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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Smart System or Structure What is a Smart Structure? A smart structure is a system containing multifunctional parts that can perform sensing‚ control‚ and actuation; it is a primitive analogue of a biological body. Smart materials are used to construct these smart structures which can perform both sensing and actuation functions. If truly smart‚ these intelligent systems can determine their present state‚ decide what is the optimum or more desirable state and carry out an appropriate
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Thus‚ resulting in better decision making carried out by the business owner. In Australia‚ the conceptual framework gives Australian businesses and consumers a better knowledge and understanding of financial reporting. It provides an insight to basic goals‚ the users of the financial information‚ definition of key essential terms and the primary concepts to Accounting. WestOne Services‚ the Conceptual Framework in Australia‚ Accounting and Finance 3B‚ Concepts and Regulations‚ viewed 33rd of September
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1 The Smart Car In 1991‚ Nicolas Hayek‚ chairman of Swatch‚ announced an agreement with Volkswagen to develop a battery-powered "Swatch car." At the time‚ Hayek said his goal was to build "an ecologically inoffensive‚ highquality city car for two people" that would sell for about $6‚400. The Swatchmobile concept was based on Hayek’s conviction that consumers become emotionally attached to cars just as they do to watches. Like the Swatch‚ the Swatchmobile (officially named "Smart") was
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Is Shakespeare Relevant or not Relevant that is the Question? The works of William Shakespeare are world renowned and thought to high school students around the globe. William Shakespeare was a 16 century poet and play write; because of this many people argue that his works are not relevant in today’s modern society. Elements such as‚ young loves at the ages of 13 are used in his plays. These themes were realistic in the context of the time but are much unknown in today’s society. I believe that
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to learn about the Financial Analyst position opening at General Mills. I wanted to learn more about General Mills and decided to converse further with Mishela Salem‚ the information I received‚ reassured me that I am a great fit with the company’s goals and operational strategies. In addition to being a CMA candidate‚ I am a graduate with an Honors Accounting Diploma from the School of Accounting and Financial Services at Seneca College. My work experience to date combined with my studies has
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SMART MATERIALS 1. Introduction The primary characteristic of a ‘‘smart material’’ is that it has the ability to respond to external stimuli in a technically useful and technically controlled way. The words ‘‘technically useful’’ and ‘‘technically controlled’’ are emphasized since all materials respond to external stimuli of some sort or other (as a simple example‚ all materials respond to temperature by changing their volume)‚ however‚ to be considered a ‘‘smart material’’ the response must
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All of the Smart Briefs I have been choosing I realized have focused on subjects similar to that of our assignments in this class and my choice for this Smart Brief is no different. The Smart Brief I chose is titled “The Secret to Resume Success” and was written by Romy Newman‚ President and Co-Founder of Fairygodboss‚ on huffpost.com. Now all of us have applied for jobs in the past‚ are currently applying for jobs‚ and or will in the future. In my 22 years of life I have applied for several jobs
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“SMART MATERIALS” ABSTRACT The world has undergone two materials ages‚ the plastics age and the composite age‚ during the past centuries. In the midst of these two ages a new era has developed. This is the smart materials era. According to early definitions‚ smart materials are materials that respond to their environments in a timely manner. The definition of smart materials has been expanded to materials that receive‚ transmit or process a stimulus and respond
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INDUSTRY Classification and definition of the industry The relevant industry for Smart Car is worldwide automakers because the target audience will be cost-conscious Americans. In 1999‚ the American car market was filled with many foreign imports that directly competed against and in some instances beat American domestic car producers. Analysis of existing competitors Today there are other low cost automobile manufacturers marketing to the United States. None‚ however‚ produce anything
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