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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The Value of Organizational Values What’s the value in values? Organizational values define the acceptable standards which govern the behaviour of individuals within the organization. Without such values‚ individuals will pursue behaviours that are in line with their own individual value systems‚ which may lead to behaviours that the organization doesn’t wish to encourage. In a smaller‚ co-located organization‚ the behaviour of individuals is much more visible than in larger‚ disparate ones
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Fair Trade Letter Fair Trade is a trading partnership‚ based on dialogue‚ transparency and respect‚ that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to‚ and securing the rights of‚ marginalized producers and workers – especially in the South. It provides a living wage. That is a wage high enough to provide the basics in that community. It ensures that the farmer gets decent working conditions‚ that children cannot
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Having a variety of contents in a writing allows the piece to have a level of sophistication and assist the author in projecting their purpose further. The main types of contents present in “Choosing Order before Freedom‚ ” that show the significance of Putin and Russia‚ and how Putin’s past has helped shape Russia’s success are descriptions‚ anecdotes‚ and opinion. Anecdotes are also present to illustrate how Putin’s past has helped shape Russia’s success. This was evidenced when the author wrote
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falls on the owner than the builder dies these are some of the fair laws of hammurabi’s code. Hammurabi’s code is very old it was created 4000 years ago and he made 282 laws while he was king and carved his laws on giant stones called steles. Hammurabi’s code was fair to many people like the builders because if the house that they built was poorly made and the building collapses on its owner than the builder dies and it is also fair to surgeons because if the patient who is being operated on died
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Overview Welcome to the study of cost accounting. This introductory chapter explains the intertwining roles of managers and management accountants in choosing an organization’s strategy‚ and in planning and controlling its operations. Unlike the remainder of the textbook‚ this chapter has no “number crunching.” Its main purpose is to emphasize the management accountant’s role in providing information for managers. Review Points organization. Cost accounting provides information
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report must state whether the annual accounts give a true and fair view in accordance with the relevant reporting framework. In normal English‚ true means ‘in accordance with the facts’ and fair means ‘free from dishonesty or impartial.’ In accounting principle‚ true and fair view means that the financial statements are free from material misstatements and faithfully represent the financial performance and position of the entity.The true and fair requirement has been fundamental to accounting in the UK for many years
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following data have been recorded for recently completed Job 501 on its job cost sheet. Direct materials cost was $3‚067. A total of 30 direct labor-hours and 104 machine-hours were worked on the job. The direct labor wage rate is $12 per labor-hour. The company applies manufacturing overhead on the basis of machinehours. The predetermined overhead rate is $11 per machine-hour. The total cost for the job on its job cost sheet would be: A. $4‚571 B. $3‚757 C. $3‚090 D. $3‚427 Applied manufacturing
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Fair Trading Act 1986 1. The Fair Trading Act exists to promote fair competition and in this way it contributes to the economic wellbeing of all New Zealanders. It prohibits certain conduct in trade‚ provides for the disclosure of consumer information relating to the supply of goods and services and promotes product safety. Protects consumers from being mislead or being treated unfairly by traders or shops. It also sets out when information about certain products must be disclosed to consumers
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Choosing a career is easy‚ but sticking with that choice is one of life’s greatest challenges. I was never able to choose a career‚ because poverty and abuse tricked me into believing that I wouldn’t have a future anywhere. Once I sought shelter at a local non-profit organization in my free time‚ my volunteer work made it all change‚ and led to my decision for a career in human services. My first discovery of the human services field came when I volunteered at a community center for teenagers. These
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