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Illustrate the term accounting?
Accounting:
It is an art of classifying and recording data. Here, the data considers to transactions consisting of monetary or financial values. As per this, accounting is merely an art and not a science. Such contention is held due to the fact which the principles and rules of accounting are not based upon general truths and natural laws as any mathematical or physical science. Accounting has its own laws that apply equally well within similar circumstances for same business transactions.
Production Capacity of Production process Here comes the most important of all questions what would be the production capacity of plant at the given process flow. Well there
A clothing company uses sweatshop labor to manufacture clothing products that contribute to low pricing, which is a consumer want. Many companies have engaged in sweatshop labor. D
QUESTION Instruction- Read the following case study and answer the questions below Wesley, a newly appointed room attendant supervisor's, productivity has not been as expe
Who is an entrepreneur? An entrepreneur is a person who is capable to express and carry out the urge; skill, innovative and motivation capability to establish a business or ind
Question 1: a) Explain how a business could carry out market research. b) Describe the difference between selling and marketing. c) Describe the 4 main international mark
Electronic marketing (E-marketing) can be viewed as a new modern business practice associated with buying and selling goods, services, information and ideas via the Internet and ot
The natures of the production process the product design and production planning and plant layout have signification affect on inventory policy. a. Degree of Specializati
The idea of the decoupling inventories is to decouple or disengage different parts of the production systems. As we can observe easily different machines equipment and p
Stock out cost means the cost associated with not serving the customers. Stock outs imply shortages. If the stock out is internal ( that is in the production system) it woul
Question 1: Describe the concept of quality. What are the challenges of managing quality across the organisation? Concept of Quality Challenges of managing quality ac
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