Cash – Cash includes: currency and coins‚ checks‚ money orders‚ bank drafts and demand deposit accounts. Held for Trading Securities – Temporary investments of excess cash which are primarily held for short term gain. Loans and Receivables – include trade receivables and non trade receivables. Trade Receivables are claims against others which arise in the ordinary course of doing business. Examples are: Trade accounts receivable- these are claims against customers arising from the provision
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business ethics | a specialized study of the moral standards that apply to business policies‚ institutions‚ organizations‚ and behavior. | consistency requirement | the necessity of moral principles to be applied the same way to everyone in similar circumstances | ethical relativism | the theory that morality varies according to culture and/or time. | Ethics | the study of morality or the moral standards of a society or an individual. | law of agency | a law that specifies the duties of persons
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Thomas H. Davenport‚ Paul Barth and Randy Bean How ‘Big Data’ Is Different Please note that gray areas reflect artwork that has been intentionally removed. The substantive content of the article appears as originally published. REPRINT NUMBER 54104 W I N N I N G W I T H D AT A : E S S AY How ‘Big Data’ Is Different These days‚ lots of people in business are talking about “big data.” But how do the potential insights from big data differ from what managers generate from traditional analytics?
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Q1) To understand a company’s operations the following areas should be primarily researched: 1) Identify the position of the company on the Product-Process matrix: The product-process matrix is a tool for analysing the relationship between the product life cycle and the technological life cycle. A company can be characterized as occupying a particular region on the matrix. Identify where the company lies on the matrix: job shop‚ batch‚ line or continuous. In case of a company such as
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What is Business Ethics? What is Business Ethics? Business ethics is a management discipline born out of the social awareness movement of the 1960s’ that has improved society substantially. Business ethics is also the “study of ethical dilemmas‚ values‚ and decision making in the world of commerce that addresses environmental‚ social‚ and governance concerns” (Academic Info‚ n.d.). A business or organization builds integrity and trust with society by demonstrating sound business ethics
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Case Study Supporting Operations Management at Standard Bank A Case Study by Bloor Research Author : Simon Holloway Publish date : September 2010 Standard Bank‚ by using QPR software for their Six Sigma initiatives‚ were able not only to map the processes to a standard‚ but to produce measures aligned to higher level objectives‚ with targets that were realistic and achievable‚ resulting in hard savings Simon Holloway Supporting Operations Management at Standard Bank Introduction The
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Alejandro Ledezma English 5A 9-6-13 How is college English different? When we are in high school we are taught simple reading and writing skills. At most the teachers there just introduce us to those skills. We aren’t given much exposure to these skills during the school year. The skills taught to us are the basics and it’s not until we reach college that students see the difference in what is being taught. The things that were taught to me about reading and writing in high school were simply
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been used as an ingredient in various dishes for thousands of years by many cultures around the world. World onion production is steadily increasing so that onion is now the second most important horticultural crop after tomatoes. There are many different varieties of onion‚ red‚ yellow‚ white‚ and green‚ each with their own unique flavour‚ from very strong to mildly sweet. Onions have a variety of medicinal effects. Early American settlers used wild onions to treat colds‚ coughs‚ and asthma‚ and
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Chapter 01 Introduction to Operations Management True / False Questions 1. Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization’s goods or services. True False 2. Often‚ the collective success or failure of companies’ operations functions will impact the ability of a nation to compete with other nations. True False 3. Companies are either producing goods or delivering services. This means that only one of the two
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INTRODUCTION TO Operations Management 1. Operations management deals with the design and management of products‚ processes‚ services and supply chains. It considers the acquisition‚ development‚ and utilization of resources that firms need to deliver the goods and services their clients want. 2. What are the three basic functions in business organizations? 1)operation‚ or product service knowledge 2) finance 3) marketing 3. A supply chain consists of 4. What is meant by
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