CHAPTER 1 DECISION MAKING AND THE ROLE OF THE ACCOUNTANT DISCUSSION QUESTIONS SOLUTIONS 1. ‘Accounting is irrelevant in decision making because the information it provides relates only to the past.’ Discuss. Accounting is relevant to the decision-making process as it helps provide financial information as to the most efficient use of available economic resources. Although accounting provides financial information based on past financial transactions‚ it is useful in giving details on how efficiently
Premium Economics Decision making Small business
BASIC QUESTIONS Raw Cotton: 1. What is your idea about cotton? What are the different types of cotton? 2. Draw a diagram by which you can explain process production & marketing of raw cotton. 3. What are the different countries where raw cotton is produced? Draw a table in where you can explain country wise percentage of raw cotton in the world. 4. What are the steps to import raw cotton from other countries? Explain with diagram & documentations produced in bank. 5. Explain communication
Premium Cotton Knitting Yarn
What are the 7 P’s and 7 C’s of marketing mix? Seller’s point of view | Buyers’ point of view | Product | Customer Choice | Place | Convenience | Price | Cost (to the customer) | Promotion | Communication | People | Consideration | Process | Consistency | Physical Evidence | Circumstances | ANSOFF’S MATRIX A common tool used within marketing was developed by Igor Ansoff in 1957. He suggested that a business has the potential to grow by using one of four strategies. These strategies
Premium Marketing Strategic management
INTRODUCTION These days‚ communication plays an important part in every job; it is the focus of many careers. The need for communication skills is important in virtually every career‚ not just those that are traditionally stared as people-oriented. The process of communication is more than the total of number of people involved‚ understanding them could help clarify what happens when one person stabs to express an idea to others. Communication can be defined as the process by which a message or
Premium Communication Nonverbal communication
Basic Finance Nicholas Miles MBA 503 Thomas Snow April 4‚ 2007 Group # SV06MBA06 The main purpose of studying finance is to gain an understanding of the financial performance of a company‚ corporation or industry. By looking at a company ’s financial performance‚ decisions can be made about many things by many different players. Corporations are rated by different agencies that examine financial records and potential for growth. Fitch ratings are a good example of this. My employer has an
Premium Finance Income statement Financial statements
examples. Name the functions of a subordinating clause in a sentence. Provide examples. Explain. (i.e.‚ underline the clause and name its function). 1. - A sentence is “the largest unit of grammar‚ at the head of a hierarchy of grammatical units” (Leech‚ 2006‚ p.104); hence above clauses and phrases. Moreover‚ this unit is “made up of one or more clauses” (Leech & Svartvik‚ 1985‚ p. 281). According to Leech (2006‚ p. 104)‚ sentences may be divided into: Simple sentences –those with just one
Premium Sentence Syntactic entities Clause
Society The term society is most fundamental to sociology. It is derived from the Latin word socius which means companionship or friendship. Companionship means sociability. According to George Simmel it is this element of sociability which defines the true essence of society. It indicates that man always lives in the company of other people. Man is a social animal said Aristotle centuries ago. Man needs society for his living‚ working and enjoying life. Society h as become an essential condition
Free Sociology
Basic Photography Photography is the art‚ science‚ and practice of creating durable images by recording light by means of an image sensor. Typically‚ a lens is used to focus the light reflected or emitted from objects into a real image on the light-sensitive surface inside a camera during a timed exposure. The result in an electronic image sensor is an electrical charge at each pixel‚ which is electronically processed and stored in a digital image file for subsequent display or processing. Photography
Premium Digital camera Photography Digital single-lens reflex camera
what keeps the society in agreement and working properly. Religion plays a big part in the family and society; if a family is religious this will be taught to the new members of family‚ the family may choose to send a child to a religious school‚ which is the family teaching the child the role of religion due to there choice. Law is also an agent of the family’s role‚ the family all have to abide by certain rules there for the offspring and new members will be taught this by the family maintaining social
Premium Sociology
Asses the view that in today’s society the family is losing its functions. We usually define the word "family" with a group consisting of parents and children living together in a household but to many sociologists‚ this definition is narrow and is not a very accurate way of describing a family. According to Murdock (1949) the family is a "social group" which is identified by common "residence"‚ "economic" and "reproduction" whereas Giddens (1993) states that the family is directly linked by "kin
Premium Sociology Family