...Cite all resources consistent with APA guidelines. |Term |Definition |Resource you used | |Time value of money |The idea that money available at the present time is worth more |Time value of money TVM. (2014). Retrieved | | |than the same amount in the future due to its potential earning |from | | |capacity. This core principle of finance holds that, provided |http://www.investopedia.com/terms/t/timevalueo| | |money can earn interest, any amount of money is worth more the |fmoney.asp | | |sooner it is received. | | |Efficient market |An efficient market is a market in which all the available |Titman, S., Keown, A., & Martin, J. (2014). | | |information is fully incorporated |getting started principals of finance. | | |into securities prices, and the returns investors will earn on |Finanical Managment, principles and | | |their investments cannot be predicted. |appliations (12 ed., p. 210). New Jersey: | | ...
Words: 1017 - Pages: 5
...will be necessary if Kudler decides to pursue this business path. The report should identify those business processes at Kudler that could be affected by this decision and explain how they would be affected. It should describe how Kudler’s supply chain would be affected by this decision and finally, it should describe the quality control tools and performance standards that Kudler would need to put in place to ensure the effectiveness of its operations. Business Process It is useful to categorize processes to describe how a process is designed. By being able to quickly categorize a process, we can show the similarities and differences between processes. Make-to-order – this process is activated only in response to an actual order. Inventory (both work-in-process and finished goods) is kept to a minimum. Make-to-stock – this is a highly efficient process that produces standard products that can be delivered quickly to the customer. Hybrid – this process combines the features of both make-to-order and make-to-stock (Chase, Jacobs, Aquilano, 2005). Inventory Control Each of Kudler’s individual stores is responsible for placing their own supply orders. It is also the responsibility of the ordering manager to verify the orders for accuracy. Finally, once the orders have been placed and received, it is the responsibility of the manager to forward the shipping receipts to the accounting department for payment. It is the sole discretion of the store...
Words: 1349 - Pages: 6
...Operations Management 4BIM502 Assignment No. 1 Abdurahman Haji 12159352 Adam Al-Ghariyani 10594805 Word Count: 2650 Question 1). The post-construction issues that have come to surface regarding the Northstar HyperMall within the last three months are varied yet linked. These issues are of such importance in relation to the reliability – (According to Hollins and Shinkins, 2006 ) “The most important aspect of any product or service...something performing to specification” that they became the focal point of the General Manager’s (GM) area of concern. These problematic reports have dealt a destabilising blow to the future of the newly constructed Mall by Northstar, forcing the management to ensure that measures are taken both to identify and devise a solution in order to rectify the situation, ultimately restoring efficiency and thus heightening the chances of a success. Issues with relation to Customer Service are of great value, as this is where the interaction between the customer, the staff and all other products and services encompassed within the Northstar Mall facility take place. However, validity of the feedback/suggestions and general comments/complaints must be assured in order to gain a non-bias and factual foundation on which to view options to proceed. In the world business, on multiple planes, the quality of the service provided to the potential customer is paramount, as this service is what, when placed in conjunction amongst other variable factors...
Words: 2985 - Pages: 12
...MANAGMENT ACCOUNTING Launchbreak LTD 1. Be able to analyse cost information within a business 1.1 classify different types of cost 1.2 use different costing methods 1.3 calculate costs using appropriate techniques 1.4 analyse cost data using appropriate techniques 2. Be able to propose methods to reduce costs and enhance value within a business 2.1 prepare and analyse routine cost reports 2.2 use performance indicators to identify potential improvements 2.3 suggest improvements to reduce costs, enhance value and quality 3. Be able to prepare forecasts budgets for a business 3.1 explain the purpose and nature of the budgeting process 3.2 select appropriate budgeting methods for the organisation and its needs 3.3 prepare budgets according to the chosen budgeting method 3.4 prepare a cash budget 4. Be able to monitor performance against budgets within a business 4.1 calculate variances, identify possible causes and recommend corrective action 4.2 prepare an operating statement reconciling budgeted and actual results 4.3 report findings to management in accordance with identified responsibility centres COMPANY BACKGROUND Launchbreak LTD is a small manufacturing company that makes cakes, which are sold to supermarkets and grocery stores. You work as an accounts manager at Launchbreak LTD, reporting to the general manager. 1.1(a) Managment accounting is one kind of accounting which is designated to provide business leaders...
Words: 2183 - Pages: 9
...Performance, Change, “a growing number of companies are launching inititives so that employees can balance their family and work life. The most common inititives are redesigning work, alternative work arrangements, leaves, time-saving assistance, emotional well-being, financial assistance, legal assistance, relocation, health benefits, wellness, parenting, childcare, child develepment, exceptional care giving services, and handling family issues in the office.” In order to preserve respected, qualified, and experienced teachers, incentive programs for educators need to be improved. The school district I will be discussing has 18 schools. According to Connecting Business to the Future website, the school district “is one of the newest school districts in their state. In 2008, it was surveyed to have more than 15,500 and 2000 staff members.” The school district is the 2nd largest employer in their county. I interviewed two high school teachers, and one principal from the school district. They all agreed there is a large turn over with teachers and one way to fix the issue is with competitive employee incentives. According to The Community Toolbox website, “Incentive programs are valuable because they increase morale incentives and enable you to keep good help and attract more. It's pretty simple - incentives give the best people in the organization reasons to stay.” Employee incentives are the key to keep the best teachers teaching. The...
