had the objective to find hidden profits and losses contained in their current accounting system. The old system did not fully disclose how their costs were applied to the sales accounts. The goals are very sensible as they will allow them to move forward with the proper information. 2. Why did Ridderstråle feel that the previous cost system was inadequate for the new strategy? The new strategy/system was needed “to promote high-margin products to high-profit customers.” The old system didn’t
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full name is Ahmed Shafat Kareem. I am usually known to people as my middle name‚ which is ’Shafat’. I was born on the 9th of September‚ 1991‚ which means I am 23 years old now. I have got one sibling; a younger sister. Then I have got my mother and father too. I am mostly close with my sister‚ as she is the only companion I have other than my parents. I have been living and studying in an English-medium school called ’Summerfield Tutorial’ in Chittagong until I was in 2nd standard‚ then I moved to
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Question 5.1 Explain the difference between fixed costs‚ semi-fixed costs‚ and variable costs. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line depreciation expense‚ etc. Fixed costs are those which do not change with the level of activity within the relevant range. These costs will incur even if no units are produced. For example rent expense‚ straight-line
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Asyncronous Transfer Mode sounds like a great technology‚ but who uses this thing? ATM is a technology that will enable carriers to capitalize on a number of revenue opportunities through multiple ATM classes of services; high-speed local-area network (LAN) interconnection; voice‚ video‚ and future multimedia applications in business markets in the short term; and in community and residential markets in the longer term. (http://www.telecomspace.com/vop-atm.html) Asyncronous transfer mode is a service
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Critical Overview “Nothing put a more monstrous face on the laundries than The Magdalene Sisters” (Bill Donohue). The film received praise with just about everyone but the Catholic Church‚ “none of this is true” (Donohue). The Magdalene Sisters won a multitude of awards and was nominated for more. The film followed only 4 of the over 30‚000 girls that were abused by the Catholic Laundries for a period of 5 years‚ while some women spent their lives slaves to the church (Neil Smith). The Catholic
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Verifiable Goals Questions & Answers Q1.Can a division manager develope verifiable goals‚ or objective‚ when they have not been assigned to him or her by the president? How? What kind of information or help do you believe is important for the division manager to have from headquarters? ANS 1. Yes‚ I think a division manager can develop verifiable goals‚ or objective‚ when they have not been assigned to him or her by the president. It seems that the division manager has exercised management by objectives
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HEAT TRANSFER MECHANISMS Heat energy is being transferred from one location to another because of a temperature difference. The three mechanisms for heat transfer are: • Conduction. When you grip the hot handle of a pan on a stove‚ you feel conduction in action. Heat flows from the pan and along the length of the handle to its cooler free end. This is because one end of the rod is held at the high temperature‚ and the other end stays at the lower temperature. Although the rod itself doesn’t
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International Money Transfer in Nigeria (Kester Osahenye) Introduction With an estimated 145 million inhabitants (Nigerian Population Census December 2006)‚ Nigeria is unarguably the most populous country in Africa. Since the emergence of the nascent democracy‚ Nigeria now plays a pivotal role in African migrations. As Africa’s economic giant‚ Nigeria has also become increasingly involved in international migration to Europe‚ the US‚ the Gulf countries and South Africa. Yet Nigeria is a source
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STRATHMORE UNIVERSITY SCHOOL OF FINANCE AND APPLIED ECONOMICS BSF 1101 ACCOUNTING AND REPORTING 1/INTRODUCTION TO ACCOUNTING 9. NOT FOR PROFIT MAKING ORGANIZATIONS 9.1 Introduction These are organizations that are set up to promote or to cater for the welfare of the members involved and not to make a profit. These include clubs‚ (e.g. professional clubs‚ academic clubs‚ sports clubs)‚ welfare associations and any other societies (charitable institutions). Because these organizations are
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Question1. Describe the concept of vision in an organisation with example. How is it different from mission statement ? A vision statement is a vivid idealized description of a desired outcome that inspires‚ energizes and helps you create a mental picture of your target. It could be a vision of a part of your life‚ or the outcome of a project or goal. Vision statements are often confused with mission statements‚ but they serve complementary purposes. Examples of vision statement The nature
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