Structure Setting and Adjustment | Definition | A pay structure is a collection of pay rates or pay ranges.Structure setting and adjustment is the process of developing‚ adjusting‚ and maintaining a pay structure. | Purpose | Pay structures are used to help organizations: * maintain pay levels that are competitive with the external labor market‚ * maintain internal pay relationships among jobs‚ * recognize and reward differences in level of responsibility‚ skill‚ and performance‚ and
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’’They sold my sister’’’ Dear Tumuka I hope you’re doing well and that work isn’t too hard. As you already know farther sold Nyamalo to Ole Sirayo. Farther said that it was out of our hands‚ because he ’’owned’’ her and he fells that it is just a tradition. Now Nyamalo has to live the rest of her life with a man she does not love‚ and quite frankly she feels disgust towards him. Now‚ a few days ago i heard farhter talk to Ole Timau. They discussed a few different things‚ but at last Ole
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everybody can relate to. Both literary pieces “Sold” and “Fast Car” relate to each other by the basic needs and desires of individual. Although both pieces of literature have different settings and backgrounds‚ the characters not only go through tough situations‚ but also long for the same things. In the song “Fast Car” ‚by Tracy Chapman‚ a girl is living with her drunken dad‚ but dreams to have a better future with her “boyfriend”. Unlike in “Sold” the girl had a choice of living a better life
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Q: Is depreciation expense or depreciation cost is fixed cost or variable cost in nature? Fixed costs: Fixed costs are such costs that do not change with the change in activity level within the relevant range. Where relevant range can be defined in terms of time or activity level. Variable costs: Variable costs are such costs that change with the change in activity level . Coming to the question‚ depreciation expense or depreciation cost can either be fixed or variable and this depends on the
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Cost Management or Cost Control In broad sense‚ both the terms have the same meaning. Yet cost management seems to connote broader perspective. Cost control to an un-initiated may mean cutting down the incurrence of cost or expenditure every time or in every situation. In reality it is not always so. In many specific situations‚ many times‚ one has to spend or incur cost in order to gain or make more money. It is in fact like an investment. Cost management sounds better then. Profits Making
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BOOK REVIEW The Monk Who Sold His Ferrari. Group-10 About the Author Robin S. Sharma Robin Sharma is one of the world’s premier thinkers on leadership‚ personal growth and life management. He was born in Nepal in 1965. The bestselling author of The Monk Who Sold His Ferrari. Robin Sharma is in constant demand internationally as keynote speaker at the conferences of many of the most powerful companies
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Cost Control and Cost Reduction A business enterprise must survive‚ grow‚ and prosper. Cost Control and Cost Reduction are activities necessary for ensuring that these objectives are fulfilled. With the liberalization of the Indian Economy and Globalization‚ there is now a cut throat competition from various concerns of the world. As a result there is now a race to secure a place for survival. This has increased the importance of cost control and Cost Reduction. Cost Control “Cost control
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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Inexperience and incompetent management are the main reasons for failure. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 8. Good entrepreneurs seek feedback from others. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31 9. A good trait for an entrepreneur is to be a calculated risk taker. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 31 10. Most
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COST CONCEPTS AND COST ACCOUNTING By: Aman Jawahar Sarika Deepak Muneer CONTENTS Concept of Cost Cost Accounting Terms in Cost Accounting Elements of Cost Meaning of Overheads Classification of Costs Methods of Costing Types of Costing MEANING: Cost Concept: The term ‘cost’ means the amount of expenses [actual or notional] incurred on or attributable to specified thing or activity. Cost means ‘the price paid for something’. Cost Accounting: Cost Accounting is concerned with recording
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