Management Control System is a process of successful implementation of Strategy. It mainly focuses on effective and efficient use of available resources in the organization’s objectives. “MAHABHARATA”‚ the greatest epic of all time teaches us how the meticulous implementation of our learning on Management Control Systems (MCS) helped “PANDAVAS” to win the war over “KAURAVAS” in just 18 days. BACKGROUND:- * “KAURAVAS” were a congregation of big family structure of 100 brothers and close family
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What Makes a Good Physician? What is a good doctor? What makes a good doctor perfect? In the articles "Phlebitis" by Lair Eigther‚"The Doctors as Stranger" by David Rothman‚ and the book "The Spirit Catches You and You Fall Down" by Anne Fadiman these authors state different situations and outlooks the patients were in. For instance the writers explored whether the patients had good medical treatment. Furthermore the authors view the disconnection between the doctors and the patients on how physicians
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Management control system Assignment -1 Summary Basic concept Elements of control system 1) Detector: it provide the information about the process which is being controlled. 2) Assessor: it describe the significance of what is happening in comparing with expectation of what should happen. 3) Effectors: this device alter the behavior if assessor indicates the need to do so. 4) Communication network: this device transmit the information between detector and assessor and between
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Bioreactor System: Instrumentation and Control What is a Bioreactor? An apparatus for growing organisms (yeast‚ bacteria‚ or animal cells) under controlled conditions. Used in industrial processes to produce pharmaceuticals‚ vaccines‚ or antibodies. Also used to convert raw materials into useful byproducts such as in the bioconversion of corn into ethanol. Bioreactors supply a homogeneous (same throughout) environment by constantly stirring the contents. Bioreactors give the cells a controlled
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“A budgetary planning and control system may include many individual budgets which are integrated into a ‘master budget’.” Budgeting is concerned with the implementation of long term strategic plans‚ by translating these long term plans into short term plans of action. A budget is a plan showing a firms short term objectives‚ and how management intends to acquire‚ use‚ and control the resources in order to attain these objectives. A firms budget should be comprehensive and co-ordinated. That
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Internal Control and Accounting Systems – Standards ICAS (Level 4) - Standards 1 Title (and reference number) Level Credit value Principles of Internal Control (Knowledge) 4 3 Assessment criteria – learners can: Describe the purpose‚ structure and organisation of the accounting function and its 1.1 relationships with other functions within the organisation. Explain the various business purposes for which the following financial information is required • income statement (profit and loss
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there are some basic personal and professional qualities which determine a good teacher. First thing that should be mentioned is love and respect to children. The more attention we pay to children the more gratitude we get and rank high in their estimation. Also a good teacher is too wise to argue with pupils and can keep anger under control. All that usually help teacher to have a good rapport with children. Besides a good teacher is a master and a fan of his work. In addition to this one of the
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“War‚ what is it good for? Absolutely nothing. War‚ I despise because it means destruction of innocent lives. War means tears to thousands of mothers’ eyes; when their sons go to fight and lose their lives. War is an enemy to all mankind‚ the reasons of war blows my mind. War has caused unrest in my generation‚ who wants to die? War has shattered many young man’s dreams‚ made him disabled‚ bitter and mean. Life is much too precious to spend fighting wars these days. War can’t give life; it can
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the proposed system. It includes constitutes more on the study of the System Literature Side. RELATED LITERATE Inventory can be the largest investment a pharmacy can make. Dealing with inventory can be intricate unless an organization has a good inventory control system. The purpose of this system is to maximize efficiency and effectiveness. Efficiency is to minimize inventory costs and effectiveness is to meet the customer demands. Inventory control involves maintaining
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consumer needs and effienciently provide the most effective computing solutions to meet those needs by selling computer system directly to customers. This direct model eliminated retailers‚ who added unnecessary time and cost at least 20 – 30 % mark up from purchasing price‚ and also allowed the company to build every system to order‚ offering customers powerful‚ richly configured systems at competitive prices. The traditional value chain in the personal computer industry was characterized as “build-to-stock
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