Answer:
Explanation:
Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products
What Resident Evil games do you guys love and what monster or boss is your favourite inside that game.
a. Resident Evil 1
b. Resident Evil 2
c. Resident Evil 3
d. Resident Evil 4
e. Resident Evil 5
f. Resident Evil Revelations
g. Resident Evil Revelations 2
h. Resident Evil 0
i. Resident Evil 7
j. Resident Evil 1 REmastered
k. Resident Evil 2 REmake
l. Resident Evil 3 REmake
Answer:
i-
totally business studies
Explanation:
no comment
Answer:
b. Resident Evil 2
Explanation:
Mr X (Tyrant) is my favorite boss in RE2:)
What do you mean by investment function?.
The factors that affect the levels of total investments are summarised by the investment function.
What is investment function ?The investment function refers to the link between investments and interest rates. Interest rates and investment have a functional and inverse relationship.An investment function aims to explain how changes in national income lead to adjustments in how investors trade on the various domestic marketplaces. To achieve this, it is crucial to immediately link changes in the market to things happening in the economy as a whole.The interest rate is a measurement of the opportunity cost of those resources, so it stands to reason that investment and interest rates are inversely correlated. There is an opportunity cost of (1+r), where r is the interest rate, if the resources could be invested in financial assets instead of financing the investment.To learn more about investment function refer :
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Which 3 statements are correct regarding reconciling a bank account in QuickBooks Online?
a. Bank accounts can be reconciled only if they are connected through bank feeds
b. Reconciliations must only be run at period end to estimate tax owed
c. To view the Bank statement, select History by account
d. The primary admin can undo reconciliations
e. To begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement
f. Transactions added or matched in the Banking Center are automatically marked tentatively cleared
The correct statements regarding reconciling a bank account in QuickBooks Online are as follows:
e. To begin the reconcile process, you need to enter the statement ending date and ending balance from the relevant bank statement,
c. To view the Bank statement, select History by account, and
d. The primary admin can undo reconciliations.
How to Reconcile a Bank Account in QuickBooks Online?
Reconciliation in QuickBooks Online is a simple process. It's the act of comparing the transactions in your company's account records to the transactions on the bank statement for the same period to guarantee that everything matches up.
Here are the correct statements about bank reconciliation in QuickBooks Online:
To start, enter the statement ending date and balance from the relevant bank statement. To obtain the most up-to-date account data, QuickBooks Online suggests that you retrieve a bank statement from the current month. Reconciliations should be performed every month for the most up-to-date and accurate financial reports.
Select the account you want to reconcile after entering the statement ending date and balance. You should reconcile each account in your company to ensure that your records are accurate. To view the bank statement, select "History by account."
Transactions that have been reconciled are displayed in the "Reconciled" column. You may also use the "Filter" and "Find" functions to see transactions. To undo reconciliations, the primary admin should go to the Account History section, click the relevant account, and then click the "Undo" button.
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Which example shows a victim authorizing a scam or fraud?
A. Juan got a call saying he had unpaid parking tickets and they asked for his credit card number. He gave it to them to avoid going to jail.
B. Drew paid for his meal using his credit card. The waiter copied his card and then used the card to purchase things later.
C. Deandre had his identity stolen when he lost his credit card.
D. Samantha used public Wi-Fi to log into her bank account. A couple of days later, there were some mysterious withdrawals from her account.
Answer:
most likely B
Explanation:
because it's fraud
There is no joy in success as an unearned gift"" what does this quote mean
Certainly! The quote "There is no joy in success as an unearned gift" means that achieving success without putting in any effort or hard work is not fulfilling or satisfying. The feeling of accomplishment and pride comes from knowing that we have worked hard and earned our success.
The success that is given to us without any effort on our part is often viewed as an unearned gift, and while it may bring some short-term pleasure, it doesn't give us the same sense of satisfaction as something we've worked hard for.
