By following the matching principle all of the costs associated with a particular product, not just its wholesale price, is expensed when the item is sold. Requirement 2 - A Generally, the lower of cost or market method is used to value inventory in order to “avoid reporting inventory at an amount greater than the benefits it can provide” (Spiceland, Sepe, & Nelson, 2013, p. 476). According to Spiceland, Sepe, and Nelson (2013) the “change in replacement cost usually is a good indicator of the direction of change in selling price” (p. 477). When the change in replacement cost is negative the LCM method allows companies to apply the conservatism principle. The conservatism principle involves “recognizing expenses and liabilities as soon as possible when there is uncertainty about the outcome, but to only recognize revenues and assets when they are assured of being received” (The conservatism principle).
There are many disadvantages to hard engineering that can effect not only the environment but people. The main disadvantages to hard engineering are that for one they are very aesthetically displeasing to some people and can take up a vast amount of room. Two, they are incredibly expensive for the amount that is usually used. Another problem is that if a sea wall breaks during a storm then the effects of that storm will seem a lot worse just like in river’s where if a levee breaks during a flood the effects are a lot worse. Another thing with hard engineering, going back to the costs is that not all of the countries in the world can afford to have hard engineering management strategies.
This would affect the volume of gas captured in the pipette. And with a limited amount of sucrose its possible sucrose wouldnt properly fill in as a source of glucose for cellular respiration. Another source of error would be that we didnt let the burner heat up all the way to the correct temperature so that would affect the outcome massively and significantly. Also when we had 10% sucrose, we only recorded the time two times, compared to the other percentages of sucrose where we had many other trials and times recorded. We also found problems when we had placed clay on the tip of the pipette to seal the air out.
How important would reliability and dependability factor into your evaluation? * How does one evaluate the characteristics of a quality intangible product? How important would courtesy and knowledge be of the person representing the provider in resolving an issue with a quality intangible service? Week Three Discussion Questions What are the two principle activities in strategic planning? Why is it important to correctly identify and address these two activities to ensure success in the quality initiative?
PART 1 Q1. Explain how you will identify and understand the scope of the project you have been assigned? What documentation do you think you will need to source? In order to define the scope of a project, it is necessary to first establish the project objectives and it is the role of the project manager to see that their team or contractors deliver a result that meets the specified functions and features. To define a project scope, you must first identify the following things: • Project objectives • Goals • Sub-phases • Tasks • Resources • Budget • Schedule in the case of Red, it is the responsibility of the project manager to clearly communicate what the project is, who requires it, why, what is it designed to achieve, resources available, who will be involved and who will be affected by the end result.
Control over a process ensures that it is performed at its maximal potential. In this case of the collection of data, research was done on other process changes or eliminations that could improve the overall task. Once bottlenecks were identified, process improvements took its place. “A bottleneck is a constraint within the system that limits throughput” (Chase, Jacobs & Aquilano pg. 725).
SEC failed at this due to the fact that their product will not operate above 130 degrees F, and that the requirements would not be able to be met without different materials (The Orion Shield Project, 2003). Due to this issue alone, it caused problems with the project, delaying the timeline for completion, increased the amount of resources used and not committing to the stakeholders. Not only did they fail to meet the temperature standard, they also failed to meet the life span expectation. Mr. Allison is responsible for overcoming these technical objectives as project manager of The Orion Shield Project. Ethical Issue: Before even beginning the project, Mr. Allison couldn’t keep his commitment in regards to meeting the temperature requirement.
Verizon: External/Internal Factors MGT/330 January 28, 2012 Verizon: External/Internal Factors The four functions of management continue to guide Verizon through internal and external factors successfully. Of course, management needs to work creatively in problem solving and execute all the four functions in order to attain the objectives and goals in a way that the cost of accomplishment is viable for the company. Some of the internal and external factors that Verizon must effectively and efficiently guide themselves through are globalization, technology, innovation, diversity, and ethics. Verizon will need to continually adjust how they use the four functions of management to handle the strategic, tactical and operational decisions for the organization, and a crucial tool that Verizon uses to do so is delegation. How Internal and External Factors Affect the Four Functions of Management Like many others successful organizations, Verizon still stands on the four functions of management (planning, organizing, leading, and controlling) to guide them into the future.
The organizational problem with periodization is that because there are so many things happening at one time, a historian is not able to focus on them all. The ethical issue with periodization is that is easily implies value judgments the technical problem of periodization is that it no system of periodization can solve all cultural issues or satisfy all demands. 3. These labels are problematic because they may not be specific enough. Big Thought Activity Prequel 1.
Time, cost and how it will reflect on the employees are equally important and should be used as guiding principles to ensure the most appropriate actions are enforced. Thinking Tools and Techniques in Simulation Nancy believes that the simulation requires a person to determine with urgency the importance of a problem. Regarding which