Unit 7 P1 Direct costs A cost that can be directly related to producing specific goods or performing a specific service. For example‚ the wages of an employee engaged in producing a product can be attributed directly to the cost of manufacturing that product. Variable costs Variable costs means the cost of production (cost of labour‚ material or overhead) that change according to the change in the volume of production units. Combined with fixed costs‚ variable costs make up the total cost of
Premium Costs Marginal cost Variable cost
and senior management? Discuss the key skills required to perform effectively at each level of management. Assess your own strengths and development needs in terms of the skills required to be an effective first-line manager. In the operation of any sizeable company‚ different levels of management are responsible for maintaining successful production and development of the business. Over the course of this discussion‚ I will define management‚ three different levels of management‚ and address
Premium Management
PT3Form Arab Open University Tutor Marked Assignment (TMA) Academic Year 2nd 2013 - 2014 Semester: Spring 2014 Branch: Lebanon Program: Business Studies Course Title: Investigating Entrepreneurial Opportunities Course Code:B322 Student Name: Zeina Mouawad Student ID: 100616 Section Number: 109 Tutor Name: Fady Bechara Mark details Allocated Marks Questions Q1 Q2 Q3 Q4 Total (100) Weight 30 30 20 20 Marks Deduction
Premium Marketing
Chapter 7 Definition of Internal Control – the process implemented to provide reasonable assurance that the following control objectives are achieved: safeguard assets‚ maintain detailed records‚ provide accurance and reliable info‚ prepare financial reports in accordance w/established criteria‚ promote operational efficiency‚ encourage adherence to prescribed managerial policies‚ comply w/ applicable laws Preventive controls – deter problems before they arise. Examples: hire qualified personnel
Premium Management Internal control Auditing
Chapter 6 Motivation -the forces that activate and direct behavior Emotion -a complex internal state that involves physiological‚ cognitive‚ and behavioral components 6.2 Incentives -reinforcements and punishments‚ external forces that act on our behavior Reinforcement -ability of an object or action to make the actions that preceded it more likely to happen in the future Punishment -event that makes the actions that preceded it less likely to happen in the future Quantity and quality
Premium Emotion Psychology
Decision 2 60000 40000 0 60000 Decision 3 0 50000 0 50000 Decision 4 170000 0 0 170000 Minimum 0 50000 6. What is the Minimax Regret Decision? 50000 2. Data collected on the yearly demand for 50-pound bags of fertilizer at Sunshine Garden Supply are shown in the following table. Year Demand for Fertilizer (1‚000s of Bags) 1 4 2 7 3 5 4 5 5 10 6 7 7 8 8 9 9 11 10
Premium Arithmetic mean Filling station Expected value
Introduction Nowadays‚ innovative is an essential advantage in this dog-eat-dog market for every organization. Innovative can be everything that is new and not exist in current market‚ however in order to fulfill the gap in this demanding market‚ organizations must be very innovative to come out with new products and services. Organizations nowadays are recruiting employees who are creative and innovative because they are person who have sensitive antenna to sense and observe what the people want
Premium Stainless steel Competitor analysis Steel
Daniel Thompson 10/31/14 NT1110 Unit 7 Assignment 1 Complementary Metal Oxide Semiconductor‚ or CMOS‚ is a widely used type of semiconductor. CMOS semiconductors use both NMOS(negative polarity) and PMOS(positive polarity) circuits. Since only one of the circuit types is on at any given time‚ CMOS chips require less power than chips using just one type of transistor. This feature makes them convenient for use in battery-powered devices such as laptops. Personal computers also contain a small amount
Premium BIOS
Customer Service Plan Who is Innovative Widgets Innovative Widgets is the leading producer of widgets in Australia. Established in 1980‚ widgets are used as components for a wide variety of domestic and industrial machinery. We produce widgets that are functional‚ well designed and manufactured to the highest quality standards. Customers across Australia look to us to provide high quality products at competitive prices. A family owned company; we operate from one main factory which include several
Premium Asia Marketing Technology
Hello Prof. Reich and Fellow Classmates‚ I chose a new article this unit‚ my Unit 6 project will be about changes in a no blaming practice‚ more so‚ science up-to-date approach towards making the justice system improvements in favoring outcomes as ending results that are beyond placing blame along with disciplining lawbreakers. Namely‚ the reason why I selected this article and topic is that it provides an insight of the disparities in outcomes of the criminal justice system. In which
Premium Law Management Crime