...Executive Summary Introduction: Global Supply Chain Management Simulation is game that player decide the design, demand of forecast and number of production for a cell phone company. The company has two products, Model A and Model B, the latter is more expensive than the former in cost and selling price. The time in the game split into 4 years and, in each year, player has to make decisions for the company. In the end of each year, player will see the financial report and, based on the report, do some necessary adjustments for decisions next year. Analysis: Design At the beginning, we want to be conservative. So we choose designs which have no effect on our cost. Then in coming years, based on our knowledge and information provided by managers, we chose designs which we think are important for customers. Supplier choose and production For Model A, we chose “farfar away” supplier, because Model A is a normal item that we wouldn’t suffer huge markdowns in the end of each year. In addition, compared with “far away” supplier, “farfar away” supplier has lower setup cost, though its lead time is longer. But we can order more to manage the stock out issue. For Model B, we chose “pretty close” supplier in the first year, because we want to choose a lower setup cost option and because Model B is a high-end one that we wouldn’t suffer high stock out cost. In second year, we found that the capacity of “pretty close” doesn’t match the monthly demand. So we switch to “re-vefas”...
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...LJB Company | Case Study #2 LJB Company | Internal Control | | This document contains information about the internal controls for LJB Company | TABLE OF CONTENTS 1. Introduction …………………………………… Pg 2 2. Six Internal Control Activities ……………….. Pg 2 3. LJB Company Positive Side ………………… Pg 2 4. Segregation of Duties ……………………..…. Pg 3 5. Petty Cash …………………………………….. Pg 3 6. Human Resources ……………………………. Pg 4 7. Conclusion ……………………………………... Pg 4 LJB Company is planning to go public in the future and before doing the president of the company would like to be made aware of any regulations required of his company if they go public, so they asked our accounting firm to evaluate their system of internal controls. In the process of the evaluation, our firm noticed several problems within the organization. Fraud is a big thing to have to watch out for when it comes to business owners. There are six principles of controls activities that help with such risks like fraud. 1. Establishment of responsibility 2. Segregation of duties 3. Documentation procedures 4. Physical controls 5. Independent internal verification 6. Human resource controls Mr. President, above is a list of internal controls that will help minimize the risk of fraud. After our evaluation we have noticed some problems that may turn into bigger problems if not addressed and addressed properly. Before we get started on talking about what we noticed that...
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...MARKETING FOR MANAGERS [Student Name] [Instructor Name] [Course Name] [Date] MARKETING FOR MANAGERS 1. Are the corporate objectives clearly stated and do they lead logically to the marketing objectives? Telstra is the largest telecommunication player in Australia’s market, however, the very essence of the organisation’s goals is to expand to a level where it changes the lives of a majority of Australia’s population. The company also aims to create simple tech solutions that are easy to used by everyone. It should be noted that it is hard for marketing goals to be out of line with the corporate vision as it is very generic and holds true for almost all companies, telecommunication or otherwise. (D. jyh-Fu Jeng, 2012) The corporate objectives of firm are however very well defined and lead logically to the marketing objectives. The said objectives are also reasonable and achievable while being challenging. One of the Corporate goals was to increase the number of bundled plan customers by 1 million, but with clever marketing techniques and strategies Telstra was able to raise the number by 1.9 million in 2014. A further increase in business was brought in by marketing with 16 million customers in the domestic retail market. It is easy to see that the corporate goals of Telstra are directly linked to its marketing goals (Telstra Corporation, 2015) 2. Does the organisation follow the marketing concept, the selling concept or production concept? The Selling and Production...
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...CASE STUDY The management team of Thorpe feel that standard costing and variance analysis have little to offer in the reporting of some of the activities of their firm. “Although we produce a range of fairly standardized products” sates the accountant of Thorpe, “prices of many of our raw materials are apt to change suddenly and comparison of actual prices with a pre-determined, and often unrealistic, standard price is of little use. For some of our products we can utilize one of several equally suitable raw materials and we always plan to utilize the raw material which will, in our opinion, lead to the cheapest total production cost. However we are frequently caught out by price changes and the material actually used often proves, after the event, to have been more expensive than the alternative which was originally rejected. “For example, consider the experience over the last accounting period of two of our products, Alpha and Beta. To produce a unit of Alpha we can use either 5 kg of gamma or 5 kg of delta. We planned to use gamma as it appeared it would be the cheaper of the two and ours plans were based on a cost of gamma of $ 3 per kg. due to market movements the actual prices changed and if we had purchased efficiently the cost would have been gamma $ 4.50 per kg delta $4.00 per kg “Production of alpha was 2 000 units and usage of gamma amounted to 10 8000 kg at a total cost of $51 840. “Product of Beta uses only one raw material...
