of cost‚ the following divisions of cost are obtained: (1) Prime Cost = Direct Materials + Direct Labour + Direct Expenses (2) Works Cost (Factory) = Prime Cost + Factory Overhead 31/ Cost Sheet (or) Statement 01 Cost (3) Cost of Production
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Seoul‚ South Korea with SK Telecom. Ms. Myers had what seemed to be all of the right credentials on paper that would make her the ideal candidate for a foreign assignment‚ except one‚ she was female. Although she realized initially that the agency contacting her for the assignment referred to her as “Mr.”‚ she pressed on and assumed it was a simple mistake‚ however‚ her experience would be reflective of this later as she reflects on her choice to accept the assignment and some of the things that
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