• Auditing Chap. 5
    account that might also be out of line due to the manner in which the double-entry bookkeeping system records transactions.Financial statements produced under the cash basis of accounting cover cash receipts plus receivables within a specified period from the end of the period (complementary period); cash...
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  • Mis and Decisin Making Concepts
    MIS AND DECISION MAKING CONCEPTS HERBERT SIMON MODEL OF DECISION MAKING DECISION-MAKING CONCEPT: A decision is choice out of several alternatives (options) made by the decision maker to achieve some objective s in a given situation. Business decisions are those, which are made in the process of conducting...
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  • Community Genetic Modified Organism
    Government 3.1 3.2 3.3 3.4 4. 9 Sources of Risk Local Government Responsibility Precaution Liability and Compensation Response Options Under Existing Statutes 23 4.1 Introduction 4.2 Assessment of Other Existing Statutes 4.3 Approaching a District Plan Change 4.3.1 Objectives and...
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  • Management
    co-ordination, and control. But nowadays, a responsible manager has to perform at least eight managerial functions. These are : - Planning - Decision Making - Organizing - Staffing - Communicating - Motivating - Leading - Controlling. P L A N N I N G Planning encompasses...
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  • Behavioural Finance
    the study of how limited resources are allocated by humans, and how these resources are managed, obtained and invested over time. There are two key models within the traditional Theory of Finance:(i) Market agents are perfectly rational: Perfect rational behavior is referred as any new information available...
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  • Risk Analysis Investment
    the risk analysis process. The third part examines the interpretation of the results generated by a risk analysis application including investment decision criteria and various measures of risk based on the expected value concept. The final part draws some conclusions regarding the usefulness and limitations...
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  • Summary Minor Influencing People: Psychology and Practice
    Introduction: Decision Making Limited capacity and heuristics Decision making = the process of arriving at a preference for a certain option. People have the tendency to perceive a decision as making a choice between at least two options, however making a decision is not that simple. Decision making includes...
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  • Economic Paper
    assets is equal to the market rate of interest.2This proposition can be shown to follow from either of two criteria of rational decision-makingwhich are equivalent under certainty, namely (1) the maximization of profits and (2) the maximization of market value. According to the first criterion, a physical...
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  • Chapter 1
    This chapter presents preliminary discussions about decision that include short overview, relationship between decision and theoretical question with examples and theories or approach of decision as critical parts in discussing the decision subject. The goal of this presentation is the nurture of...
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  • Management Theories
    Sir, We have much pleasure in enclosing our Term Paper on “some selected theories and concept of management” for the course ‘Advanced Management’, under your kind supervision and cooperation. Thank you for your sincere and honest effort to help us get familiar with the different aspects of Advanced...
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  • Theories of Firm
    neoclassical economics that states that firms (corporations) exist and make decisions in order to maximize profits. Businesses interact with the market to determine pricing and demand and then allocate resources according to models that look to maximize net profits. The theory of the firm goes along with...
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  • Perception and Decision Making
    PERCEPTION AND DECISION MAKING [pic] TABLE OF CONTENTS 1.PERCEPTION.........................................................................................................................3 2. DECISION MAKING INTRODUCTION 5 3. DECISION MAKING PROCESS 6 3.1. Defining a problem 6 3.2....
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  • Managerial Uses of Accounting Information
    207 211 212 213 213 221 222 223 224 225 226 228 229 230 231 234 239 239 240 242 243 244 244 245 245 246 247 9 Consistent Framing under Uncertainty 9.1 Explicit Uncertainty . . . . . . . . . . . . . . . . . 9.1.1 Choices as Lotteries . . . . . . . . . . . . . 9.1.2 Choices as State Dependent Outcomes...
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  • Cost Accounting
    Cost Accounting 29 Strategic Decisions and the Management Accountant 31 Value-Chain and Supply-Chain Analysis and Key Success Factors 32 Value-Chain Analysis 32 Supply-Chain Analysis 33 Key Success Factors 33 Decision Making, Planning, and Control: The Five-Step Decision-Making Process 35 Key Management...
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  • What Is the “Right” Inventory Management Approach for a Purchased Item?
    seeks to identify and explain the critical factors that drive this decision. Design/methodology/approach – By conducting a review of relevant literature and deriving anecdotal observations from four case studies. Findings – This decision is influenced by three factors – customer demand or usage requirements...
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  • Om.Doc
    PART 4C Quantitative Methods for Decision Analysis 354 Questions [1] Source: CMA 0683 5-14 Dick Rixard is a quality control specialist for the Lasser Company. Lasser makes ball bearings that require close tolerances. In a recent production run Rixard found that the bearings had an average diameter...
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  • Type of Decision Making Enviroment
    .:VirtualSalt Introduction to Decision Making, Part 1 Robert Harris Version Date: June 9, 2012 Previous versions: December 2, 2009, October 17, 2008; July 2, 1998 We all make decisions of varying importance every day, so the idea that decision making can be a rather sophisticated art may at...
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  • Simulation Optimization
    Simulation Optimization technology are leading to new opportunities to solve problems more effectively. Specifically, in applications involving risk and uncertainty, Simulation Optimization surpasses the capabilities of other optimization methods, not only in the quality of solutions, but also in their interpretability...
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  • Management Information System
    concept was further modified, that the system should present information in such a form and format that it creates an impact on its user, provoking a decision or an investigation. It was later realized then even though such an impact was a welcome modification, some sort of selective approach was necessary...
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  • making supply meet
    Making Supply Meet Demand in an Uncertain World by Marshall L. Fisher, Janice H. Hammond, Walter R. Obermeyer, and Ananth Raman Harvard Business Review Reprint 94302 HarvardBusinessReview MAY-JUNE 1994 M.L. FISHER, J.H. HAMMOND, W.R. OBERMEYER, AND A. RAMAN MAKING SUPPLY MEET DEMAND ...
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