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...Howard, Inc. Consulting has been hired to evaluate managerial issues that occur at ABC, Inc. This analysis is an attempt to identify and recommend ways to improve the hiring process of ABC, Inc. A number of problems were made during the recent hiring process. From the information obtained, we believed that a lack of time management and planning skills on behalf of ABC, Inc. newly hired campus recruiter, resulted in failure to accomplish all the necessary tasks to hold orientation at a specified time. Howard Inc. Consulting suggests that in efforts of reducing or eradicating the problems presented in this case, ABC should provide a detailed outline of the hiring process and each component. Background Carl Robins, a new campus recruiter with only six months on the job successfully recruited 15 new trainees in early April. He scheduled his first new hire orientation to take place in June with expectations of having the employees working by July. After being contacted by Monica Carrolls, the Operations Supervisor, on May 15 to address issues regarding the orientation such as drug screening, schedule, manuals, physicals and such, Carl Robins provided assurance that everything will be in place. After assuring that everything would be taken care of, Carl procrastinated until the day after Memorial Day to finalize things for the orientation. With only approximately two weeks left until orientation, Carl discovered that essential aspects of the hiring process had not been...
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...SUMMARY Delima Enterprise is founded in 1981 by Encik Zayed. The main activity of Delima Enterprise is conducted trading and supplying related products including manpower supplies to the oil and gas industries. The company activities had expanded into provision of engineering services. Due to encouraging business growth in 2004, the Delima Enterprise was incorporated as Delima Enterprise Sdn Bhd. Since 2006, the company awarded with several engineering projects and its cumulative revenue for 2004 is RM1 million and RM1.7 million for 2005. The company is family based company and most of them only have secondary school background. They do not familiar with the audit. They also did not familiar with Accounting Standards and the provision of the Companies Act. The company also consists from the non experiences staff of their job. In May 2006, the company had employed Cik Amy graduated from a local university with no job experience. Encik Zayed is a principal shareholder and controlling director. In May 2006, the company had secured a contract worth RM 750,000 to be implemented over duration of six month. Due to shortage funds, Delima Enterprise Sdn Bhd wants to make banking facilities from Malayan Banking Berhad and CIMB Bank Bhd. The bank required company’s Audited Financial Statements for the last two years. From the requirements, Encik Zayed realized that company did not perform any statutory audit before. In July 2006, they engaged with the external Auditor Aziz & Co (Chartered...
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...Patrice Sapp 02/01/2013 Chapter 3 1. Social Cognition- How people think about themselves and the social world, or more specifically, how people select, interpret, remember, and use social information to make judgments and decisions. 2. Automatic Thinking- Thinking that is nonconscious, unintentional, involuntary, and effortless. 3. Schemas- Mental structures people use to organize their knowledge about the social world around themes or subjects and that influence the information people notice, think about, and remember. 4. Accessibility- The extent to which schemas and concepts are at the forefront of people's minds and are therefore likely to be used when making judgments about the social world. 5. Priming- The process by which recent experiences increase the accessibility of a schema, trait, or concept. 6. Self-Fulfilling Prophecy- the case whereby people have an expectation about what another people is like which influences how they act toward that person, which causes that person to behave consistently with people's original expectations come true. 7. Judgment Heuristics- Mental shortcuts people use to make judgments quickly and efficiently. 8. Availability Heuristic- A mental rule of thumb whereby people base a judgment on the ease with which they can bring something to mind. 9. Representativeness- A mental shortcut whereby people classify something according to how similar it is to a typical case. 10. Analytic Thinking Style- A type of thinking in which people...
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...STDY 80: Studying & Learning Final Projects: Research Paper SAMPLE RESEARCH PAPER (A) “An Overview of the Hospitality and Restaurant Management Profession” December 12, 2006 By: John Doe STDY 80: Studying & Learning Prof: Kathleen E. High, M.Ed. Mt San Antonio College Hospitality & Restaurant Management Doe: i Thesis Statement: A person who wants to become a professional in the Hospitality and Restaurant Management field should consider gaining both experience and an educational degree in order to enjoy a successful career. Purpose: To help the author understand what it will take to become a professional in the HRM field. Audience: Professor Outline: I. Introduction: The HRM profession is multi-faceted a. An Educational Degree is advantageous; Experience is also key b. Responsible for operations of a functioning food establishment c. The field is diverse and covers all demographics and populations II. Body: The HRM profession is multi-faceted because of the nature of the hospitality and restaurant industry. a. Education - A degree from an accredited university or training from a certified program can be advantageous. i. AS in Hospitality & Restaurant Management ii. BS in Culinary Arts Management iii. Business & Marketing iv. Recreation Management b. Experience – with dedication and hard work, a person may be able to work his or her way from bottom up. i. Getting a foot in the door ii. Learning from observation and practice iii. It takes time ...