This quote is a reminder that true joy comes from the hard work and dedication we put into achieving our goals. When we're handed something without any effort on our part, it can be easy to feel empty or unfulfilled. In contrast, the satisfaction that comes from working towards and achieving our goals is incredibly rewarding. It gives us a sense of pride and accomplishment that can't be replicated by anything else. Ultimately, this quote highlights the importance of putting in effort towards our goals and the value of earning our success through hard work and dedication.
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Which sentences identity the investing activities of a cash slow statement?
Tyler Enterprises has achieved remarkable growth in the past five years. Qualified accountants have prepared and analyzed the cash flow statement to
offer financial advice to help safeguard the future of the business. It includes details of the amount of cash flowing into and out of the business. The
statement begins with the amount of revenue that the sales team has brought in. It also involves the corresponding marketing campaign costs incurred
in the promotional exhibition. The profit was declared to the shareholders in the form of dividends. The production team undertook projects that involved
installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of
an old division of packing material were sold off in order to concentrate solely on present business. Old investors were issued stocks when their
convertible bonds attained maturity. Some of the old machineries in the production line were sold off as scrap while rest was revamped
The sentences that identify the investing activities of a cash slow statement are - The production team undertook projects that involved installation of automatic botting machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project. The stakes of an old division of packing material were sold off in order to concentrate solely on present business. Some of the old machineries in the production line were sold off as scrap.
What are investing activities?Investing activities include the acquisition of physical assets, the purchase of securities, and the sale of securities or assets. Cash flow from investing activities includes long-term cash uses.
Negative cash flow from investing activities may not be a bad sign if management is investing in the company's long-term health.
Therefore, the sentences mentioned above identity the investing activities of a cash slow statement.
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Answer:
"The production team undertook projects that involved installation of automatic bottling machines. New dishwashers were installed in the cafeteria as part of an efficiency improvement project" and "Some of the old machines in the production were4 sold off as scrap while rest was revamped."
Explanation:
I got it right on plato
Kallapur company manufactures two products: kap1, which sells for $120; and quin, which sells for $220. estimated cost and production data for the current year are as follows.
The question is incomplete. The complete question is :
Kallapur company manufactures two products: KAP1, which sells for $120; and QUIN, which sells for $220. estimated cost and production data for the current year are as follows :
KAP1 QUIN
Direct materials cost $ 30 $ 45
Direct labor cost (at rate $ 12/hr) $ 24 $ 60
Estimated production (units) 25,000 15,000
In addition, fixed manufacturing overhead is estimated to be $ 2,000,000 and variable overhead is estimated to equal $ 3 per direct labor hour. Kallapur desires a 15 percent return on sales for all of its products.
Calculate the target cost for both KAP1 and QUIN.
Solution :
It is given that Kallapur company manufactures two products namely KAP1 and QUIN.
Selling cost of KAP1 = $ 120
Selling cost of QUIN = $ 220
∴ \($\text{Target cost = target price - target profit}$\)
Target cost of KAP1
Target price = $ 120
Target profit = $ 120 x 0.15
= $ 18
So, \($\text{target cost = target price - target profit}$\)
= 120 - 18
= $ 102
Target cost of QUIN
Target price = $ 220
Target profit = $ 220 x 0.15
= $ 33
So, \($\text{target cost = target price - target profit}$\)
= 220 - 33
= $ 187
1. Some bacteria are helpful to the body and:
a. cause cavities
b. die quickly outside other living cells
c. help the digestive system function properly
d. give you energy
2. Germs produce toxins in the body that can make you:
a. sneeze a lot
b. cough
c. have diarrhea
d. all of the above
3.List three ways to keep germs from spreading.
4. Describe the proper way to wash hands.
5. Describe what the immune system does for the body.
6. An antigen:
a. is an unknown substance that infects the body
b. is a protein that attaches itself to germs to get rid of them
c. destroys germs in the body
d. is a type of immunity you are born with
7. True or false: Vaccinations help to provide us with adaptive immunity, which is immunity that develops as we are exposed to diseases. T F
8. White blood cells help to:
a. infect the body
b. provide passive immunity
c. destroy infections
d. weaken your immune system
9. A specialized protein that recognizes invaders to the body and attaches to them is called:
a. an antigen
b. an antibody
c. a complement
d. a T cell
10. True or false: It’s OK not to wash my hands after using the bathroom at home because it's cleaner than a public restroom. T F
Answer:
I messaged you the asnwer.
