Internal & Managerial Control “Internal (Management) Control is the set of accounting & administrative controls and practices that help ensure that approved and appropriate decisions are made in an organization” * in other words‚ to make sure that the right thing happens and the wrong thing does not happen‚ either purposely or accidentally Why Internal Control? 1. To safeguard the assets against waste‚ loss & misuse 2. Check the accuracy and reliability of accounting data
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Control mechanisms are important to every organization. Without them‚ it would be difficult to determine whether or not the planning‚ organizing and leading functions of management are effective and productive for the company. Although some mechanisms are used widely throughout many organizations and companies‚ some mechanisms are tailored to fit a specific organization. Management must determine the most appropriate control mechanisms for their company. In this paper‚ we provide a brief description
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The scientific method is a method for conducting an objective investigation. The scientific method involves making observations and conducting an experiment to test a hypothesis. The number of steps of the scientific method isn’t standard. Some texts and instructors break up the scientific method into more or fewer steps. Some people start listing steps with the hypothesis‚ but since a hypothesis is based on observations (even if they aren’t formal)‚ the hypothesis usually is considered to be the
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THE SCIENTIFIC METHOD GLORIA WANTED TO FIND OUT IF THE COLOR OF FOOD WOULD EFFECT WHETHER KINDERGARTEN CHILDREN WOULD SELECT IT FOR LUNCH SHE PUT FOOD COLORING INTO FOUR IDENTICAL BOWLS OF MASHED POTATOES WITHOUT COLOR. EACH CHILD CHOSE A SCOOP OF POTATOES OF THE COLOR OF THEIR CHOICE AT LUNCH. GLORIA DID THIS EXPERIMENT USING 100 CHILDREN. SHE RECORDED THE NUMBER OF STUDENTS THAT CHOSE EACH COLOR. A. WHAT IS THE INDEPENDENT VARIABLE— Color of mashed potatoes B. WHAT IS THE DEPENDENT
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research as opposed to simply guessing at answers is the systematic approach it employs. This systematic approach is commonly referred to as the Scientific Method. Without the Scientific Method research would loose its validity because there would be no controls in place to make sure you are measuring or evaluating what you actually set out to find. The scientific method usually begins with some background research‚ an idea‚ and a question. From here a Hypothesis the first official step of the method
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What is the scientific method? What are the advantages and disadvantages of addressing problems‚ questions and the mysteries through the scientific method? Scientific method dictionary definition “A method of investigation in which a problem is first identified and observations. Experiments or other relevant data are then used to construct or test hypotheses that purport to solve it”.(Dictionary.reference.com/browse/scientific method) My understanding of scientific method is discovering or solving
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Scientific Method Scientific Method is considered a series of systematic steps and tools that leads to scientific knowledge. These steps allow us to carry out an investigation. Arises as a result of the experience that man has accumulated throughout its history such as the transformation that has been going on in the field of some experimental sciences. It is based on a series of steps and procedures organized for the entire cycle of an investigation. (Makafoosh‚ 1979) Exploratory research: is
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SCIENTIFIC MANAGEMENT AND CONTRIBUTION TO ECONOMY Scientific management is a theory of management that analysis and synthesizes workflows‚ with the objective of improving labour productivity. The core ideas of the theory were developed by Frederick Winslow Taylor in the 1880s and 1890s‚ and were first published in his monographs‚ Shop Management (1905) and The Principles of Scientific Management (1911). He began trying to discover a way for workers to increase their efficiency when he was the foreperson
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"The Scientific Method is the process by which scientists‚ collectively and over time‚ endeavor to construct an accurate representation of the world. The scientific method attempts to minimize the influence of bias or prejudice in the experimenter when testing a hypothesis or a theory". Funny thing about the scientific method‚ the more research I did from web site to web site it became apparent to me that there are many views to actually how many steps there are in the process. For the purpose
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Scientific Method The experiment in this scientific article is based on whether it is true that caffeine can reduce high blood sugar or not. It was necessary to follow scientific method to come to a trustworthy and fair conclusion. The hypothesis of this experiment is that caffeine may help prevent diabetes. Scientists were asking if drinking coffee in regular doses would decrease the risk of getting type 2 diabetes. To test the hypothesis‚ scientists chose to do an experiment on mice that have
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