Case Study Electron Control‚ Inc.‚ sells voltage regulators to other manufacturers‚ who then customize and distribute the products to quality assurance labs for their sensitive test equipment. The yearly volume of output is 15‚000 units. The selling price and cost per unit are shown below: Selling price $200 Costs: Direct material $35 Direct labor 50 Variable overhead 25 Variable selling expenses 25 Fixed selling expenses 15 150 Unit profit before tax $ 50
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Indian Contract Act‚ 1872. The law relating to contracts in India is contained in the Indian Contract Act‚ 1872. It extends to the whole of India except the State of Jammu and Kashmir from the first day of September‚ 1872. The Act deals with the general principles of the law of contract and some special contracts. The first six chapters of the Act deal with general principles of contracts. Essentials of a Valid Contract (All Contracts are Agreements but all Agreements are not Contracts)
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Q1.Explain the process of problem identification with an example. Answer : Problem Identification – A Process : One of the most important first tasks of research is to identify and define clearly the problem you wish to study. If you are uncertain about the research problem or if you are not clear in your own mind about what you want to study‚ others who read your proposal will also be uncertain. A well-defined research problem statement leads naturally to the statement of research objectives
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Q. Discuss the functions of Human Resource Management in an organization. Enumerate the challenges of HRM in the present organizational context. Ans. The functions of HRM can be broadly classified into two categories viz 1) Managerial Functions 2) Operative Functions : FUNCTIONS OF HRM Managerial Functions | Operative Functions | Planning | Employment | Organising | Human Resources Development | Directing | Compensation | Controlling | Human Relations | | Industrial
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1. What are business ethics? Business ethics are moral principles that guide the way a business behaves. The same principles that determine an individual”s actions also apply to business. Acting in an ethical way involves distinguishing between “right” and “wrong” and then making the “right” choice. It is relatively easy to identify unethical business practices. For example‚ companies should not use child labour. They should not unlawfully use copyrighted materials and processes. They should
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Yvette Perkins MBA-6620/Paper 1 The definition of a leader can be expressed in many ways. In reference to the movie 12 Angry Men‚ I have come to agree with the quote of our sixth President John Quincy Adams which states “if your actions inspire others to dream more‚ learn more‚ do more‚ and become more‚ you are a leader.” (Smith‚ 14) In this movie the main character Davis played by Henry Fonda was able to influence 11 other jurors by introducing the concept of possibility. Davis exemplified
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SCHEME OF EXAMINATION & SYLLABUS FOR MASTER OF BUSINESS ADMINISTRATION (MBA) (Effective from Academic Session 2011) DEPARTMENT OF MANAGEMENT STUDIES DEENBANDHU CHHOTU RAM UNIVERSITY OF SCIENCE AND TECHNOLOGY MURTHAL (SONIPAT)‚ HARYANA - 131039 SCHEME AND INSTRUCTIONS FOR MBA EXAMINATION 1. This is an intensive programme of study for two academic sessions. 2. The programme is divided into four semesters and there shall be an examination at the end of each semester. 3. Each paper shall
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Running Head: MBA 503 Managerial Accounting 1 MBA 503: Managerial Accounting Assignment 5.1: Problem‚ Chapter 8 & 9 Jones International University 2 Chapter 8: 1‚ 9‚ 15‚ 18 Q1: What is the difference between a static budget and flexible budget? When is each used? Q9: Minnie Divers‚ the manager of the marketing department for one of the industry’s leading retail businesses‚ has been
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MBA 607 – Financial Accounting The Nature and Purpose of Accounting Accounting Purpose and Process 1 MBA 607 – Financial Accounting The Nature and Purpose of Accounting 1. The Need for Accounting Information 2. The Accounting Profession 3. Financial Statements Accounting Purpose and Process 2 MBA 607 – Financial Accounting 1. The need for Accounting Information A. Framework Stakeholders (creditors‚ shareholders‚ regulators) in an entity require quantitative information on the financial
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Statement of Purpose - MBA I‚ Suraj Sharma believe MBA is not just a degree but a platform to learn many a tips and tricks and also to generate ideas with structured thoughts to go about it. And studying for an MBA requires a certain determination and strength of character. Why I would say so? Because in recent years‚ the business world has become rapidly integrated across borders and anyone with his sights set firmly on the global platform should have an international perspective and be aware of
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