Chapter Six Businesses and Their Costs Study Questions: 1. Explain the difference between a plant‚ a firm‚ and an industry. Plant – establishments such as a factory‚ farm‚ mine or store. Firm – an organization that employs resources to produce goods/services for profit. Industry – group of firms that produce the same or similar products. 2. State the advantages and disadvantages of the corporate form of business. Advantages – most effective form of
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does he/she say so. The supporting sentence can be noticed in lines 7-8. As for lines 9-10‚ it would not be necessary as it has already been stated at the end of the introductory paragraph. The concluding sentence of this paragraph can be seen in lines 11-12. Paragraph 3 This paragraph states that “Mickey Mouse” influences the dressing of girls. The topic sentence can be observed in line 13. The sentences that support the topic of this paragraph can be seen in lines 14-17. To end the paragraph
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rule of ARB 51. Answer the following: (a) Discuss the consolidation guidance under ARB 51. Under ARB 51‚ consolidated financial statements are usually necessary for a fair presentation when one of the companies in the group directly or indirectly has a controlling interest in the other companies. ARB 51 stated consolidation guidance as “usual condition for a controlling financial interest is ownership of a majority voting interest.” i) The usual condition for a controlling financial interest is
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How to Cool a Can of Cola Quickly Imagine a half an hour before your party is going to start you realize something very important. You forgot to chill the colas! What do you do? I intend to look at the science of this predicament‚ tell you what materials to use and how conduct the experiment. To answer this question‚ you must have an understanding of the science behind cooling. Coolness actually means the absence of heat. Ice is the reason that liquids get cool because ice takes the heat from
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think differently you’re judgment can be blurred and the outcome can be poor. For example as of September 8th 2015 David Johnson a writer for Time labs says that “women only account for 15.3% of the active us military personnel.” Mendrek Adrianna is a researcher at Mentale Montreal on neurosciences “Women reported being more reactive to the emotional images. Meanwhile men with higher levels of testosterone were more frequent associated with lowered sensitivity to the images” Mendrek explains that
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Work is now commonly organized into teams in most organizations‚ and conventional wisdom is that working in groups is more productive than individual work. Yet‚ research on work in groups shows that teamwork can actually inhibit or even damage productivity. Why? One reason is that under the cover of group work people are less productive‚ sometimes even satisfied that others are the same. Originally‚ this behavior was called “social loafing‚” a term coined by a French professor‚ Max Ringelmann in
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that incurs cost when producing a product or providing a service” (Kimmel‚ 2009‚ pg. 867). Very important detailed information on how these costs are processed through the company’s work flow. The activity-based costing system shows the company management all the deficiencies‚ where cost improvements are needed‚ and where prices need to be increase for future production or location planning. The other reasons that activity-based costing can be used are that these are variable costs. Under variable
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assess and manage the emotions of one’s real self and of others. Our EQ‚ or ’Emotional Quotient’ ‚ is how one measures ’Emotional Intelligence’. Dealing with emotions is extremely important to our health. When we repress feelings‚ they will manifest‚ through illnesses such as depression‚ anxieties‚ panic and eating disorders‚ just to name a few. We must be honest about our feelings. Only then can we accept and manage them. Many people prefer to ignore their emotions‚ especially when it may upset
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How Can We Reduce the Incidents of Illegal Passing of Stopped School Buses? Patsy Hudson Mount Olive College How Can We Reduce the Incidents of Illegal Passing of Stopped School Buses? Safety at the school bus stop is an issue that is widely discussed with the beginning of each new school year yet it’s probably one of the most neglected topics as the school year progresses. Most of us as humans crave routine to have our day run smoothly and there is nothing more routine than the route a
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How to Establish an Ethical Environment in the Company Nowadays‚ in any working place; a trading company‚ school‚ university‚ etc.‚ there are always different kinds of situation and problems that is faced daily. Only a manager with an ethical behavior would know how to deal with these circumstances. That is why companies and other working places that aim for an ethical environment should build an ethical foundation from the very start‚ that way they can prevent and reduce the amount
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