Explanation:
maria has a small catering business, and she decided to alter the sweetness of her salad dressing. this operational decision will have a big impact on the long-run profitability of maria’s company.
Maria's business's long-term profitability will probably not be significantly affected by this operational decision.
Functional choices are transient decisions that are regularly made on a week by week, everyday, or hourly premise. In order to maximize product flow along biomass-based production chains, they are primarily concerned with operational details, daily resource allocation, inventory control, and delivery routing.
Decisions about the routine, ongoing activities that take place in an organization's functional areas are known as operational management decisions. These are the everyday business decisions that every company makes frequently.
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Complete question as follows:
maria has a small catering business, and she decided to alter the sweetness of her salad dressing. this operational decision will____ have a big impact on the long-run profitability of maria’s company.
which of the following is correct? multiple choice anticipation inventory of raw materials may be held when a firm expects raw materials shortages in the future. pipeline inventory quantities are affected by mode of transportation. safety stock may be held in raw materials, work-in-process, or finished goods. all of these choices are correct.
all of the choices are correct.
The definition of inventory includes both the production-related raw materials and the final goods that are put up for sale. Because it is one of the primary sources of income production and, as a result, a source of profits for the company's shareholders, inventory is one of a company's most important assets. Finished commodities, work-in-progress, and raw materials are the three different categories of inventory. It appears as a current asset on a company's balance sheet.
Any firm must have inventory as a valuable asset. It is defined as the variety of unfinished goods or finished goods that a company keeps on hand for use in the regular course of business.
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Which of the following has inelastic demand: O Movie tickets Ice cream O Televisions Bread
Answer:
Bread
Explanation:
Inelastic demand tends to remain relatively stable despite price changes. Inelastic demand is a stable demand, or demand that is not stretching. Foodstuffs and essential goods tend to have constant demand regardless of changes in prices. People have to consume these goods no matter their costs.
Bread is foodstuff. People must eat to survive. The demand for bread and other foods stuff will remain relatively constant despite changes in prices.
Classify each statement as related to economies of scale, constant returns to scale, or diseconomies of scales.
Answer Bank
A 50% increase in inputs results in a less than 50% increase in outputs.
also known as increasing returns to scale
also known as decreasing returns to scale
A 50% increase in inputs results in a 50% increase in outputs.
A 50% increase in inputs results in a greater than 50% increase in outputs.
Increasing outputs results in higher average costs.
Increasing outputs results in no change to average cost.
Increasing outputs results in a lower average cost.
Economies of scale is classified as:
Increasing outputs results in a lower average cost.also known as increasing returns to scaleA 50% increase in inputs results in a greater than 50% increase in outputs.What are economies of scale?Economies of scale exist when lengthy run average complete value decreases as output increases, diseconomies of scale occur when lengthy run average whole price increases as output increases, and regular returns to scale show up when costs do now not change as output increases.
Economies of scale refer to these reduced expenses per unit springing up due to an amplify in the complete output. Diseconomies of scale, on the other hand, take place when the output increases to such a extraordinary extent that the cost per unit starts increasing.
Constant returns to scale is classified as:
Increasing outputs results in no change to average cost.A 50% increase in inputs results in a 50% increase in outputs.Diseconomies of scales is classified as:
Increasing outputs results in higher average costs.also known as decreasing returns to scaleA 50% increase in inputs results in a less than 50% increase in outputs.Learn more about Economies of scale here:
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in terms of the stock market, what does a "bear" believe?
In terms of the stock market, a "bear" is an investor or trader who holds a pessimistic or negative outlook on the market.
A bear believes that the prices of stocks or the overall market will decline or experience a prolonged period of downward trend. They anticipate that stock prices will fall, and they may actively engage in strategies to profit from these expected declines, such as short selling or buying put options.
