appropriate goal of a firm? Maximization of shareholder wealth is said to be the primary goal of a firm. The financial manager has the responsibility to act in their best interests. Since‚ the common stockholders are the firm’s most important stakeholders to continue operate the business. This goal means that the financial manager can best serve business owners by identifying goods and services that add value to the firm because the market place desires and values what the firm offers. Firms should make
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flexibility as defined in Atkinson’s (1984) model of the flexible firm (b) What are some of the strengths and weaknesses of the Atkinson model? ANSWER PLAN: Introduction/Background o What are the aims of flexibility o Guest (1987) de-centralisation helps to create flexibility o What are the main forms of flexibility that modern organisation need Body: 4 types of flexibility o Functional/Temporal/Numerical/Financial Body 2: Atkinson’s Model o Core group o Frist/Second peripheral
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SECURITIZATION OF NATIONAL INTERESTS In the decades following the end of the cold war‚ the field of security studies has seen new ways of thinking about international security. Dominant paradigms have been challenged by academics unsatisfied with existing concepts‚ looking to explain security in a transformed and globalized world. Primarily‚ they sought to move security studies beyond theories that recognized only military threats as challenges to State security. One leading approach to conceptualizing
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Analysis of Financial Statements After reading this chapter‚ students should be able to: Explain why ratio analysis is usually the first step in the analysis of a company’s financial statements. List the five groups of ratios‚ specify which ratios belong in each group‚ and explain what information each group gives us about the firm’s financial position. State what trend analysis is‚ and why it is important. Describe how the Du Pont chart is used‚ and how it may be modified to include
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from Financial Statements ‘The Characteristics of firms subject to adverse rulings by the Financial Reporting Review Panel’‚ Peasnell‚ Pope and Young‚ 2001‚ Accounting and Business Research‚ Vol 31‚ pp291-311. Introduction The agency responsible for enforcing accounting standards in the UK is the Financial Reporting Review Panel (FRRP). It is responsible for reviewing departures from the accounting requirements of the Companies Act and forcing remedial action when the financial
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ANALYSIS OF CHINA’S NATIONAL INTERESTS BY DR. YAN XUE-TONG 1 Acknowledgment The English version of Analysis of China’s National Interests is a result of many people’s contribution. Professor Monte Bullard deserves profound thanks. He initiated the translation project when I presented him this book at the Monterey Institute of International Studies in 1998 when he served as the Director of the East Asia Nonproliferation Project there. He raised funds for the translation and did the English
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1.Amounts debited to the Work in Process Inventory account may best be described as: Direct materials purchased‚ direct labor costs paid‚ and payments for items classified as manufacturing overhead. The cost of finished goods manufactured during the period. Total manufacturing costs charged to production. The cost of goods sold. 2.Which of the following costs would not be considered part of the manufacturing overhead of a furniture manufacturer? The cost of compliance with federal
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The Resources of the Firm These resources may be divided by 3 categories 1. Tangible resources include land‚ buildings‚ plant and machinery. Example‚ Toyota’s Tangible resources It is not different from other companies‚ such as Financial: the ability to raise funds‚ a loan and issue stock to raise capital. Technological: patents‚ trademarks and copyright and trade secrets‚ etc. Physical: such as buildings‚ machinery‚ plant‚ equipment‚ research and development as well as all raw materials
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The Dynamics of Conflict Resolution A Practioner’s Guide Bernard S. Mayer Chapter One The Nature of Conflict We all are of two minds about conflict. We say that conflict is natural‚ inevitable‚ necessary‚ and normal‚ and that the problem is not the existence of conflict but how we handle it. But we are also loath to admit that we are in the midst of conflict. Parents assure their children that the ferocious argument the parents are having is not a conflict‚ just a "discussion." Organizations
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Interest Groups Help More Than Hurt Voter turnout has declined since 1960 but participation in interest groups has been growing. Participating in interest groups allows people to take action on issues that are most important to them. Unlike some linkage institutions‚ interest groups have a very close connection to government. Interest groups are an essential part of the democratic system because they allow the public to enter the political system‚ bring up specific issues in government‚ and
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