Budgeting http://nces.ed.gov/pubs2004/h2r2/ch_3.asp Budgeting. Retrieved on February 17‚ 2009 at A major element of financial data activity rests in the act of budgeting. Budgeting is the process of allocating finite resources to the prioritized needs of an organization. In most cases‚ for a governmental entity‚ the budget represents the legal authority to spend money. Adoption of a budget implies that a set of decisions has been made that culminates matching resources with needs. As such‚ the
Premium Management Budget Economics
ANSWERS TO STUDY QUESTIONS CH 1 1. Why is management important to society? For a society to survive and prosper there must be maintained efficient and effective management of the production of goods and services. 2. Why is management important to individuals? The management function is a source of employment to 18% of the growing work force. It offers good salaries‚ status‚ and opportunities for personal growth. 3. What is the role of the manager? The role of the manager
Premium Management Strategic management
ANSWERS TO QUESTIONS 1. Sustainable income is defined as the most likely level of income to be obtained in the future. It is the amount of regular income that a company can expect to earn from its normal operations. In order to distinguish a company’s net income from its sustainable income‚ irregular items‚ such as a once-in-a lifetime gain or discontinued operations‚ are reported separately on the income statement. 2. Items (a)‚ (d)‚ and (g) are extraordinary items; item (h) is debatable
Premium Generally Accepted Accounting Principles Balance sheet Revenue
government known as an absolute monarchy‚ or absolutism. Although this has been “regarded as the best example of the practice of absolute monarchy‚” it could also be argued that the government of the day was more of a hybrid of absolutism. To begin with‚ the question needs to be answered‚ “What is an absolute monarchy?” With so many different systems of government‚ including more than one version of monarchy itself‚ it can be easy to confuse one with another. By definition‚ an absolute monarchy is a form
Premium Louis XIV of France Thirty Years' War Monarchy
collapse due to revolutions and corruption. This is due to the flaws in those governments that give the people too much power. Niccolo Machiavelli’s idea of an absolute secular monarchy addresses these issues. The problems that people bring into politics are removed‚ and a king is put in place to make society flourish. Niccolo Machiavelli’s absolute secular monarchy is the ideal form of government because it prevents the selfish people of society from uprooting the government‚ provides people with security
Premium Political philosophy Republic Government
Decision Matrix Make The Perfect Decision Every Time www.CrowInfoDesign.com About This Ebook Would you like to learn how to improve your decision making? Would you like to stop second guessing your choices? This ebook explains the process for making logical decisions each time you face tough choices‚ and provides a tool to help you organize your decisionmaking process. ©2013 Crow Communications‚ LLC The copyright holder licenses this ebook under the Creative Commons Attribution-No
Premium Decision making Weight Field
What are the differences between absolute advantage and comparative advantage? Absolute advantage and comparative advantage are two basic concepts to international trade and perhaps two most important concepts in international trade theory. Under absolute advantage‚ one country can produce more output per unit of productive input than another. With comparative advantage‚ if one country has an absolute (dis)advantage in every type of output‚ the other might benefit from specializing in and exporting
Premium Economics International trade Comparative advantage
2.5 Working Capital This section includes: Definition and classification of working capital Determinants of Working Capital Measurements of Working Capital Working Capital Financing Management of Working Capital Inventory management Cash Management Receivables Management INTRODUCTION : The term working capital is commonly used for the capital required for day-to-day working in a business concern‚ such as for purchasing raw material‚ for meeting day-to-day expenditure on salaries‚ wages‚ rents rates
Premium Inventory Working capital Finance
Absolute monarchy can be defined as “a political theory that encourages rulers to claim complete sovereignty within their territories” (Joshua Cole‚ 2011). Absolute monarchy allows monarchs to take any form of action they desire without any restriction from laws or constitutions. Usually‚ in cases of absolute monarchy the monarch is a king‚ queen‚ or individual of royal descent. These kings typically rule with mild selfish ambitions and want simple political power and wealth. This form of government
Premium Monarchy Absolute monarchy Constitutional monarchy
“By morality the individual is taught to become a function of the herd‚ and to ascribe to himself value only as a function…Morality is the herd instinct in the individual.” Is Morality absolute or relative? Although there are many interpretations explaining why both could be right‚ each of them have theories proving why they could also be wrong. There are billions of people on this earth who come from different cultural backgrounds. Even though no culture is the same‚ there is a greater number of differences
Premium