business and how the new equipment will help the business to function and the cost of the product will determine what the managers of the business decides. Marginal costs are change in total costs divided by change in output. Marginal revenue is the change in total revenue divided by change in output. Increase in fixed costs means that when the fixed costs cannot be changed it is the short run and when the fixed costs change it is the long run. The second questions that I chose to answer was
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INTRODUCTION Cost accounting is an important tool in the management of any business firm or organization‚ which includes those in the small scaled industry. In the cause of our research instrument indicated the maintenance of improper and inadequate records coupled with the fact that cost methods used‚ through sometimes effective‚ were unconventional. For a small scale business to approach profit maximization level‚ it must be effective in cost control procedures and appropriate books
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reasons why our health is so expensive. Administrative Costs The number one reason our healthcare costs are so high‚ says Harvard economist David Cutler‚ is that “the administrative costs of running our healthcare system are astronomical. About one quarter of healthcare cost is associated with administration‚ which is far higher than in any other
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challenging task to improve product quality and service quality.Quality is the cornerstone of survival for a company. The history of numerous successful companies show that quality is also the dominant factor‚ especially for the Japanese company. To combat with the competition of North American’s company‚ quality become the most effective weapon for them to gain a remarkable market place in global. More and more companies are finding it necessary to to achieve high quality‚ and consider it a major strategy
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debate today is whether or not college should be free. In my opinion‚ postsecondary education should not be free‚ but the cost of tuition should be significantly reduced. Tuition costs should be reduced for a number of reasons. First‚ college is a very critical time for students to learn - not only about their future careers but about themselves too. Because the costs of college is so expensive‚ many people cannot attend the school of their choice. Doing this can impact their social development
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Unemployment What is unemployment cost ? Unemployment is well as something bad ‚ most economist agree that high levels of unemployment are costly not only to a person directly affected but also as the economy as a whole. Some economist are convincing themselves that there is a certain level of unemployment that we can not erased. Elevated unemployment imposes significant cost on someone‚ the society and the county. The cost of unemployment to the individual is not something
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Quality Assurance Quality assurance is based on setting agreed quality standards at all stages in the production of a good or service in order to ensure that customers’ satisfaction is achieved. It does not just focus on the finished product. This approach often involves self-checking by workers of their own output against these agreed quality standards. The key differences between the two methods are that‚ quality assurance: a. puts much more emphasis on prevention of poor quality by designing
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Costs of Incarceration Introduction to Corrections Incarceration Costs Money is a huge issue with problems in America and in America the costs for corrections is going up every year. Some may argue that this is because of more people getting in trouble‚ jails are too full‚ or others may argue that the programs are not working to cut down recidivism rates. Regardless of what argument one makes this research paper shows results on how worth a program is based on money and recidivism
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In respect to quality of materials‚ there are three well known philosophers whom are most referenced: W. Edwards Deming‚ Philip B. Crosby‚ and Joseph M. Juran. Throughout the twentieth century‚ these three men have continuously integrated new systems for improvement in the quality system. The first and probably most well known of these philosophers is W. Edwards Deming. Deming first came into the public eye when he was credited with assisting the Japanese after World War II and helping to elevate
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Samantha Mackey 13. 2nd hour PHYSICS LAB REPORT: SPEED OF SOUND Purpose: In this lab‚ we will be doing 3 major things: 1) Collecting and organizing data to obtain resonant points in a closed pipe‚ 2) measure the length of a closed-pipe resonator‚ and 3) analyze the data to determine the speed of sound. Procedure: 1. Fill the graduated cylinder nearly to the top with water‚ with a tall glass tube open at both ends (the water level with act as the closed end). 2. Determine
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