Bearish typically base their beliefs on various factors, including fundamental analysis, economic indicators, market trends, or other factors that they perceive as negative for the market. Some of the reasons a bear may hold a negative view on the market include concerns about an economic recession, geopolitical instability, high valuations, overvaluation of specific sectors or stocks, poor corporate earnings, or unfavorable government policies.
Overall, bears expect the market to perform poorly, and they may take positions that benefit from declining stock prices or look for opportunities to sell stocks and exit the market. Their outlook is characterized by caution and a belief that stock prices are likely to decrease in the future.
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Help needed ASAP! Will give brainliest;) Try to help on my other questions:)
Entrepreneurs file a DBA document when using another name for their company. Why are DBA’s necessary?
A). DBA’s provide trademarking of the company logo.
B). DBA’s provide identification for taxes.
C). DBA’s are needed to open bank accounts.
whats the difference between net, gross, and operating profit
A single-payment loan used to finance a purchase when the cash to be used for repayment is known to be forthcoming in the near future is a form of:a. collateral note.b. interim financing.c. cumulative borrowing.d. loan rollover.e. loan extension.
A single-payment loan used to finance a purchase when the cash to be used for repayment is known to be forthcoming in the near future is a form of: b. interim financing.
This type of loan is often used to bridge the gap between the purchase of a product or service and the expected receipt of funds from a future event, such as the sale of an asset or the completion of a project. It is a short-term, high-interest loan that is typically paid off with a single payment once the expected funds have been received. This type of loan is also sometimes referred to as bridge financing or gap financing. It is important to note that this type of loan should only be used when the borrower is confident that they will be able to repay the loan in full with the expected funds.
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If you ate all of the soup from one can, you would consume about __________ calories and about __________ calories would come from fat.
If you ate all of the soup from one can, you would consume about 245 calories and about 70 calories would come from fat.
An energy unit is a calorie. The terms "calorie" and "calories" are used interchangeably for historical reasons. Originally, the large calorie, food calorie, or kilogram calorie was defined as the quantity of heat required to increase the temperature of one kilogram of water by one degree Celsius (or one kelvin). The small calorie, also known as the gram calorie, was defined as the quantity of heat required to increase the temperature of one gram of water by the same amount. 1 large calorie is therefore equivalent to 1000 little calorie.
The term "calorie" and the symbol "cal" are almost universally used in nutrition and food research to refer to the big unit.
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what is the best job in finance course?
Explanation:
The financial industry is easily one of the most competitive when it comes to finding a job. This is even true in regard to entry-level positions, as it’s almost entirely unheard of to jump into and build a successful career in the industry without starting near the bottom and working your way up. The desks of finance professionals around the world are littered with resumes of students and executive wannabes hoping for a break that they believe will set them on course to be young and rich “masters of Wall Street”. The highest paying jobs, and therefore the most competitive, in the financial industry – including four chief executive positions and investment professionals at hedge funds – are even harder to land.
We hope you enjoy this guide to the Five Highest Paying Jobs in the Financial Industry.
How would you ensure products being put out onto the shop floor are of good quality?
Answer:
1.Train Employees
2.Let technology help the process to shop more efficient and better at quality control
3.Upgrade Equipment
4...Keep Your Shop Floor Clean
Explanation:
hope this is helpful
5. What is one benefit of having a career as opposed to a job?
A:advancement
B:money
C :ability to pay bills
D :extra education
Answer:
the answer is A: advancement
Explanation:
I took the quiz and got 100% and the only other one that make sense is money but you get money from a job
what are the major components of a business operating plan?
Answer:
capital
investors
knowledge in field
everyone here is a pleb
Answer:
no no no no no no no no no no no
Which factor is critical to the successful implementation of IS?
.Aisolating users from the IS system
B. effective planning by top management
C.isolating processes from the IS system
D. aligning objectives of the system with business needs
E. visibility of products in real time
got it wrong when i put E
Answer:
The answer is D.
Explanation:
Aligning objectives of the system with business needs is the factor is critical to the successful implementation of IS. Hence, option D is correct.