Words: 1127 - Pages: 5
...Process Managment Description Process Management includes a myriad of activities: insuring that a product or service is of high quality, choosing the appropriate design and technology for producing a good or service, planning and controlling the flow of materials or customers so that lead times are minimized, and distributing finished goods or services. Relevant decisions range from how much material to order for making a product, to determining how much capacity is needed to provide a good level of service, to evaluating which technology will best meet a company's needs. In short, this course focuses primarily on developing and applying tools and techniques to ensure that the right products and resources are at the right place at the right time so as to maximize profit within a business process or supply chain. The “products” could be either goods, services, or both; and the “resources” could be either material, people, money, information, or any combination of the four. In the first part of this course, we will focus on process design and improvement issues by studying the relationships between key process parameters such as capacity and throughput, and by analyzing processes in order to identify and eliminate bottlenecks. And, in the second part of the course, we will focus on process coordination issues by studying methods for the efficient planning and controlling of critical resources. Specific objectives are: • To describe an operating system or a business process...
Words: 543 - Pages: 3
...look at whatyou got in your GCSE's or A levels They would look at other skills like wether you were a good leader or good at working a team these are inportant in the workplace because you need to be able to work with your peers without getting into arguments Another skill that you would need in a work place is organisation this is seen as very inportant to an employers because it good for getting work in for dead lines and not loosing work Planing Employers like it when some one is good at planning becuase it means you are organized and can get somthing done when you are good at planning you can get somthing done in an efficient Communication communication is useful in the workplace so theat you can get a message across clearly when communication doesnt work things can be heard wrong and done wrong when it is effective then people can hear what they are suposed to do so they have no excuse to do thing wrong you also need good verbal communication so you can right a report How to Plan it useful to know how to plan when you are in a work place its useful to establish goal,keep track of what you are doing and have a clear stratergy to get the job done and keep to deadline Time Managment its also good when planning to have good time mangment which involves pacing yourself working at a certain speed and making sure you have things finished at the right time Personal Attributes Age Age can...
Words: 611 - Pages: 3
...many reasons such as keeping a company open, helping the owner continuing to please his or her customers, and helping one another maintain a job. First, i think keeping a company open especially if its a good buisness is beneficial for not only the managment but the community as well. If the place is going well other than the low pay rates it is in the best of intrest to keep it going until there is a better time for a solution. A good tasting food place will make the community a better place as well because it could be very welcoming. Secound, helping an owner keep his or her buisness open is always a good act of kindness. Maybe the person is living off of his or her buisness as well as you as a server is living off of tips. If you think about it without them you may be lower in your life without this person or there buisness. Even if the pay is low something is better than nothing in my opinion. Like the waffle manager staed if the wage was raised the price of everything would have to be raised as well....
Words: 442 - Pages: 2
...organization Study question 1 what are the challenges of working in the new economy > intellcutual capital people are the ultimate foundations of orgzanitional performances intellcutual capital is the collective brain power or shared knowledge of a workforce that can be used to create value A knowledge worker adds to Globalization . National boundaries of world business have largely dissappeared . globalizations is the worldwide interdependence of resource flows,product markets and business competition that characterisitv that characterize the new company Technology . Continuing transformation of the modern workplace throughout > the internet (having social network websites to market product) > worldwide web (exchange of stocks) > computers > information technology .Increasing demand for the knowledge workers with the skills to fully utilize technology Diversity: >workforce diversity reflects differences with respect to gender , age, race, ethnicity, religion,sexual orientation, and able-bodiedness be able to respect each others religion(like as a manager if your employee is muslim you have to be more open about religion like such > be able to treat everyone > A diverse and multicultural work force both challenges and offers opportunities to employers. Should be able to communicate with people around like learning a language Ethics > code of moral principles...
Words: 1227 - Pages: 5
...of creating and leading a culturally diverse organization. These areas may help to identify areas where a competitive advantage may be available in the organization. In such a culturally diverse world and as the organization makes decisions that will impact them globally, these discussions are vital for the success of the company. Whether not decisions are made to implement or not to implement decisions based on diversity within the organization, these ideas, may identify some of the organizations strengths and weaknesses. (Cox & Blake, 1991) Through this evaluation, the organization may identify the competitive advantages that are available through cultural diversity in the workplace. Competitive Advantages through Diversity: Good leadership and management is required to create competitive advantages in the following areas. If this is done the company will save...
