SAMPLE ANSWER FOR QUESTION 5 Profit-making is one of the most traditional‚ basic and major objectives of a firm. Profit-motive is the driving-force behind all business activities of a company. It is the primary measure of success or failure of a firm in the market. Profit earning capacity indicates the position‚ performance and status of a firm in the market. In spite of several changes and development of several alternative objectives‚ profit maximization has remained as one of the single most important
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Quiz Non Profits Name_____________________________________________ 1. FASB require the balance sheets of not-for-profits to display a) Net assets in four separate categories—unrestricted‚ temporarily restricted‚ permanently restricted‚ and restricted by creditors. b) Three separate funds—unrestricted‚ temporarily restricted‚ and permanently restricted net assets. c) Six totals—total assets‚ total liabilities‚ total net assets‚ total unrestricted net assets‚ total temporarily
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PROFIT MAXIMISATION IN ZIMBABWE The traditional economist’s view is that firms are profit maximizes‚ with each decision based on the need to maximize profits (Griffiths and Wall‚ 2005). Although the assumption of profit maximization has come under repeated criticism‚ it still remains relevant to the Zimbabwean firm today irrespective of size. To begin with‚ a profit objective is often the principal reason for the original formation of the smaller companies‚ the majority of which are under the direct
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A View of the Resource/Profit Model: A Non-Profit‚ Service Perspective Parents have long pursued what they consider the best education for their child(ren). However‚ horrific events like the April 1999 school shooting massacre at Columbine High School near Denver‚ Colorado or more recently‚ the March 2009 Albertville Technical High School shooting in Winnenden‚ Germany‚ which left several children dead‚ has prompted more and more parents to seek private‚ parochial‚ or Christian school alternatives
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Before going to more detail of the recommended option‚ I would like to emphasis on the importance of CVP analysis. As CVP is a ‘systematic method of examining the relationship between changes in activity and changes in total revenue‚ expenses and net profit’ (Drury‚ 2000)‚ it is a very useful tool for managers to consider cost structure and price setting. When used in computer applications the method helps managers to make decisions based on the results by varying different variables such as selling
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Pro-profit Colleges It is no secret that a college education has never been more necessary for a decent life in America. Many manufacturing jobs now demand a level of skill and education that virtually requires a college degree. A lot of white-collar employers won’t even consider a job applicant who hasn’t graduated from college. Unfortunately this means that the poor and lower class have no choice but to attain some sort of higher education. This is how For-profit colleges came to existence; originally
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Assignment 2 (20 points) Assignment 2: Costs and Profit Instructions Save this file in your course folder‚ and name it with Assignment‚ the section number‚ and your first initial and last name. For example‚ Jessie Robinson’s assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day‚ be sure to save your
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Not-for-Profit According to Merriam-Webster.com‚ Not-for-Profit‚ also known as nonprofit is defined as‚ “not existing or done for the purpose of making a profit.” Whereas For-Profit is the opposite and is defined as “existing or done for the purpose of making a profit.” I am an ethnographic researcher for a popular organizational behavior research journal. In this article‚ we will be looking at 2 popular and major organizations‚ where one is Not-for-Profit and the other is For-Profit and identifying
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indicated that they will provide customer-valued solutions with the best prices‚ products and services to make Lowe’s is the first choice for home improvement. Most of my experience with Lowe’s has services inconsistence or gaps compare to their mission statement‚ vision and core values. Lowe’s is lack of understanding that customer is vital stakeholder in successful retail business. Some of my observations are as follows. * Poor customer relationship and customer service * Doesn’t solicit customer
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structure. One should also note the lengthy court battles between Scientologists and the US government over their status as a religion‚ which has allowed them to be exempt from paying taxes‚ an extremely large benefit to any company trying to make a profit‚ as well as the suspicious and sudden out-of-court conclusion of those proceedings. Many other
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