different quality material from standard; Buying materials from a non‑usual source due to urgency; Utilising different labour from standard; Price changes due to economic conditions; scarcity of supplies; Choosing to incur additional discretionary fixed costs; More (or less) overtime hours used than budgeted. 2. Efficiency/usage/quantity variances: Standard is out of date‚ set without due care; Inefficient use of material/labour‚ deliberate or otherwise; Poor supervision/equipment/maintenance.Changes in
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When it comes to buying a car or a house‚ big ticket items are carefully thought over before purchasing‚ yet at one time or another people always end up buying. A car will break down and a house will weather away‚ but they can always be replaced. A different costly item that people won’t partake in buying‚ because of price‚ is college. College is one thing that won’t fade over time but instead will stick around and go farther in life. This will be one of the biggest investments anyone will make in
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world. Unit cohesion could not exist without accountability. Good communication could not happen without good accountability. Merriam-Webster Dictionary defines accountability as: “the quality or state of being accountable; especially: an obligation or willingness to accept responsibility or to account for one’s actions” Supervisors‚ running a company‚ need to have 100% accountability of their employees. This is so that if someone else asks about a certain employee‚ the supervisor can give an
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Generally‚ the term cost of production refers to the ‘money expenses’ incurred in the production of a commodity. But money expenses are not the only expenses incurred on the production of a commodity. There are number of services and inputs such as entrepreneurship‚ land‚ capital etc.‚ which are offered by an entrepreneur without changing any price or receiving any payment for them. While computing the total cost of production‚ allowance should be made for such expenses. It is therefore essential
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Increasing global women unemployment threat to economy. The International Labour organization shows the gap between the males and females in global labour market was in control in the early 1990’s but it gradually increased significantly after the global economic crisis in 2007.Huge women unemployment is seen in most of the developing countries. In developing countries women involves in trade related sectors. Women contribute to the economy in large scale. Most of the domestic‚ cottage or small
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improvement in the productive powers of labor‚ and the greater part of the skill dexterity‚ and judgment with which it is anywhere directed‚ or applied‚ seem to have been the effects of the division of labor” (Smith‚ Book1‚ Chapter 1‚ Of the Division of Labor). The division of labor allows a market‚ state‚ countries and societies to undergo economic improvement. Adam Smith is correct to say that The Division of Labor is how countries become rich‚ but the division of labor has some of its own problems too
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Running head: NAME OF CASE Name of Case Study Student Name Kaplan University MT203: Human Resources Management Instructor Name Month Date‚ Year Name of Case Introduction This is generally one paragraph. The easiest way to explain this section is to think of it like a brief overview of the topics you will be discussing in your paper. The introductory paragraph is designed to set up the rest of the paper by offering your reader a glimpse of what is to come. The goal here is to grab
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J U LY 2 0 12 How strategists lead Cynthia A. Montgomery A Harvard Business School professor reflects on what she has learned from senior executives about the unique value that strategic leaders can bring to their companies. Seven years ago‚ I changed the focus of my strategy teaching at the Harvard Business School. After instructing MBAs for most of the previous quarter-century‚ I began teaching the accomplished executives and entrepreneurs who participate in Harvard’s flagship programs for business
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History of Labor Day For other Labor Day information‚ visit our Labor Day 2011 page. Labor Day: How it Came About; What it Means Labor Day‚ the first Monday in September‚ is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength‚ prosperity‚ and well-being of our country. Founder of Labor Day More than 100 years after the first Labor Day observance
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