What is aligning objectives?The likelihood that students will achieve the desired learning objectives increases when the major course components are in alignment. Objectives help instructors decide what content should be included and what is merely nice to have, especially in an online course.
By allowing students to focus on skills related to the learning objectives, the alignment of activities and evaluations decreases time wasted on unproductive tasks. Instructors can ensure that the course objectives are clearly established at the outset of the program by giving a table for the module.
Thus, option D is correct.
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Why would anyone buy shares of a corporation that had no profits and paid no dividends? what’s the highest price a person would pay for such a stock?
People may buy shares of a corporation that has no profits and does not pay dividends because they believe the company has the potential to grow and become profitable in the future. These types of companies are often called "growth stocks."
Investors may be willing to take on the risk of investing in a company that has no profits or dividends because they hope to make a large profit when the company becomes profitable in the future, and the stock price increases.
The highest price a person would pay for such a stock would depend on various factors, including the perceived potential for the company to grow and become profitable in the future, the market conditions, and the investor's own risk tolerance.
In general, investors will be willing to pay a higher price for a growth stock if they believe the company has a high growth potential and is likely to become profitable in the future.
In summary, investors may buy shares of a corporation with no profits or dividends because they believe the company has the potential for future growth and profitability.
The highest price an investor would pay for such a stock depends on various factors, including the perceived potential for growth and profitability, market conditions, and the investor's risk tolerance.
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Which four of the following are examples of peripheral devices?
Select 4 correct answer(s)
A. Integrated speakers
B. Keyboard (cordless or bluetooth)
C. Headset
D. Printer
E. Integrated camera
F. Joystick
Answer:
Keyboard
Headset
Printer
Joystick
Yw :))
cell division in both bacterial and eukaryotic cells produces genetically cells.
Genetically identical cells are produced during bacterial and eukaryotic cell division. Actions that take place while the bacterial chromosomes segregate during binary division.
What happens during the cycles of eukaryotic and prokaryotic cell division?Almost all cells undergo cell division as part of their life cycle. Cell division is the process through which a single cell splits into two different cells. Binary fission is the method used for most bacterial cell divisions. Mitosis and cytokinesis are the two main stages of cell division in eukaryotes.
How do bacterial and eukaryotic cell divisions differ from one another?Two different types of cell division mechanisms exist in eukaryotes. A vegetative cell division called mitosis and a reproductive cell division called meiosis are both present in eukaryotic cells.
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Write a paragraph in no more then 100 words. Do you think it's right to let animals work for human ?
Answer:
Animal rights is the philosophy according to which some, or all, animals are entitled to the possession of their own existence and that their most basic interests—such as the need to avoid suffering—should be afforded the same consideration as similar interests of human beings.That is, some species of animals haveOn the one hand, a group of people believe that mankind does not have the rights to exploit animals, as they are also living creatures. It is true that animals live by following their instinct, but they have the same feeling as human beings, therefore it would not be fair for mankind to exploit them. In several cases, it has been reported that some of the cows had cried before they were slaughtered in the slaughterhouse, which means that they also had the same feeling as human beings. In another reported cases, some of the animals was treated poorly by their masters, though they had been exploited heavily and made them sick or injured. the right to be treated as individuals, with their own desires and needs, rather than as unfeeling property.
Explanation:
it has become a debatable topic about the exploitation of animals by mankind. Some people believed that animals should not be exploited and should be treated fairly by human beings. In contrast, others think animals should be utilised to assist humans in various kinds of ways, such as the source of food or for medical testing. The following essay will discuss both views in details, but in my opinion, I believe that animals can be used as the source of food or to assist human beings in the proportionate way and human should treat them properly.
Answer: pls gib me brainliest :c ty
Explanation:
I think it is not okay for animals to work for humans as humans tend to have a nature of enforcement and want more than others so we would probably enslave them. We already torcher animals by keeping them so close do you think they need more? Although humans do need to eat and animals are a good source of protein. And giving animals more space would result in more wasted space so there really is no win-win situation. Enslaving animals would be wrong we need to respect animals as they help us enjoy our lives and food.
Read the first four paragraphs (1-4) of the above comprehension passage and write a summary.
