Chapter 1 Lecture Notes Chapter theme: This chapter explains why managerial accounting is important to the future careers of all business students. It answers three questions: (1) What is managerial accounting? (2) Why does managerial accounting matter to your career? and (3) What skills do managers need to succeed? It also discusses the importance of ethics in business and corporate social responsibility. I. What is managerial accounting? A. Examine the difference
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work we are going to present why the statistics are important in business‚ generally in big companies that need that data to help the to improve their sells and the product they make. With this data the professionals also can make graphics to help the crew to understand better what they need to improve on the product‚ or maybe low the price. Approach to the problem: Why the statistics are important in business? Hypothesis: I think that the statistics are important in business because they help
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Introduction In this fast moving day and age‚ organizations place emphasis on having that competitive advantage above all others in the market. The important elements that contribute to this added advantage stem from technology‚ marketing strategy‚ excellent customer service and many more. However‚ human resource is still the most important element/asset in an organization that links back and is the core to those elements mentioned. The success or failure of an organization is largely dependent on the calibre
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hierarchy within the organization. It is used in order for a person to receive orders from another person who is above them who in turn issues orders. Chain of command is important within corrections because when working in a field which requires details an issue is bound to occur. Therefore‚ it is important to make sure that whenever one is faced with a problem the correct steps are taken in order to solve the issue. In some fields following the chain of command may not be important‚ but when it comes
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Why is it important to reach out to all stakeholders and get them involved in the school? As educators‚ we know‚ schools cannot do it alone. They need the help of stakeholders in order to improve the education of our students. With the help of community stakeholders and organizations‚ schools can focus more on the academics‚ while the stakeholders help meet the needs of students and families. For example‚ every year‚ at our school we partner with a local church that provides us with many great volunteers
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“Human Resource is the most important asset of an organization” Human Resource plays a critical part in every organisation. It acts as a middle person to provide information to employees. It is the only department that is accountable for employment and recruiting‚ training and development‚ compensation‚ benefits‚ employee services‚ employee and community relations‚ personnel records‚ health and safety and strategic planning. Over the years‚ Human Resource department has evolved from focusing on
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Do you feel community service is important to a community? Why or why not? Explain your answer in two or three paragraphs. Community Service is important for many reasons. Taking part and volunteering teaches compassion and understanding. One of my favorite things about community service is that there are opportunities and choices everywhere! You can volunteer for something you really believe and have an interest in‚ and can volunteer as much or as little as you ’d like or have time for. Since
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Why Human Resources Is Important HR is typically thought of as a cost center that does not contribute to the bottom line even though they are responsible for hiring and protecting your company’s most important asset-people. Without strong‚ satisfied and motivated people in place your business will not grow to its potential. The Management Team often view HR as a team of paper pushers who take care of benefits and policies‚ or are a necessary evil-here to protect the company and limit issues
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“Accountability is the obligation of an individual or organization to account for its activities‚ accept responsibility for them‚ and to disclose the results in a transparent manner.”
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office a patient is given a clipboard with several papers on it‚ and is told to fill it out and return to receptionist when finished. What are all these papers‚ and why do they need to be filled out? These are actually very important to the care that the patient will receive. Every time a patient is seen by health care professional important information is gathered. This information is only to be shared between the physician and the health professionals in that office. Included in that stack of papers
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