ACCT 4022 – Advanced Accounting Notes Chapter 1: Intercorporate Acquisitions and Investments in Other Entities The Development of Complex Business Structures By expanding into new markets or acquiring other companies already in those markets‚ companies can develop new earnings potential and those in cyclical industries can add greater stability to earnings through diversification. A subsidiary is a corporation that is controlled by another corporation‚ referred to as a parent company. Control
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STUDY OUTLINE FOR CHAPTER 1 INTRODUCTION TO Operations Management 1. Operations management is: The management of systems or processes that create goods and/or provide services 2. What are the three basic functions in business organizations? 1)Marketing 2)Operations 3) Finance 2. A supply chain consists of A sequence of activities and organizations involved in producing and delivering a good or service 4. What is meant by the term value-added? The amount by which the price or value
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Ch1: The Fundamentals of Managerial Economics * Managerial Economics is the application of microeconomic theory to business decision-making. Revenue‚ costs‚ and profits * Revenue(TR=total revenue) is gross inflow of money to firm from producing and selling a good * Costs = 2 kinds of production costs 1. Explicit costs: all costs requiring the firm to pay money to someone (out of pocket costs) 2. Implicit costs: the opportunity costs to the firm of using inputs it owns(land
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AN INTRODUCTION TO BUSINESS ETHICS CHAPTER ONE: WHY STUDY ETHICS? THIS CHAPTER SEEKS TO Identify reasons why the study of ethics is important Explain the nature and meaning of business ethics Explain the difference between ethical values and other values Clarify the difference between ethics and the law Describe the distinction between ethics and ethos Introduce the distinction between personal morality‚ virtues and social ethics 1-2 McGraw-Hill/Irwin Copyright © 2011 by
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emphasized the ________ aspects of management. A) ethical B) people C) technical D) human E) global Answer: C Explanation: C) Until the late 1980s‚ business school curricula emphasized the technical aspects of management‚ focusing on economics‚ accounting‚ finance‚ and quantitative techniques. Course work in human behavior and people skills received relatively less attention. Over the past three decades‚ however‚ business faculty have come to realize the role that understanding human behavior plays
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Stat 3022: Midterm Exam 1 March 5 (Tuesday)‚ 2013 • Name: • ID number: • This exam must be your own work entirely. You can not talk to or share information with anybody. You are not allowed to share materials‚ and calculators. • Cell phone must be turned off. • You have 50 minutes to complete the exam. 1 Problem 1 (21 points total‚ 3 points each) Choose one of the listed choices for each question (no explanation is needed)‚ put your answers in the table on page 4. 1. Suppose you have a sample
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Sauyo High School 2nd Laguna St.‚ NIA Village‚ Sauyo‚ Quezon City February 18‚ 2015 ____________ ____________ ____________ Dear Sir/Madame: Greetings of Peace! Supreme Student Government (SSG) of Sauyo High School is once again planning our annual school opening preparation called “BRIGADA SKWELA” for the school year 2015-2016. It’s an activity of cooperative effort among stakeholders‚ parents‚ students‚ teachers‚ government‚ and non-government organizations for an opening
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|realization| ANS: D 2. The going concern assumption: a.|is applicable to all financial statements| b.|primarily involves periodic income measurement| c.|allows for the statements to be prepared under generally accepted accounting principles| d.|requires that accounting procedures be the same from period to period| e.|none of the answers are correct| ANS: C 3. Understating assets and revenues is justified based on: a.|realization assumption| b.|matching| c.|consistency| d.|realization|
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A budget according to Drury (2008) can be defined as a financial plan for implementing the various decisions that management has made or a quantitative expression of planned activities. In addition‚ a budget is an estimate of costs‚ revenues‚ and resources over a specified period‚ reflecting a reading of future financial conditions and goals. It an organization‚ it is one of the most important administrative tools‚ as it serves as a plan of action for achieving quantified objectives and is a device
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CHAPTER ONE PAST‚ PRESENT‚ AND FUTURE Multiple Choice 1. E-marketing affects traditional marketing in which of the following ways? a. increases efficiency of traditional marketing functions b. technologically transforms marketing strategies c. marginalizes customer value but increases profitability d. both A and B (d; Moderate; LO2; Use of Information Technology) 2. ________ is the subset of e-business focused on transactions that include buying/selling‚ digital value creation
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