Cost Definition: A actual amount that has to be paid or given up in order to get some thing. In business cost is usually a monitory valuation of * Effort * Material * Resources * Time * Utilities consumed * Risk incurred * Opportunity foregone in a product. * Delivery of goods or services. * All expenses and cost Classification of cost Purpose of classification | classification | Preparing External Financial statements | Product classification (Inventoriable)
Premium Costs Variable cost Cost
Experiment 2 Behavior of Gases PURPOSE This experiment has two parts. The purpose of part A of the experiment is to determine the atomic mass of a metallic element whereas the purpose of part B of the experiment is to determine the rate of diffusion of both gases hydrogen chloride and ammonia by measuring the distances travelled by the two gases in the same time period. For part A the reaction of the metal with the aqueous acid is as follows: M(s) + n H3O+ -----> M+n(aq) + n/2 H2(g) +
Premium Hydrogen Chlorine Oxygen
supplies for production. More sophisticated system such as flight and hotel reservation system. e-Commerce breaks into two components: Online Shopping - the scope of information and activities that provides the customer with the information they need to conduct business with you and make an informed buying decision. Online Purchasing - the technology infrastructure for the exchange of data and the purchase of a product over the Internet. Online purchasing is a metaphor used in business-to-business
Premium Electronic commerce
phrase ‘what gets measured gets done.’ Defining and measuring effectiveness – especially the performance of workers – is a critical part of your job as a manager. The question is: How do you define the skills‚ behaviors‚ and attitudes that workers need to perform their roles effectively? How do you know they’re qualified for the job? In other words‚ how do you know what to measure? Some people think formal education is a reliable measure. Others believe more in on-the-job training‚ and years of experience
Premium Skill Behavior Human resource management
Shaping behavior is an aspect of behavior analysis that gradually teaches new behavior through the use of reinforcement until the target behavior is achieved (Wolfgang 272). In order for shaping to be successful‚ it is important to clearly define the behavioral objective and the target behavior. Also‚ in order to gradually achieve the target behavior‚ a teacher must know when to deliver or withhold reinforcement (Wolfgang 37). Many behaviors are taught by shaping‚ and it is used in many different
Premium Reinforcement
Assignment 3 Chapter 7‚ critical thinking question nº 6: Suppose that you were put in charge of a virtual team where each member is located in different cities around the country or region. What tactics could you use to build and maintain team trust‚ as well as minimize the decline in trust that often occurs in teams? Virtual teams are a consequence of the extraordinary evolution on the information technologies and also of the increase in the knowledge-based work methods. Due to the globalization
Free Communication Message Critical thinking
KAZIAN GLOBAL SCHOOL OF BUSINESS MANAGEMENT MARKS: 80 COURSE: EMBA Sem-I SUBJECT: Organizational Behavior N.B: 1} Attempt all the questions Name: Kumar Madhava Arun Reference Number: KB-00613-10167 ____________________________________________________________________________ Case 1 (Marks 20) Difficult Transitions Tony Stark had just finished his first week at Reece Enterprises and decided to drive upstate to a small lakefront lodge for some fishing and relaxation. Tony had worked
Premium
* For both organizations sampled in your investigation‚ compare and contrast Electrolux and LG Electronics Inc. different organizational structures and culture. (1.1) 1. Definitions and type of organization structures * Definition * Type of organization structure * Advantages and disadvantages of different organizational structures 2. Definition and type of culture * Definition * Development of culture? * Characteristics of different organizational cultures 3
Premium Organization Organizational structure UCI race classifications
Q1: Insurance companies in the state of Florida earned record profits in 2006‚ suggesting that Nationwide’s decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-2007 may have cost the company potential revenue and customer goodwill. Do you think Rommel’s quote about making a ’’sound business decision’’ reveals any perceptual or decision-making biases? Why or why not? Ans : Overconfidence bias is identified as ’’the tendency to overestimate the probability that
Premium Risk Decision making Cognition
18/03/2013 18/03/2013 Affix Date Stamp Here Affix Date Stamp Here EASSAY ON USING ETHICAL DECISION MAKING APPROACHES. INTRODUCTION: Research has shown that while competitive advantage is also driven by exceptional resource management (Mannings 2011‚ 243) Ethical conduct is an important factor in sustained superior financial performance (Aspema‚ 2013). Making an un ethical decision can lead to a major issue for managers and potential for substantial
Premium Coal Coal mining Ethics