more of an objective than a criterion? A. Cause-and-effect B. Benefits received C. Fairness or equity D. Ability to bear 3. Homogeneity is used to A. develop cost pools in which the costs have the same or similar cost-allocation base. B. develop cost pools of similar amounts for allocation purposes. C. develop cost pools based upon similarity of origination of costs to be allocated. D. develop cost pools only for activity-based costing. 4. Information about price discounting can be useful in analyzing
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the allocation and use of scarce economic resources such as‚ land‚ money‚ and labour. Resource allocation decisions can determine prices and wages. By the way we allocate our resources and how we use economic resources shape our world’s economy in different ways. Financial accounting‚ management accounting‚ and tax accounting are the types of accounting information most widely used in the business community. Financial accounting referrers to information that describes the financial resources‚ obligations
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Economies have to find a mechanism to allocate scarce resources because of the economic problem. The What‚ How‚ For Whom questions are central to the operation of this mechanism. To recap from the economic system lesson‚ the mechanism used by different systems: Command economy: Planning mechanism as dictated by the state Free Market economy: Price mechanism as dictated by consumer spending Mixed economy: A mixture of state planning and the market mechanism. Central to this module
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management principles to financial resources of the enterprise or organization. The scope of financial management can cut across a wide range of the organizations departments and can involve investment decisions including investment in fixed assets. Investment in current assets is also a part of investment decisions called working capital decisions. Financial management also involves making financial decisions. These relate to the raising of finance from various resources which will depend upon decision
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ORGANIZATIONAL RESOURCES‚ INDUSTRY MEMBERSHIP‚ AND FIRM PERFORMANCE: THE ROLE OF CAPABILITY FORMATION AND USE IN VALUE CREATION FOR IPO-STAGE NEW VENTURES A Dissertation by TIMOTHY R. HOLCOMB Submitted to the Office of Graduate Studies of Texas A&M University in partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY August 2007 Major Subject: Management ORGANIZATIONAL RESOURCES‚ INDUSTRY MEMBERSHIP‚ AND FIRM PERFORMANCE: THE ROLE OF CAPABILITY FORMATION AND USE IN VALUE
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monitor‚ spokesman and a disseminator as he maintains personal contacts with others and by sharing stuff with them. (b) Vincent has approached towards Decisional role as he worked as a disturbance handler while gathering solutions for the problem and resource allocator while dividing the work in specialized groups and giving them tasks according to their nature of job. (c) Vincent played interpersonal role here as he worked as a figurehead while gathering everyone on same platform and then as
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forecasts in terms of products‚ markets and the application of resources. It requires managers to plan. It needs operational and financial resources information for decision making. More importantly‚ it sets a benchmark that can be used for subsequent performance measurement. Annual budget planning is conducted every year. When time passes‚ managers treat it as a regular practice and may fall into the habit of repeating a similar budget allocation and adjusting the figures slightly merely to account for
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Consultant model Alternatives Recommanda tions/Limits Goals - Find the optimal solution for Therachem‚ taking into account strategic dimensions on the hiring rythm Methodology - Optimize number of reps and the allocation of reps between products -Resource Allocation analysis of the zero growth model‚ the Smythe model and the consultant model - Creation of alternative models Assessement - Smythe model is not optimal - The consultant recommandation may be optimal it shows some
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Economics is the study of social behavior guiding in the allocation of scarce resources to meet the unlimited needs and desires of the individual members of a given society. Economics seeks to understand how those individuals interact within the social structure to address key questions about the production and exchange of goods and services. First‚ how are individual needs and desires communicated such that the correct mix of goods and services become available? Second‚ how does a society provide
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includes projects to be undertaken‚ actions‚ resource policies‚ responsibilities and timeframes. It outlines the actions teams/individuals within an organisation will take to achieve its objectives and also outlines any major projects within the relative time period. An operational plan will contain details of: • Organisational structure • Short- or medium-term business strategies • Major projects • Available resources (including human and physical resources‚ also financial) • Performance targets
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