Words: 1255 - Pages: 6
...of creating and leading a culturally diverse organization. These areas may help to identify areas where a competitive advantage may be available in the organization. In such a culturally diverse world and as the organization makes decisions that will impact them globally, these discussions are vital for the success of the company. Whether not decisions are made to implement or not to implement decisions based on diversity within the organization, these ideas, may identify some of the organizations strengths and weaknesses. (Cox & Blake, 1991) Through this evaluation, the organization may identify the competitive advantages that are available through cultural diversity in the workplace. Competitive Advantages through Diversity: Good leadership and management is required to create competitive advantages in the following areas. If this is done the company will save money, will increase production and...
Words: 1249 - Pages: 5
...Exporting- selling products to another country Contract manufacturing- foreign company produces private label goods to which a domestic company then attaches its own brand name or trademark. Integrity based ethics code- define the organizations guiding alues, create an environment taht supports ethically sound behavoir Corporate social initiaves - enhanced forms of corporate philanthropy directly related to the company's competencies. Insider trading- uses private company infomation to further insers own fortuenes or those of their family and friends. Unified system- this happes after managers have decided a course of action now they need to organize the fimr to accomplish their goals. Middle management- this includes gernal managers, division managers, and branch and plant managers. B. Discuss the organizationl structure of the business relative to these five functinal areas: Marketing - The different forms of marketig, sales, and adverting for Gap are television, radio, credit card discounts, mail, and email. Gap spends a certain amount of money on advertising everymonth, and if they do not feel as though they are getting the response they hoped for they will pull the plug on that idea and go the next. Gap has commercials on television and radio, they are actully pretty catchy. Males and females from birth to 65 is their target market(gapincccom). I think they do a good job. Human resources - Gaps human resources department is functional it is head up by Eva Sage-Gavin...
Words: 1651 - Pages: 7
...Discussion Questions Discussion Questions How do you define working capital? What may happen if an organization neglected to manage its working capital? What techniques do you recommend for your organization? Why? * * The equation for working capital is assets minus liabilities. Anything below 1 indicates negative working capital. If a company neglects maintaining their working capital, they run the risk of being in debt or even going bankrupt. Some techniques organizations due to ensure they have a good amount of working capital is ensuring they are paid on time (accounts receivable). In addition, it is also important they are paying their creditors on time. Last, it is important to invest any excess cash to maximize profitability. * What is capital planning? Why is the internal rate of return important to an organization? Why is net present value important to a project? How do you select from multiple projects presented to your organization? * * Capital planning is the process of planning for the future or replacing equipment. When capital planning, it is important to take the value of money into consideration. Thus, will the product or equipment have a higher return? In addition, will the product or the project retain its value in the foreseeable future? Another reason why the internal rate of return is important, is because it tells the organization if the risk of the investment. Net present value is taken into consideration when investing because...
Words: 491 - Pages: 2
...There are four functions of managment which are planning, organizing, leading and controlling. Managers use these functions everyday in order to maintain balance within the work place. It is said that the functions must be performed efficiently for the success of ones business. All of these functions together are call the management process. Planning is a important part of management it actually is the first and base part of the process. With planning understanding where the company is trying to go with its goals and depending on how big the manangment is some stategies may get completely changed or modified. The business in which I work has a lot to do with planning ahead of time. You have to know what the consumer is going to be looking for and whats in and whats not. My business is selling Nikes and Jordans in which everyone has there own taste, but planning out the right product to bring in the building is a big deal. My job has plenty of examples of planning that we use like marketing planning, project planning, and sales planning. Organizing happend to be an very good function to a certain person within an organization. To be an effective manager organizing must become an very important role in duty as a manager. As a manager you have to know how to organize not only all your duties such as paper work and cleaning, but also you have to know how to manage the people you have with in your company. With people you have to know their strengths adn weaknesses to...
Words: 708 - Pages: 3
...* Wow, I'm getting tired with this reworked crap, how the hell less flexible build path, less versatility (Top/Support before and now only Jungle is better while his old roles are much worse now) and literally a copy of Vi's passive with a bit diffirent numbers can be more interesting to play? Sure, his old kits was boring to play against, but current kit makes Shen just another situational jungler which players will get Cinderhulk and some defense items on and even in that case he's hugely limited due to energy, so he can't buy RoA, IBG, Frozen Heart. And most of ppl never got what Shen was doing best and why he was good top laner - minon managment. I could keep enemy's minion wave exactly where I wanted every single time while staying healthy and doing good trades (not every single time, but usually). Heck, I could even stack my own waves even against someone with good waveclear and then taunt'em into oblivion. I dunno, most of You will disagree but I personally take this as a nerf that doesn't affect competetive play since Shen is going to shine there even brighter due to him actually having some outplay potential, but for casuals like me his wonky Q & W mechanics and lowered flexibility is not interesting. Not to mention AP Shen is dead, even though he's a ninja and some people would want to play him as a assassin and he had potential to be build both as a full tank or AP and not being unbalanced in each role with just a few tweaks like higher CD on Q or making it a skillshot...
Words: 533 - Pages: 3
