CHAPTER 13 SHORT-RUN DECISION MAKING: RELEVaNT COSTING 1 DISCUSSION QUESTIONS 1. Tactical decisions are short run in nature; they involve choosing among alternatives with an immediate or limited end in view. Strategic decisions involve selecting strategies that yield a long-term competitive advantage. 2. Depreciation is an allocation of a sunk cost. This cost is a past cost and will never differ across alternatives. 3. The salary of the supervisor of an assembly line with excess capacity
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Staying Relevant The role of Information Technology in Creating Economic Sustainability Kip Garland‚ founder - innovationSEED Sustaining an organization‚ be it a business‚ a government‚ or other groupings of people‚ requires the ability to create new growth. When organizations stop growing - they lose their relevancy. Economic studies show that sustaining growth in productive sectors is increasingly difficult. From 1950 to 2005 the average time that top company could sustain its relevancy
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Health and safety is checked and preserved in a number of ways within the setting‚ there is a Healthy and Safety policy‚ which is given out to all the staff‚ defining the key areas. Staff training is kept up to date. Risk assessments are carried out frequently involving a daily check of the environment which is being used these are done by our Health and Safety deputy‚ a full risk assessment of tools‚ equipment and the environment is carried out termly. The setting deputy is responsible for health
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Title: LEGISLATION & CODES OF PRACTICE: THE TEACHING / TRAINING CYCLE: RECORD KEEPING This assignment covers legislation and codes of practice in teaching and learning‚ the 5 stages of teaching/training cycle and finally the importance of record keeping in teaching and learning. We need to consider legislation and codes of practice in teaching and learning because it maintains a professional structure and brings standardization to all employment and other organisations. The legislation and codes
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1. Identify the current legislation and codes of practice relevant to the promotion of equality and valuing of diversity. There are several current pieces of legislation relating to equality and diversity‚ including • UN Convention on the Rights of the Child (see……) • Every Child Matters • Children’s Act 1989 • Children’s Act 2004 • Human Rights Act 1998 The most recent act is the Equality Act 2010. Previous to this‚ equality legislation in this country was somewhat
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stratification (Parsons‚ 1970). Whilst complete societal equality may be unattainable‚ Equal Opportunities (EO) policies aim to ‘reduce the gap’. Inequality takes different forms and there is much theoretical debate regarding which grouping variables‚ such as gender or age‚ are important. There exist three key notions of ‘equality of opportunity’: formal‚ liberal and radical. The former two are minimalist concepts‚ concerned principally with equality of opportunity - the ‘beginning’ of the process. Conversely
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Unit 27 – Employment Legislation Assignment 2 1. Terms of Reference: This assignment asks to describe the impact of data protection legislation regulations on a specific business. The report will look at how the specific business will be affected by both employment and data protection legislation. 2. Procedures: In order to carry out this assignment research will have to be collected this will come from a number of sources including the following: • Reference books • Internet
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RELEVANT AND IRRELEVANT INFORMATION 1. It is easy to understand why Mrs. Smith is always so busy between 5:45 and 7:45 in the evening. At about 5:45 she has to start cooking because Mr. Smith gets home from work at 6:30 and wants his dinner soon after he arrives. At the same time she has to keep an eye on her two sons to see that they do their homework. At 6:15 it is time for the baby to be fed‚ bathed‚ and then put to bed. The two boys have to be ready for bed at about 7:15‚ and if Mrs. Smith does
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Q: Explain legal issues‚ policies and procedures relevant to assessment‚ including those for confidentiality‚ health‚ safety and welfare. Ans: For the smooth running of organization or/and to meet the internal and external requirements of awarding bodies‚ it is must to have some legal policies and procedures ready at hand in assessment. If‚ at one hand‚ it helps us go through the whole process of assessment smoothly‚ at the other‚ it builds a confidence among the learners who feel secure in
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Millennium plc has been invited to submit a price for an order for 2‚500 units of GX1. The company only makes GX1 to order and currently has no other orders in process. The production requirements for GX1 are as follows: Materials: Three types of material are used in production: Amount Cost Resale Current used per unit price value price to buy Material A 12kg £2.50 £1.00 £2.75 Material B 4kg £7.00 £5.50 £8.50 Material C 6kg - £6.50 - Material A is used
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