would be the balance sheet because it is important to know what you have and what you owe at all times. • In your opinion‚ how are financial statements useful to managers and employees? How are financial statements useful to investors and creditors? Explain. Financial statements are useful to both managers and employees because as a manager you need to know if there is sufficient cash and to see what they can afford. As an employee it is important to know what is going on in the business and not
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The Correct Methodology of Selecting CEOs Abstract Selecting the correct methodology for recruiting your next chief executive officer is undoubtedly one of the most difficult decisions that a board of directors will ever have to make. Horse races‚ promotion contests‚ and the extensive use of executive search firms have proven to be the most common forms of selecting company’s top executives. The fight to hold to the title of CEO between internal and external candidates is cut-throat and in most
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age‚ gender‚ race and tenure – that are objective and easily obtained from personal records. AGE Older workers bring experience‚ judgment‚ a strong work ethic‚ and commitment to quality. AGE 1. Effect of age on turnover the older we get the less likely we will quit because the are limited job opportunities and we are also sitting on higher benefits. 2. Effect of age on absenteeism older employees‚ lower rates on unavoidable absence AGE 3. Effect of age on productivity
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The Best & Worst Managers of the Year 1. Take a look at the most recent list of “The Best and Worst Managers of the Year” and pick one of the best managers and one of the worst manager. America’s Best Leaders: Anne Mulcahy‚ Xerox CEO Shortly after Anne Mulcahy took over the helm at Xerox in 2000‚ with the company facing possible bankruptcy‚ she had a blunt message for shareholders. "Xerox’s business model is unsustainable‚" she said. Expenses were too high‚ and the profit margins were simply too
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Market Segmentation is a marketing strategy that involves dividing a broad target market into subsets of consumers who have common needs‚ and then designing and implementing strategies to target their needs and desires using media channels and other touch-points that best allow to reach them. Market segments allow companies to create product differentiation strategies to target them. Criteria for segmenting An ideal market segment meets all of the following criteria: * It is possible to measure
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You have a multimodal (VARK) learning preference. Use the following helpsheets for study strategies that apply to your learning preferences: multimodal visual aural read-write kinesthetic The VARK Questionnaire: How Do I Learn Best? The VARK questionnaire alerts people to the diversity of different approaches to learning styles. VARK questionnaire help learners identify their specific learning methods to concentrate on learning material with significant segments. Any profession can use VARK
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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I read The Five Temptations of a CEO written by Patrick Lencioni. Lencioni breaks down that being a successful leader can come to practicing a few simple behaviors. The first behavior or “temptation” is being more interested in protecting your career status rather than making sure your company achieves results. An example of this would be the head of a nonprofit organization being happy with winning a large grant. A nonprofit shouldn’t be happy with winning a large grant unless the money was used
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CHAPTER 1 FINANCIAL ACCOUNTING AND ACCOUNTING STANDARDS Multiple Choice—Conceptual Answer No. Description d 1. Users of financial reports. d 2. Identify the major financial statements. a 3. Financial reporting entity. d 4. Efficient use of resources. d 5. Capital allocation process. c 6. Financial statement information. c 7. Objectives of financial reporting. b 8. Common set of standards and procedures. c 9. Role of SEC. c 10. Powers of the SEC. d 11. SEC enforcement
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FIN2110 Finance Basics for Managers Fall 2011 Time Value of Money Problems Calculating Future Values Assume you deposit $10‚000 today in an account that pays 6% interest. How much will you have in five years? = $10‚000 (FVIF of 6%‚ 5years) = $10‚000 * 1.3382 = $13‚382 Calculating Present Values Suppose you have just celebrated your 19th birthday. A rich uncle has set up a trust fund for you that will pay you $150‚000 when you turn 30. If the relevant discount
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