Your summary should be one-third (1/3) of the original text.
Our current educational system focuses on preparing today’s youth to get good jobs by developing scholastic skills. Their lives will revolve around their wages. Many will study further to become engineers, scientists, cooks, police officers, artists, writers, and so on. These professional skills allow them to enter the workforce and work for money. But there is a big difference between your profession and your business. Often, I ask people, "What is your business?" And they will say, "Oh, I’m a banker." Then I ask them if they own the bank. And they usually respond, "No, I work there." In that instance, they have confused their profession with their business. Their profession may be a banker, but they still need their own business.
2. A problem with school is that you often become what you study. So, if you study cooking, you become a chef. If you study the law, you become an attorney, and a study of auto mechanics makes you a mechanic. a. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their lives minding someone else’s business and making that person rich. To become financially secure, a person needs to mind their own business. Your business revolves around your asset column, not your income column. The number-one rule is to know the difference between an asset and a liability, and to buy assets. The rich focus on their asset columns, while everyone else focuses on their income statements.
3. That is why we hear so often: "I need a raise." "If only I had a promotion." "I am going back to school to get more training so I can get a better job." "I am going to work overtime." "Maybe I can get a second job." The primary reason the majority of the poor and middle class are fiscally conservative—which means, "I can’t afford to take risks"— is that they have no financial foundation. b. They have to cling to their jobs and play it safe. When downsizing became the "in" thing to do, millions of workers found out their largest so-called asset, their home, was eating them alive. Their "asset" was costing them money every month. Their car, another "asset," was eating them alive. The golf clubs in the garage that cost $1,000 were not worth $1,000 anymore. Without job security, they had nothing to fall back on. What they thought were assets could not help them survive in a time of financial crisis.
4. I assume most of us have filled out a credit application to buy a house or a car. It’s always interesting to look at the "net-worth" section because of what accepted banking and accounting practices allow a person to count as assets. One day when I wanted a loan, my financial position did not look too good. So, I added my new golf clubs, my art collection, books, electronics, Armani suits, wristwatches, shoes, and other personal belongings to boost the number in the asset column. But I was turned down from getting the loan because I had too much investment in renting houses. The loan committee didn’t like that I made so much money from rent. They wanted to know why I did not have a normal job with a salary. They did not question the Armani suits, golf clubs, or art collection. Life is sometimes tough when you do not fit the standard profile.
The current educational system focuses on preparing youth for jobs, but it's important to differentiate between a profession and a business .
people become what they study and spend their lives working for someone else, neglecting their own business.
Financial security lies in building assets, not just relying on income. The poor and middle class struggle due to lack of financial foundation, often clinging to jobs for security. Possessions like homes and cars can become liabilities rather than assets. Traditional net-worth calculations may not account for unconventional sources of wealth, leading to difficulties in obtaining loans.
The first four paragraphs highlight the distinction between a profession and a business. While the educational system aims to equip individuals with scholastic skills for good jobs, it's crucial to understand that a profession alone might not guarantee financial independence. Many people mistakenly confuse their profession, such as being a banker, with owning a business. Financial security comes from minding one's own business and focusing on building assets rather than solely relying on income.
The second paragraph emphasizes that becoming what one studies can lead to a narrow focus on someone else's business, which often enriches others rather than oneself. To achieve financial stability, individuals need to pay attention to their own asset column. Differentiating between assets and liabilities becomes crucial. The wealthy prioritize growing their asset columns, while those who concentrate solely on their income statements struggle to achieve financial success.
The third paragraph delves into the reasons why the poor and middle class tend to be fiscally conservative and risk-averse. Lacking a strong financial foundation, they become dependent on their jobs for stability and are reluctant to take risks. Economic downturns expose the vulnerability of their so-called assets, such as homes and cars, which turn out to be burdens rather than sources of financial security.
The fourth paragraph illustrates a personal experience related to net-worth calculations and loan applications. It highlights the disparity between accepted accounting practices and unconventional wealth sources. While personal belongings like art collections, golf clubs, and expensive suits were not questioned, the committee focused on the applicant's rental property investments instead of a traditional job with a salary. This experience serves as an example of the challenges faced when deviating from the standard profile.
