Cost‚ Volume‚ and Profit Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified relationship between cost‚ volume‚ and profit (or loss). CVP analysis is based on several factors and assumptions and uses a formula to express the relationship by equation or graphically and can be used with great effect by managers who understand the limitations of the analysis. Cost-Volume-Profit (CVP) analysis is a managerial accounting tool that expresses the simplified
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has – and still is – proving that marijuana has medicinal benefits‚ many legislators believe that the drug should remain classified as a Schedule I drug. For this paper‚ I will discuss both sides of the debate on whether marijuana should be de-scheduled and legalized‚ nationally‚ under the federal level. To evaluate the main argument‚ it is important to understand what a schedule is and why marijuana is considered a Schedule I drug. Per the D.E.A. website‚ a schedule is a classification
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by private individuals. Usually‚ we have organizations within the economy where one is profit oriented and its main business objective is to make profit from the revenue it tends to make by the end of a certain period‚ therefore‚ nothing from the extra money made will be used to develop the business‚ instead‚ the profit will go to the owner of the business‚ adding to that the owner can be giving some of the profit to its employees as a way of motivation according to Maslow’s hierarchy of needs which
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The decisions of one firm therefore influence and are influenced by the decisions of other firms. Strategic planning by oligopolists needs to take into account the likely responses of the other market participants. Description[edit] Oligopoly is a common market form where a small number of firms are in competition. As a quantitative description of oligopoly‚ the four-firm concentration ratio is often utilized. This measure expresses the market share of the four largest firms in an industry as a
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“ Is Honesty always Good” Do you think that “Honesty is the best policy”? Is being completely Honest always good? This is an old and often repeated saying‚ but it is true? Now if someone of complete honesty will not ask whether being truthful will pay or not. He feels he must be truthful‚ even if honesty brings him loss or pain‚ simply because it is right to be honest and wrong to be dishonest. Perhaps honesty does pay in the long run. A prime example can be shown through the Presidential election
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journal is available at www.emeraldinsight.com/0951-3574.htm Value‚ profit and risk: accounting and the resource-based view of the firm Steven Toms The York Management School‚ University of York‚ Heslington‚ UK Abstract Purpose – This paper aims to argue that the principal components of the Resource-Based View (RBV) as a theory of sustained competitive advantage are not a sufficient basis for a complete and consistent theory of firm behaviour. Two missing elements are value theory and accountability
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ARTICLE www.hbr.org Why Should Anyone Be Led by You? by Robert Goffee and Gareth Jones Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 Why Should Anyone Be Led by You? 10 Further Reading A list of related materials‚ with annotations to guide further exploration of the article’s ideas and applications Product 5890 Why Should Anyone Be Led by You? The Idea in Brief
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“How to Revise an Essay” When revising an essay it is alway great to take a break from your essay before you revise you paper. Remember to seek the opinion of your classmates and allow your classmates to revise your essay. A great way to check your content in your essay is to state your thesis in a sentence. Remember‚ when revising your essay that your thesis is clear. You should make sure you have enough example to support your topic. When revising your essay remember to look for changes that may
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Assignment 2 (a)Outline the main forms of 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
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Why Should Shared Leadership Be Implemented? Calling all staff nurses! Have you ever wanted a voice as a staff nurse to help make decisions in your work environment and the care you provide to your patients? Great! Just sit back and relax while you hear about a leadership style that will allow you to be part of a team that works together to collaborate in making decisions. According to Watters (2009)‚ “nursing leaders are continually seeking ways to improve the work environment in their
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