SAMPLING Sampling is the act‚ process‚ or technique of selecting a suitable sample‚ or a representative part of a population for the purpose of determining parameters or characteristics of the whole population. REASONS FOR SAMPLING There are six main reasons for sampling instead of doing a census. These are; * Economy * Timeliness * The large size of many populations * Inaccessibility of some of the population * Destructiveness of the observation * Accuracy or Reliability
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The Cost of Turnover Putting a Price on the Learning Curve by Timothy R. Hinkin and J.BruceTracey Employee turnover does more than reduce service quality and damage employee moraleit hits a hotels pocketbook. E mployee turnover has long been a concern of the hospitality industry‚ and therefore of researchers who examine industry human-resources concerns. One stream of research that arose in the past 20 years was an effort to quantify the cost of employee turnover. Although most managers
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manufacturer produces 1‚000 basketballs each day‚ which it sells to customers for $30 each. All costs associated with production and sales total $10‚000; however‚ if the manufacturer were to produce one additional basketball per day‚ total costs would increase to $10‚100. From these amounts‚ we can tell that a. the firm has negative profit. b. marginal cost equals $100. c. marginal cost equals $150. d. marginal cost equals marginal revenue. 2. A retailer has to pay $9 per hour to hire 13 workers
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Agency Costs of Free Cash Flow‚ Corporate Finance‚ and Takeovers Michael C. Jensen Harvard Business School MJensen@hbs.edu Abstract The interests and incentives of managers and shareholders conflict over such issues as the optimal size of the firm and the payment of cash to shareholders. These conflicts are especially severe in firms with large free cash flows—more cash than profitable investment opportunities. The theory developed here explains 1) the benefits of debt in reducing agency
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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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Cost Accounting Fundamentals Introduction to Cost Accounting Cost accounting is an internal reporting system for an organisation’s own management for decision making. It is the process of accounting for costs. It includes the accounting procedures relating to recording of all incomes and expenditures and the preparation of periodical statements and reports with the object of ascertaining and controlling costs. It is thus the formal mechanism by means of which cost of products or services are
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Interview Techniques Task 1 Task 1- In the form of a written report or oral presentation. 1.1 Describe (P1) the reasons why a media professional may be required to carry out an interview? Consider the following when writing your answer and provide examples to support the points you make. (500 words max written) Purposes of interview: research; enhancement of audience understanding; presenting information; interpretive e.g. expressing or justifying opinion‚ accountability; emotional e.g. allowing
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TECHNIQUES VIBRATO G Tıons D vıBra HOW VIBRATO CAN SHAKE UP YOUR MUSIC By Jon Chappell V D RU M M O N D : L I S A TA N N ER ibrato is one of the most expressive techniques a musician can use. Playing notes loudly and softly or varying the tempo may create a sense of drama‚ but if you really want to make a long note shimmer—and send shivers down the spines of your listeners—just the right bit of vibrato can steal the show. The term vibrato comes from the Italian word for “vibrate‚” but
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equipments are maintained. These often tell more than any financial statement. They are closely linked to the flow of activities‚ employees’ morale‚ product quality and inventory level. An organization with good housekeeping practices is able to control costs‚ foster greater safety‚ enhance customer satisfaction and reduce staff turnover. 2.0 Basics of 5S 2.1 What is 5S? Good housekeeping contributes to productivity improvement and the methodology for good housekeeping is the concept popularly
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Kaplan and David Norton. It is a management system that enables an organization to set‚ track‚ and achieve its main business strategies and objectives. After the business strategies are developed‚ they are deployed and tracked through the Four Legs of the Balanced Scorecard. These four legs comprise four distinct business perspectives: The Customer Leg‚ the Financial Leg‚ the Internal Business Process Leg‚ and the Knowledge‚ Education‚ and Growth Leg. These four legs of the Balanced Scorecard are necessary
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