performance evaluation. L.O.2 Develop and use flexible budgets. L.O.3 Compute and interpret the sales activity variance. L.O.4 Prepare and use a profit variance analysis. L.O.5 Compute and use variable cost variances. L.O.6 Compute and use fixed cost variances. L.O.7 (Appendix) Understand how to record costs in a standard costing system. For the second month in a row, profits at our Bayou Division are down and I don’t know why. We budgeted $190,000 in profit for August, but the actual result was only $114
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C) Country D) All of the above Answer: D Level: Easy LO: 1 4. The factor used to convert from one country's currency to another country's currency is called the: A) Interest rate. B) Cost of capital. C) Exchange rate. D) Strike price. Answer: C Level: Easy LO: 2 5. What is the term used to describe the possibility that a foreign currency will decrease in US $ value over the life of an asset
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Strategies for Managing Surplus funds * Keith v Smith says the financial manager can consider a series of seven strategies for handling the excess cash balance with the firm: * 1. Do nothing : the financial manager simply allows surplus liquidity to accumulate in the current account. * This strategy enhances liquidity at the expense of profits that could be earned from investing in surplus funds. * 2. Make an adhoc investment: the FM makes investments in some what adhoc manner
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SUSTAINABLE COMMUNICATION Véronique Ferrouillat – Sustainable Communication - 2010 Content Introduction 1. To whom communicate? 2. Why? 3. How? – A – Communicating on SD Communication toolbox per audience – B – Communicating sustainably Véronique Ferrouillat - Sustainable communication – December- 2010 What is sustainable development? Its definition of sustainable development "development which meets the needs of the present without compromising the ability of future generations
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ensure the application of discipline and morality not only personally but also profesionally. In the world of business, the decency of businessmen is constantly questioned as a result of worldwide scandals that have highlighted the lack of ethical standards and the breach of codes of conducts in numerous corporations. Specifically, accountants are often accused of poor financial management and fraud. Among the different cases of accounting malpractice, the Waste Management Inc. hoax is one of the most
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Question 2 (a) Describe and compare two decision-making model that are likely to be most commonly used by managers in a high pressure, rapidly changing environment. Explain why these two models are most relevant in such an environment? Answer: Classical Model and Administrative Model The Classical model based on rational and logical assumptions. It operates to accomplish established goals and defines problems. The manager strives for full informations and evaluates alternatives to maximize
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gathered from this informational exchange between upper management and Information Technology teams along with the sales teams input proved to be invaluable towards creating a list of key requirements. The main points discussed were of course the cost which is always of most concern to any organization. Next was how to reach potential clients, creating a more effective business relationship with all of
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form the group, Professionals Against Machine Scoring of Student Essays in High-Stakes Assessment; they are concerned educators will reduce writing standards to conform to software constraints. Laudon & Laudon further discuss the probability of lost jobs due to computers taking the place of hired graders, and although this is an educational cost reduction for education, it conveys the potential of increasing unemployment. The e-Rater can score 16,000 essays in 20 seconds, whereas that is impossible
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monetary compensation. It is not only complex, but significant both to the organisation and employees. Employee compensation decisions are crucial for the success of an organisation. From a cost perspective alone, effective management of employee compensation is critical because of the total operating costs. Another reason for studying compensation from the organisation’s perspective is to assess its impact on a wide range of employee attitudes and behaviours and, ultimately the effectiveness
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An Assignment On Managing Risk in Business Table of Contents 1. Introduction: 3 1.1 Theoretical Review: 3 2. Relationship between Financial and Risk Management: 4 2.1 Role of Risk Management 4 2.2 Importance of Measuring Risk: 5 3. Types of risks faced by the college: 6 4. Responsibilities for Management of Risk: 7 5. Strategies and Objectives for Risk Management: 8 6. Support of effective risk management: 11 7. Conclusion: 13 8. References: 14 1. Introduction: In
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