Support-Service Costs ANSWERS TO REVIEW QUESTIONS 10.1 The following factors should be considered when deciding whether to outsource a support service: • cost • quality‚ timeliness‚ and reliability • security of sensitive information • knowledge required 10.2 Some of the costs of cost allocation include: • additional bookkeeping; • additional management costs in selecting allocation methods and allocation bases; and • costs of
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DISCUSS THE CAUSES AND COSTS ASSOCIATED WITH PRINCIPAL AGENCY PROBLEM (10) Principal agency problem refers to a conflict arising when people appointed (agents) and entrusted to look after the interests of others (principals) use the authority‚ power or resources for their own benefit instead. It is a pervasive problem and exists in practically every organisation whether a business‚ church‚ club or government. Organisations try to solve it by instituting measures such as tough screening processes
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This chapter spoke about food deserts‚ which is an urban area where it is difficult to buy good quality foods. In Oakland California‚ there is many liquor stores‚ fast food restaurants‚ and establishments that provide non nutritious foods. I was shocked to find out that when employment went up the prices of needs like foods and rent also went up. I think it is unfair to have these things happen because as people are trying to better themselves‚ the marketplace makes it more difficult for them to
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on cost‚ operational control‚ systems‚ and quality at the expense of growth? Answer: We don’t need to be concerned about this issue too much. Actually CitySoft has been growing fast since 1998 to 1999‚ and it is the time to focus more on its cost‚ operational control and systems in order to improve CitySoft’s profitability in the future. Refining the process of operation and cost management is quite necessary for CitySoft at this point‚ because if it kept expanding without improving its cost‚ operational
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quality and efficiency of health service delivery by creating conducive environment for health professionals just focus on clinical services Preconditions for outsourcing Outsourcing is possible if it ensures 1.Reduction in cost of providing the services 2.Quality improvement (of service provision) with the same level of cost 3.Reduces workload of hospital management body so that they focus on provision of clinical services Advantages of outsourcing food services in hospitals 1) Improves the
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Exam Overview for Saturday June 8th Instructions A. Complete the budgeting questions and any one of the others. 1. Service Cost Allocations CLASS: Teck Tecky Water Services provides water for Departments A‚B and C and has prepared its total budget using the following information for the next year:- Fixed Costs $300‚000 Budgeted Gallon Usage:- Variable Costs $0.10 per gallon Dept. A 2‚500‚000 gallons Available capacity 10‚000‚000 gallons Dept. B 2‚000‚000 gallons Dept
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CAUSE AND EFFECT ON GM FOODS I have selected to research and write about the potential dangers and benefits of genetically modified (GM) foods. Genetically modified foods are produced from organisms that have had specific changes introduced into their DNA using methods of genetic engineering. These techniques have allowed far greater control over food’s genetic structure than past methods like selective breeding. Genetically modified foods were introduced commercially for sale in 1994. No thorough
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that the Food service Industry faces can be broadly divided into the following categories: * Economic /Market Factors * Operational Factors * Fragmented Supply Chain * Government/ Regulatory Factors * Consumers Factors Economic/ Market Factors * Rising Food Costs: Food price inflation is a key factor affecting the food services market in India and is impacted by delayed monsoons‚ the economic slowdown and unfavourable demand-supply conditions. Across all food services formats
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“Higher taxes should be imposed on soft drinks and junk food to encourage healthy eating.” Many people go out and buy junk food or drink soft drinks because of how cheap it costs. Majority of the healthy foods out in the super market cost more. Even if they tried to put higher taxes on junk foods‚ there wouldn’t be a difference because people don’t care about the price if they really want junk food because the price wouldn’t even bother them and encourage them to eat healthier. Just because they
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providers operating in a fee-for-service environment: a. Assuming the graphs are drawn to the same scale‚ which provider has 1- the greater fixed costs? 2- The greater variable cost rate? 3-The greater per unit revenue? 1- B 2- B 3- A b. Which provider ha the greater contribution margin? B c. Which provider needs the higher volume to break even? A d. How would the graphs below change if the providers were operating in a discounted fee-for-service environment? In a capitated
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