Overall, the passage emphasizes the importance of minding one's own business, building assets, and understanding the difference between assets and liabilities. It sheds light on the struggles faced by those without a solid financial foundation and challenges traditional notions of wealth evaluation.
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Prepare a review of the literature on ? the balance scorecard and its links to developments in information technology? in relation to activity based costing. Review should be no longer than 1500 words. Use apa referencing style. Suggested structure although no specific structure is prescribed, you should include the following in your review of the literature. ? explanation of the balance scorecard including a brief summary of its origins. ? define the context to which you will be review the literature on bsc including the definition of any terms used ? outline the key issues identified in the literature ? outline the key findings of the literature ? any weaknesses and strengths ? your own.
An organization can discover and strengthen its internal processes with the help of a balanced scorecard, a strategic management performance indicator, to improve its external results. Based on a review of performance information from the past, organizations are given advice on how to make decisions in the future that will be more effective.
Prepare a review of the literature on the balance scorecard and its links to developments in information technology in relation to activity based costing. Review should be no longer than 1500 words.
The balanced scorecard (BSC), activity-based management (ABM), and activity-based costing (ABC) are well-known management techniques. They serve as the foundation of performance management frameworks. Resources, Activities, Products, Services, and Customers are just a few of the important business factors that ABC and ABM deliver cost and other business knowledge about. By using them, managers can make choices that enhance cost and profit performance. The BSC converts strategic objectives into a set of performance metrics that are balanced by the crucial performance characteristics. By defining success in quantitative terms at every level of the business, it facilitates communication and execution of the strategic plan. The BSC and ABC are frequently seen as separate approaches, each serving a different goal. But when combined, they are more valuable since they are complementary. The benefits of connectivity include more comprehensive decision assistance and more performance measures, for which ABC is the only reliable source. For the benefit of the BSC, ABC performance measures have been incorporated. These include the cost of activities and activity results in the BSC of public and private organizations' internal business process components. This activity information includes both significant company operations and supporting services. Private companies use ABC profit metrics by the client, market area, market segment, and distribution channel in the BSC's customer dimension. The BSC allows ABC to provide up to 20–30% of the performance measures. For instance, 22% of the data in the BSC were derived from the South's activity-based pricing model. The BSC's users profit from ABC's analytical skills. The real cost of maintaining a mile of highway, for instance, can be discovered by the manager of the transportation department to be more than the target set forth in the scorecard. The manager has access to comprehensive data via ABC regarding the tasks and materials involved in maintaining roadways. By performing a thorough "drill down" and analysis of this data in ABC, it may be possible to identify the main cause of the issue and take appropriate corrective action. Due to the invention of new measurement techniques including the Balanced Scorecard (BSC), performance prism, performance pyramid, economic value added (EVA), economic profit (EP), and self-assessment approaches, performance measurement (PM) has improved during the past 20 years. These developments may be seen as a reaction to the growing accounting issues that arise when business unit success is primarily measured using conventional financial accounting metrics like return on investment (ROI) and earnings per share (EPS). The majority of business units have intangible assets, which are assets that are not reflected on the balance sheet but which could significantly affect how successfully they run. Traditional accounting techniques ignore numerous non-financial factors in favor of focusing solely on financial performance. Additionally, these conventional financial indicators emphasize short-term performance and may provide false signals for ongoing innovation and improvement, which are crucial for today's competitive climate.
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Administrative costs include ______. shipping costs and sales commissions executive compensation and public relations costs factory maintenance workers' wages and factory supervisors' salaries sales commissions and factory supervisors' salaries
Answer: Executive compensation and public relations costs
Explanation:
Administration costs are cots that the company does not incur as a result of production, sales or indeed any specific department. They usually relate to the entire organization as a whole and involve the running of the entire company.
Executive compensation is an admin cost as the executives are in charge of coordinating the whole company and cannot necessarily be linked to one department or function.
Public relation costs affect the entire company and so are admin costs as well.