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...Skip to NavigationSkip to Content TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Search Home Page »English and Literature Analysis of ‘an Old Woman’ – by Arun Kolatkar In: English and Literature Analysis of ‘an Old Woman’ – by Arun Kolatkar Analysis of ‘An Old Woman’ – By Arun Kolatkar In the poem “An old woman” poet Arun Kolatkar uses the image of a mendicant old woman to symbolize the decay in society which he is trying to convey through the poem. The poem dives right into the subject matter, there is no description of the setting or nor any physical description of the woman, because the poem isn’t meant to be an image of a particular city or a particular person. All of us have at some point been in the situation of the narrator in the poem. And quite a few of us no doubt on some occasion have reacted the way the narrator did. And this is the very aspect of the poem which raises so many thoughts in our minds. The poem starts with an old decrepit lady holding the sleeve of a narrator and tagging along, nagging him for some money. “She wants a fifty paise coin”, but she is not begging for it outright. She offers to take him to the horseshoe shrine. This is the second aspect of the poem which is so appealing to the reader. People often argue that beggars are lazy and do not work for a living and therefore are in the position they are, which is mostly untrue and in this situation the...
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...PARENTS Definitions Parents: Two people who provide the needs and wants of a child in order to increase their wellbeing. TYPES OF PARENTS 1/2. Biological: When the mother and child are genetically related Why become parents??? 2/2. Social Parents: Two non-genetically related people assist in nurturing the child through their formative years, when the biological parents may be unable to. CARER RELATIONSHIPS Definiton Carer: -Someone who assists in satisfying their needs of individuals who alone cannot -They may voluntary or paid Definitions cont.d… Primary Carer: ‘An individual who has the main responsibility for care of another to help them satisfy their needs by enabling them to interact more successfully with their near environment. Self-Care: Provinding personal care such as showering, dressing,eating Mobolity Care: Assisting people to move outside or in the home.eg. From bed to chair Communication Carer: usually care related to verbal communication in helping a person understand or be understood. Eg. Deaf and blind, instances when such care is required CARERS MAY OR MAY NOT LIVE IN THE HOUSEHOLD ...
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...Introduction: Modern management science philosophy considers customer satisfaction as a baseline standard of performance and a possible standard of excellence for any business organization. Especially, banks due to similar services compete together in order to achieve customer satisfaction. They try to create eases for their customers. E- Banking is a new system that most banks have used to achieve this objective. This system opens multiple routes to the customer service (e.g., ATM machines, telephones, Internet and mobile phones). Although, advancements in e-banking technology have already transformed the modern world, E -banking is still an innovation in creating products and services through electronic channels with low cost. These products and services include billing, credit, deposit management and electronic payment of products and services such as electronic money (Samadi and eskandari, 2012). The number of mobile phone users worldwide reached the seven billion mark in 2013(the mobile economy 2013). By the end of 2013 there will be more mobile devices on earth than people. One of the recent innovation in the field of communication is mobile banking, where a customer interacts with a bank via mobile phone. In India there are 867.80 million mobile phone subscribers of those 21.61 million people use internet on these devices (TRAI 2013). A new approach in the field of banking services is the supply of financial and banking services with mobile phones. Mobile- banking...
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...Online Collaborative Learning for High School Students Using a Blended Approach for the Promotion of Self-Monitoring Skills Sharon Peters A Thesis in The Department of Education Presented in Partial Fulfillment of the Requirements for the Degree of Master of Arts (Educational Technology) at September 2006 © Sharon Peters, 2006 CONCORDIA UNIVERSITY This is to certify that the thesis prepared By: Sharon Peters Entitled: Online collaborative learning for high school students using a blended approach for the promotion of self-monitoring skills and submitted in partial fulfillment of the requirements for the degree of Master Educational Technology complies with the regulations of the University and meets the accepted standards with respect to originality and quality. Signed by the final examining committee: ______________________________________ Chair ______________________________________ Examiner ______________________________________ Examiner ______________________________________ Supervisor Approved by ________________________________________________ Chair of Department or Graduate Program Director ________________________________________________ Dean of Faculty Date ________________________________________________ Abstract Online Collaborative Learning for High School Students Using a Blended Approach for the Promotion of Self-Monitoring Skills Sharon Peters While online learning environments have become common at the...
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