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Re: You Will Study With Me.
Posted: Wed May 02, 2012 9:57 am
by Royal
What are the challenges to informational quality?
Conflicting functional needs
System constraints
Non integrated processes
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:00 am
by Royal
Define: Ideal Standards
Ideal standards represent costs that result from perfect efficiency and effectiveness in job performance.
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:02 am
by Royal
Define: Currently Attainable Standards
Currently attainable standards represent costs that result from work performed by employees with appropriate training and experience but without extraordinary effort.
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:10 am
by Royal
Margin of Safety in Dollars
Total Sales - Breakeven sales
Margin of Safety %
margin of safety in dollars / total sales or revenue
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:13 am
by Royal
Breakeven point in dollars
Total fixed costs / contribution margin ratio
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:14 am
by Royal
Contribution Margin Ratio
Contribution Margin / Revenue
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:22 am
by Royal
Strategic Positioning
During strategic positioning, a firm will determine the best manner to achieve organizational goals and assess the quality practices of the organization.
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:25 am
by Royal
Steps and Formula for economic value added:
1. Compare income to the required return
Investment x cost of capital = required return
2. Calculate the required amount of return and income after taxes
Income after taxes - required return = economic value added
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:35 am
by Royal
Two Quantitative Methods for Evaluating Risks
Interval Measurement: Numerical scale measurements of events
Ratio Measurement: Proportional scale measurements of events
Re: You Will Study With Me.
Posted: Wed May 02, 2012 10:41 am
by Royal
List Two Qualitative Methods for Evaluating Risks
Nominal Measurements: Groupings of events into like kinds
Ordinal Measurements: Lists of events in order of importance