Disadvantages of Standard Costing: - Standard costing is very good system‚ but it should be giving regard to following limitations: Establishment of standards may demand a lot of skill‚ imagination and experience. If all factors are not in harmony‚ desired result will not be forthcoming. There are no inset circumstances to be considered for fixing standards. The conditions under which standards are fixed do not remain static. With the change in circumstances‚ if the standards are not revised
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Renewable energy resources can possibly provide effective sustainable energy solutions. However‚ the application of solar energy for power generation purposes is not currently competitive with conventional fossil fuel systems. A recent academic study compared the solar aided power generation (SAPG) solution with that of a similar-sized stand-alone concentrating solar power (CSP) plant in the South African context. The objective was to determine the real advantages of these technologies‚ if any
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Standard 1: understand the principles and values essential for working with children and young people a. Think of a particular situation when you were able to treat children‚ young people‚ their families and their carers with respect. b. Now think of another situation when you were able to treat children‚ young people‚ their families and their carers as equals We had an occasion when a YP was asking me to take her to her grandparents’ house to collect some items that she had left there a couple of
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needed‚ enabling interchangeability of components‚ and provides practical application of expert knowledge enhancing operability and improves performance. Standardization helps to building the product image. The simplicity aspect‚ of a similar quality standard and cost for a product‚ attracts consumer interest. The ability to identify itself with similar characteristics regardless of where the consumer is helps create a positive image of the product and attract customer loyalty. Additionally‚ the positive
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Corporate governance Ethical Standards Conflicts of InterestIn accordance with the Constitution and the Corporations Act 2001‚ Directors are required to disclose to the Board any material contract in which they may have an interest. In compliance with section 195 of the Corporations Act 2001 any Director with a material personal interest in a matter being considered by the Board will not vote on or be present when the matter is being considered. If the material personal interest is disclosed or
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the client’s specific needs. However‚ the industry trend has changed and competition from international sources has pressured Spartan’s Executive Management to revise the fiveyear development plan to compete with Korean and European firms. The standard for the industry has shifted from customized solutions to a low-price‚ highly-standardized market. This is not in line with Spartan’s current initiatives and Max Brisco‚ vice president of manufacturing‚ has solicited Rick to provide a detailed
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suppliers to pay more than the local industry standard when it is insufficient to live on? Should they pay wages in the Third World that are equivalent to US wages? Should they provide the same level of medical benefits that are provided in the US? The same levels of work place safety? The international standards as set by the United Nations state: “Wages and benefits paid for a standard working week should meet at least legal or industry minimum wage standards and always be sufficient to meet the basic
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STANDARD 7 PERSON CENTRED SUPPORT 1. Promote person centred values in everyday work 1.1 Understand how to put person centred values into practice in your day to day work By protecting the rights and promote the interest of the individuals‚ strive to establish and maintained the trust of the each individuals‚ promote individual’s independence while protecting them from harm and danger‚ respect the right of the individuals while making sure that they don’t harm others. 1.2 Understand
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Standards & Discipline: “Discipline” Video Case Study Facilitator: Watching the video twice often ensures that participants are prepared to discuss the issues. Remember that SSG John Diem volunteered to share this story and served admirably and heroically in combat. Video summary: John Diem discusses the importance of discipline within the unit and the individual. “Just because you are overseas does not mean you do not continue to follow rules/standards/disciplines. You may not understand the reasoning
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mistakes and take appropriate future actions. Standards help social care workers so they work in the same level as other social care workers. It helps standardised the service they are giving. By having a standard‚ they can always reflect with it and achieve the same standardised level. You should know the standards to understand what is expected of you as a health and social care worker‚ and then you should reflect to ensure you are meeting these standards. These would be the CQC and your code of practice
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