biggest unions announced strike ballots over pensions” (BBC News September 2011). Teachers and university lecturers are also planning to strike. Critically assess why substantial reforms are being planned for public sector pensions and the effects on the personal finances of those affected by such reforms. The difference between many tax and benefit changes the government proposes and the reforms of publics pensions is that pension reforms will take many years to come into effect completely.
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TYPES OF COSTS Introduction :-Production is the result of services rendered by various factors of production.The producer or firm has to make payments for this factor services. From the point of view of the factor inputs it is called ‘factor income’ while for the firm it is ‘factor payment’‚ or cost of inputs.Generally‚ the term cost of production refers to the ‘money expenses’ incurredin the production of a commodity. But money expenses are not the only expensesincurred on the production
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Sainsbury’s in UK and Tesco in China Tesco has becoming a major trader across the globe but with this approach it faces many challenges. Across the countries in which it operates in‚ each has their own laws‚ regulations‚ economy and consumers. Term Definition Economic cycle Definition – The economic cycle is the fluctuation of the economy‚ this can be in the time of growth or recession. The economy will experience ups and downs in the amount people spend‚ the amount of income coming in‚ the
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traditional volume-based system to an activity-based costing (ABC) system after reading about the two-stage procedure to assign overhead cots to products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they
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Quality Cost 1 Quality is defined from the customer´s point of view l Performance l Performance or the primary operating characteristics of a product or service. Example: For a car‚ it is speed‚ handling‚ and acceleration. For a restaurant‚ it is good food. l Features l Features or the secondary characteristics of a product or service. Example: For a TV‚ it is an automatic tuner. For a restaurant‚ it is linen table cloths and napkins . l Reliability l Reliability
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After initially graduating in aeronautical engineering‚ Porter achieved an economics doctorate at Harvard‚ where he was subsequently awarded university professorship‚ a position he continues to fulfil at Harvard Business School. His research group is based at the Harvard Business School‚ and separately he co-founded with Mark Kramer the Foundation Strategy Group‚ ’a mission-driven social enterprise‚ dedicated to advancing the practice of philanthropy and corporate social investment‚ through consulting
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The Takeover of Animal Farm Animal Farm by George Orwell is a non-fiction novel based on the lives of a society of animals living on a farm. Although the name of the book puts forward the assumption that it is simply about animals‚ the story is a much deeper and complex take on behavior and human nature. The animals are puppets that exemplify how humans function‚ how misinformation was used by early powerful leaders such as Stalin‚ and how the result of control changed the behavior of citizens
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The likely consequences of skipping class Most students have the experience of skipping class due to various kinds of excuses. No matter what the excuse is‚ almost everyone agree that skipping class is not a proper behavior for the college students‚ so that it will lead to some serious consequences. In my view‚ every coin has two sides‚ and we shall not just focus on one side. Speaking to the behavior of skipping class‚ objectively‚ there are two kinds of consequences of it. Students who choose
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Critically discuss the notion of labour as a “fictitious commodity”. Provide examples where necessary. This paper outlines the argument of labour as a “fictious commodity” using Polanyi’s work. This paper first define what commodity is and what fictitious commodity is before going into deep details of this topic. Conclusions have been drawn base on the main core of the topic and critiques of fictitious commodity by Polanyi. First‚ a commodity is a good or service that is actively produced
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1986‚ stated that: Robertson continued by stating that the word only starts to mean something tangible in the modern world when it is prefixed with other political words‚ such as direct‚ representative‚ liberal and parliamentary. This belief is based on the right of every citizen over a certain age to attend political meetings‚ vote on the issue being discussed at that meeting and accepting the majority decision should such a vote lead to a law being passed which you as an individual did not support
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