In microeconomic theory‚ the opportunity cost of a choice is the value of the best alternative forgone‚ in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made‚ it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.[1] The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative
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Nashik What is Tax Planning? Tax planning is an essential part of your financial planning. Efficient tax planning enables you to reduce your tax liability to the minimum. This is done by legitimately taking advantage of all tax exemptions‚ deductions rebates and allowances while ensuring that your investments are in line with your long-term goals. However in a broader sense tax planning is not to save the tax for current financial year but also make an effective planning of the sources of your
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America‚ there was enough economic opportunity for a poor European to want to take the long boat journey across the Atlantic Ocean to start a new life. Europeans began immigrating to America creating colonies in the mid-eighteenth century. There were thirteen original colonies. A variety of religions and classes of people such as rich merchants‚ poor famers‚ and slaves moved to colonial America. Most‚ but not all were able to benefit from the economic opportunity in the new land. This essay will prove
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Introduction: For the purpose of this report of ‘Strategic Planning’ for the Ed-excel Level 7 Extended Diploma in Strategic Management & Leadership I have selected Unilever United Arab Emirates Ltd. The company had a turnover of Rs. 23.3 bn (Euro 309 mn) in 2008‚ and enjoys a leading position in most of its core Home and Personal Care and Foods categories‚ e.g. Personal Wash‚ Personal Care‚ Laundry‚ Beverages (Tea) and Ice Cream. The company operates through 5 regional offices
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PLANNING To establish and operate an effective organization‚ all managers perform several major functions or activities. These functions enable managers to create a positive work environment and to provide the opportunities and incentives. The key management functions include -Planning -Organizing -Directing -Controlling. Each of these functions are critical to the success of any manager and organizations. The primary function of the four is PLANNING. Planning is the process
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The Importance of Having Tax Information about Moving Overseas Information is always valuable to the right people. Before doing anything or making any decisions‚ we always need information to at least give us an idea which decision to make. The more information we have the better. Of course‚ this depends on the nature of the information involved. This brings us to the question of why tax information about moving overseas is important. First of all‚ tax information about moving overseas is important
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McDonald’s (NYSE: MCD ) has been outperforming the market this year and recently set a new all-time high. A SWOT analysis – a look at strengths‚ weaknesses‚ opportunities and threats – can help assess whether the fast food giant can keep the growth on a high-calorie diet. Strengths: McDonald’s has successfully rolled out new items like coffees‚ smoothies‚ and Angus burgers‚ expanding the range of menu choices. With a strong product offering‚ the company has grown income throughout the recession
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Current Value Accounting and Its Influences on Accounting Environment Wei Cui Abstract Current Value Accounting is one of the hot spots of accounting researches. Three prevailing current value accounting methods are present value method‚ current entry price method and current exit price method. All these methods aim at adjusting the book value of assets and liabilities so that the information will not be distorted by the changing prices
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Title: Succession Planning Executive Summary: While most of the companies follow the evolution theory in talent development only more than one third of the multiowner firms follow the talent development and have a written succession plan. (A 2009 tune up your firm’s succession planning. Dominic Cingoranelli. Journal of accounting march 2009). Although the talent development school is the best choice for many reasons‚ nevertheless it’s rarely used in a systematic way in many
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What is Career Planning | Career is the occupation or work that you choose for life. Hence it is of utmost importance in today’s trying times that we choose a career well and not stumble into it. There should be ample scope for growth. A wrong choice can lead to a frustrating life with no purpose or meaning. To avoid this we need to think carefully and research into occupations. It is simple and not a lengthy process.Career interest is of utmost importance. Decide what you wish for in life.
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