Advantages of marginal costing (Relative to the absorption costing) Preparation of routine operating statements using absorption costing is considered less informative for the following reasons: 1. Profit per unit is a misleading figure: in the example above the operating margin of Rs2 per unit arises because fixed overhead per unit is based on output of 5‚000 units. If another basis were used margin per unit would differ even though fixed overhead was the same amount in total 2. Build-up or run
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Identification of A Mixed Culture Unknown An experiment such as this one serves the purpose of allowing us‚ the students‚ to apply what we already know about any organism and any laboratory procedure to the difficult task at hand. It is possible to identify a mixed culture by running familiar experiments on the unknown bacteria and taking information already known about specific bacteria and applying it to the results. This helps to slowly eliminate any bacteria that do not correspond with the
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system attempt to allocate and make effective use of resources 2 2. Discuss the impact of social welfare and industrial policy initiatives on organizations. 3 3. Evaluate the impact of macroeconomic policy measures and the influence of the global economy on international-based organization and stakeholders. 4 B. Investigate the behavior of association and the market environment 5 4. Explain how market structures impact on the fruit association. 5 5. Use examples to illustrate the relationship between
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References: Creswell‚ J. W. (2009). Research design: Qualitative‚ quantitative and mixed methods approaches (3rd ed.). Thousand Oaks‚ CA: Sage Publications‚ Inc. Morley‚ J. (2012). Review of ’Five ways of doing qualitative analysis: Phenomenological psychology‚ grounded theory‚ discourse analysis‚ narrative research‚ and intuitive inquiry
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* * Home * About Site * Content Quality Guidelines * * * * * * Suggest Us * Report Errors * Contact Us 1036 Words Essay on Indian Economy: Adopting New Approach By Dipti After independence‚ India chartered a path of economic development based on mixed economy‚ building a new industrial structure around the public sector and a closely monitored‚ regulated and controlled system where government played the role of licenser in the process of building
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Introduction Globally‚ there are at least 4 well known economy systems that are used by countries around the world. They include the traditional market‚ free market‚ command market and mixed market. Certainly‚ the way government policies work and their influence on the economic growth of their country vary depending on which economic system is used. It is also important to note that these different systems of economy management have their own distinct advantages and disadvantages as well. The purpose of this
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While some people argue that mixed ability classes are more beneficial to the development of school children‚ others hold the view that homogeneous grouping of students enable the largest number of students to experience the most learning success. Although heterogeneous grouping of students can bring certain advantages‚ I personally believe that ability grouping work best to cater to students of different learning ability and interest and will help to maximise learning. First of all‚ there is a little
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Types of Economies What is an economy? An economy consists of the economic systems of a country or other area; the labor‚ capital‚ and land resources; and the manufacturing‚ production‚ trade‚ distribution‚ and consumption of goods and services of that area. A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange
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The complex situations are the most unfair‚ and for me‚ my complex situation is my identity as a young mixed race woman. It is the “not white enough to be white and not enough black to be black” aphorism that has shadowed my life and has caused inner conflict and unrest within myself. The only people I have been able to share the conflict with were my own sisters who were engaged in similar battles of their own with race. We never spoke about race. We didn’t bring it up at family engagements or talk
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LEVEL 1:1 (VISITING) PRESENTATION QUESTION: Types of economies Societies have developed different broad economic approaches to manage their resources. Economists generally recognize four basic types of economic systems—traditional‚ command‚ market‚ and mixed. “Economics is the study of the use of scarce resources to satisfy unlimited human wants” (Lipsey‚ Courant‚ Purvis and Seiner 1993:5) In the traditional System the economy is based on tradition‚ customs and habits where the young men
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