Becoming a flexible reader There are three important reading style that each student to be a flexible reader. Each has its own purpose‚ a student has to identify his purpose for reading and decide if he is reading or looking for specific information. The first style is Study Reading‚ this is the use when the purpose is to read difficult material at a high level of comprehension. the student should read at a rate that is slower than his normal rate‚ he must challenge himself to understand the material
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BUDGET MANAGEMENT ANALYSIS To have a basis in illustrating the analysis of variance or difference between budgeted and actual figures‚ the budget of a sampled (unknown) company was utilized (http://www.smallbusinessnotes.com/business-finances/budgeting-systems.html). | | | | | | | | |
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NTPC (NATIONAL THERMAL POWER CORPORATION) INTRODUCTION: NTPC Limited is the largest thermal power generating company of India. A public sector company‚ it was incorporated in the year 1975 to accelerate power development in the country as a wholly owned company of the Government of India. At present‚ Government of India holds 89.5% of the total equity shares of the company and the balance 10.5 is held by FIIs. Domestic Banks‚ Public and others. Within a span of 31 years‚ NTPC has emerged as
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Budget Interpretation Budgets help to bring spending under control and lead the way for the development of plans that enable an organization to become or remain fiscally sound. For an organization to develop or maintain financial stability‚ it must understand the purpose of budgeting and how to apply the various budgeting techniques that will help promote and expand the business. Budgeting requires organizations to use financial projections to attract investors and secure grants or donations‚ which
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toward achievement of those goals‚ thereby allowing them to be effective (Nahavandi‚ 2015). Leaders in turn are responsible for the overall success or failure of an organization. Over the years‚ there have been many leadership theories developed. Flexible leadership theory (FLT) theorizes that businesses implement three key factors to achieve organizational success. These three factors are as follows; efficiency and process reliability‚ innovation and adaptation‚ and human relations and resource
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In PBM managed contracts among retail pharmacies such as‚ Bob’s Pharmacy‚ the PBM often in most instances will reimburse the pharmacy a flat rate dispensing fee for each prescription filled in addition to an added reimbursement amount for the actual product dispensed that can be based upon a percentage of the Average Wholesale Price (AWP). This price reimbursed for a drug may be different than the initial price that the retail pharmacy paid the drug wholesaler who supplied the drug to be dispensed
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LABOR COST VARIANCE CAN BE SPLIT INTO • Direct labor rate variance (P) Calculation: actual total labor costs - (total actual labor hours worked x budgeted labor hour rate) Interpretation: calculates the portion of labor costs variance driven by the changed labor rate per hour Possible reasons for variances: changes in staff qualification and skills‚ general increase of wages in economy‚ premiums paid to finish a job quickly‚ poor budgeting • Direct labor quantity (efficiency) variance (P) Calculation:
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Master Budget Master Budget Definition The master budget is the aggregation of all lower-level budgets produced by a company’s various functional areas‚ and also includes budgeted financial statements‚ a cash forecast‚ and a financing plan. The master budget is typically presented in either a monthly or quarterly format‚ and usually covers a company’s entire fiscal year. An explanatory text may be included with the master budget‚ which explains the company’s strategic direction‚ how the master
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Health Care Budget HCS/577 July 27‚ 2015 Professor Michelle Gomillion Health Care Budget Most entities and organization create budgets as a guide for controlling its spending‚ prediction of profit‚ and it expenditure as they progress toward a set goal. Budget involves pulling resources together to achieve a specific goal. According to Gapenski (2006)‚ budgeting is an offshoot in a planning process. A basic managerial accounting tool use in holding planning and control functions together is referred
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Introduction Prior to researching this topic‚ my impression of management was limited. My concept was meshed within the framework of business and economics. Therefore‚ my definition of this construct was in error. For rectification‚ and foundational reference‚ management is the process of directing resources towards the accomplishment of a specific goal. This definition‚ one that I have derived from the compilation of many‚ incorporates two key variables. The first operative word in this definition
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