ASSIGNMENT ON COST CONTROL AND COST FREDUCTION SUBMITTED BY‚ MOHAMMED NAFAISE E.K ROLL NO: 1600 COST CONTROLL & COST REDUCTION COST CONTROL The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable .Then if necessary
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Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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activities; c. Productive activities‚ such as finished goods transportation‚ storage‚ customer contact‚ order processing‚ etc. d. Sales activities to let customers understand and buying of goods‚ such as advertising‚ promotion‚ marketing agency costs‚ etc; e. Service activities‚ including training‚ repair‚ maintenance‚ components renewal etc‚ aiming at improving the added value of products. Auxiliary activities: a. Procurement activities‚ to refer to the purchase of used in enterprise value
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Abstract Medical errors and the quality problems to which they lead harm millions of Americans each year. If we are to reduce errors and improve quality substantially‚ we must create systems and care processes that anticipate inevitable human errors and either prevent them or compensate for them before they cause harm. Formidable barriers now stand in the way of progress. Success will require a multifaceted strategy‚ including public education‚ government investment and regulation‚ payment system
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Medical Assistant Medical assistants are health care providers who perform clinical and administrative tasks to help doctors and other health care representatives. The role of the medical assistants varies depending upon the location of work‚ specialty of the practitioner and size of the hospital or clinic. However‚ The satisfaction and health of a patient should be the number one priority of any medical assistant. It is a simple concept‚ but on the same note complex. Each patient may have different
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elevance of Managerial Concepts in the Banking Industry by Zabihollah Rezaee Ph.D.‚ CPA‚ CMA‚ INTRODUCTION In the past‚ bank accountants paid little or no attention to the use of managerial accounting concepts in the banking industry. Viewing managerial accounting from the perspective of the banking industry provides a unique opportunity to explore the development of the internal reporting structure. While the use of internal cost and profitabiHty reports is widespread in merchandising‚ manufacturing
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Accenture Delivery Centers in India The Accenture Global Delivery Network features robust‚ rapidly expanding delivery centers in India that provide a comprehensive range of technology capabilities and Business Process Outsourcing (BPO) solutions. Accenture’s workforce in India accounts for more than 40‚000 employees. The Accenture Delivery Centers in India are uniquely positioned to leverage our industry expertise‚ functional capabilities‚ alliances and technology to produce tangible business results
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Medical Marijuana A debatable topic in the United States has been the talk of making Marijuana legal for medicinal purposes. Included in the legalization of marijuana contains the right to sell‚ grow‚ use or buy marijuana. The origin of marijuana‚ cannabus satiba‚ came from Eastern Europe‚ India and Iran. Marijuana is the dried blossom of cannabis sativa and cannabis indica plants‚ leafy annual plants with parts that are used for as herbs‚ animal food‚ medicine and as
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Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
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Professor Parks 1/25/15 The Wallingford Bowling Center Data 12 friends put together $1‚200‚000 of their own money to build a $6‚000‚000 bowling alley. Nearly 200‚000 people live within 15 miles of the bowling alley. The bowling alley is open 24 hours per day 27 part and full time employees The most recent income statement shows that the business tallied up $1‚844‚000 in sales. After expenses‚ the business was left with $44‚000 Net Income. The bowling center operates at 100 percent capacity on Sunday through
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