LABOR COST VARIANCE CAN BE SPLIT INTO • Direct labor rate variance (P) Calculation: actual total labor costs - (total actual labor hours worked x budgeted labor hour rate) Interpretation: calculates the portion of labor costs variance driven by the changed labor rate per hour Possible reasons for variances: changes in staff qualification and skills‚ general increase of wages in economy‚ premiums paid to finish a job quickly‚ poor budgeting • Direct labor quantity (efficiency) variance (P) Calculation:
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1. Answer the questions for the case “integrating McDonald ’s Business‚ Human Resource‚ and Staffing Strategies" page 49‚ Chapter 2. [ 15 Marks] Questions 1: How would you describe McDonald ’s business strategy? What are the foundations of its competitive advantage? Answer: McDonald’s business strategy is a specialization strategy. The organization is built on a foundation that gives it a competitive advantage and a business strategy that is consistent‚ flexible‚ and specialized. McDonald’s
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Explain how you identify the challenges experienced by developing teams It can be said that when teams are freshly developed and emerging‚ challenges might be confronted because different people combine to develop a team. Moreover‚ challenges like communication
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what the husband was going to do. Diversity can cause society to be in a war and lead people to their death. In the story‚ “What‚ of This Goldfish‚ Would You Wish?”‚ Sergei misunderstood the situation and thought Yoni was going to steal his goldfish‚ so Sergei killed Yoni (Keret 102-103). When Sergei wished for Yoni to come back alive‚ it showed how Sergei regrets his decision due to a misunderstanding. In other words when society has misunderstandings‚ they tend to do irrational things. When society
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and controlling of the project costs. The Project Manager and Project Sponsor will review the following earned value measurements: 1. Schedule Variance (SV) 2. Cost Variance (CV) 3. Schedule Performance Index (SPI) 4. Cost Performance Index (CPI) 5. To Complete Cost Performance Index (TCPI) 6. Estimated Actual Cost at Completion (EAC) Schedule Variance (SV) is a measurement of the schedule performance for a project‚ and is calculated by subtracting the Planned Value (PV) from Earned Value (EV)
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1 Methodology: Explain how you conducted your naturalistic observation. When and where did your observation take place? How many subjects did you study (minimum 3)? How long did you observe them? In order to do a naturalistic observation‚ the researcher must observe their research subjects in their natural setting. The research must be careful as to not disturb the subjects in their natural setting‚ so they must not have interaction with the subject unless absolutely necessary. There were a total
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Lord of the Flies- How would you characterize Ralph? Cite textual evidence to support your opinion of Ralph‚ please? Have you ever jotted down notes on a character that is important? If you have‚ that is great because you will get a better understanding of the book better. If you haven’t‚ you should start now. I’m reading Lord of the Flies and the protagonist of the story is Ralph. I would characterize Ralphy by naming his character traits and what he does that is significant. Read on to find
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In numerous movies and stories you’ve seen‚ have you ever heard any of the characters say the cafeteria food has a rich‚ savory‚ and an appetizing look? Probably not. Cafeteria food lacks good quality and taste‚ and is probably one of the reasons why countless students don’t eat during lunch. Students always discuss what if they could change three things in their school’s lunch menu. They would probably have chocolate ice-cream‚ fried chicken or cake every day for lunch if they were given that option
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Task 1 - How would you define criminology? I would define Criminology as a body of knowledge that focuses on behaviour that violates the criminal law and seeks an explanation for that given behaviour‚ aimed principally at clarifying the connection between crime and the personal characteristics of the offender and/or his environment with special reference to the origin of the offence itself. The Criminologists major role is to provide a general background in the causes of crime‚ which is in itself
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Explain How Your Itunes Music Reveals Who You Are Do you ever just like to put on some music and sing along? I know I do! My choice of music is country. I’ve always liked country music. I don’t know if it’s because I live in the country or that it’s just fantastic music. All I know is that almost my whole itunes playlist consists of country music. My music definitely reveals who I am as a person. It shows who I am and how I act. Country music is the best music ever! My itunes playlist reveals who
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