Management accounting Introduction Management accounting is not only applied in big organizations, but it is also essential in any type of business, big or small. From financial accounting, this is a very different type of accounting, only closely related. However, its concern lies with giving budgetary data which helps in administrative decisions. Management accounting entails much more than just counting and tallying finances and concentrates more on estimations and deep-rooted business decisions. This type of accounting also helps the executives or directors know the costs of different products by giving the orientation in regards to prices and also prudence. Management accounting can nail down the circuiting of the products currently in the market and even the oomph of the new products. The reason why management accounting is essential in minding the store is that it creates an internal report to govern the long-term business scheme. The query standing out in this type of accounting is: how to spend the company’s budget. To answer the question, management accounting strategizes the cost analyses to actuate the expenses currently on the table and…
AMAZON AND ETHICS Executive Summary The importance of business ethics goes far beyond staff morale and profitability, or the quality of a partnership with a management team. As for other corporate policies, the lawful activity of a firm is closely related to efficiency in both the short and the long term. When trying to decide whether a business is a worthwhile investment, the validity of a company in the local sector, other firms, and prospective buyers is essential. When a corporation is viewed as not behaving responsibly, buyers are less likely to buy a product or otherwise support its operations. The paper analyses the ethical behavior adopted by the Amazon Company and the perspectives of different players on whether ethics should be the main priority of an organization or not. Keywords: Business Ethics Governance Structure Construction Industry Virtue Ethic Profit Maximization, Amazon Company Table of Contents Executive Summary. 2 Introduction. 4 Ethics as a Priority. 4 The Ethical Issues with Amazon. 5 Taxes Avoidance. 5 Warehouse Abuses. 6 Ethical Issues at…
Nikola Tesla Biography Nikola Tesla was a renowned inventor and scientist. Nikola was born on 10th July 1856 in Croatia; he died in 1943 in the United States. Nikola, in later years, moved to the United States, where he acquired citizenship. Nikola is a remarkable and outstanding figure in the field of science. Besides, numerous quotes believed to have been said by him are recorded in books. His expertise was linked to his childhood in Croatia, where he had a great interest in science and poetry. The essay aims to discuss the early life and adult life of Nikola Tesla and his contributions to science and poetry. How was Nikola Tesla’s early life? Tesla was born in a typical family in Smiljan, which was a part of the Austrian empire. His father was a priest from the Orthodox church while his mother managed the family’s farm. Tesla was not an only child as he had five siblings. In many books, it is indicated that Tesla’s mother was brilliant, although uneducated. Tesla’s mother is linked to the successes of Tesla…
Human Resource Management versus Personal Management Abstract Companies have within them a very crucial department of Human Resource (HR) Management, which is responsible for the formal arrangements and management of its workforce. The three primary functions of the HRM in a company are recruiting, remunerating, and defining of work. The HR department also works to equip, lure, and maintain a competent workforce for continued development. The corporate world is always changing, especially in its structure, to meet the demands of the market and also encourage productivity. Ideally, the HR department does not necessarily change as well, but it is tasked with ensuring the employees and stakeholders adapt to such changes. The HR department can act proactively or reactively to these changes as long as it handles its tasks to effectively bring the workforce around any fears associated with such changes. Human Resource Management versus Personal Management Areas to Cover Human Resource (HR) Management-Planning; – I will start with a well-rounded definition of the term, where it is applied, and its effects. Attracting in HR; – Here, I will…
Organ Transplant for Alcoholics Every year many people succumb to the complications arising from the complications caused by Alcohol Liver Disease (ALD). This is a wide variety of damage caused on the liver due to the high consuming amounts of alcohol for long periods. The only cure for this condition is a liver transplant (Marroni et al., 2018). However, several ALD patients do not get on the lists of getting these donated organs. The reason for this is that several transplant hospitals often require the patients that require new livers to demonstrate six months of sobriety before they can register and wait for the donors. This approach is highly beneficial since, in addition to providing an opportunity to the patients to restore the functions of their liver naturally, it also proves that the patient is serious about staying sober after they get their operation (Im, Cameron, & Lucey, 2019). This approach has been used for many years for patients with ALD. Many of these patients die before they accomplish the six month sobriety period. For this reason, this approach has…
Individual Reflective Critique – Philosophy/Ethics Reasons for Acting Ethically Options Menu: Forum Acting ethically requires individuals to make better decisions that will benefit everyone involved and society as well. Proper ethical decisions are dependent on good behavior instilled from a young age. Additionally, ethical decisions influence the outcome of different situations especially involving multiple dimensions. In light of this information, one instance that I was faced with a decision on proper behavior was a confrontation between my mother and father. It was one evening when my father came home claiming that his money was missing and that one of us took it. He was screaming and shouting claiming he will beat up all his children until the ‘thief’ reveals themselves. As soon as he started beating us, my mother emerged shouting no one will be beaten. She admitted to taking the money to take my siblings to the hospital and forgot to inform him. My father continued shouting and threatened to beat everyone. I intervened and calmed him down since taking his child to the hospital was important. This decision…
Federal Emergency Management Agency (FEMA) FEMA should be Independent Again Since the commencement of World War II, Presidents and Congress have formulated, debated, and revised management responsibilities for emergency administration (Carafano and Weitz, 2015). Some of the significant dilemmatic questions that have been the context of the debate over the past sixty years and that are specifically applicable today in the ‘FEMA Out or In’ discussion involve: what the authoritative borders of the organization charged with emergency administration should be; how the duty for emerging or new challenges should be assigned; whether it is right to differentiate between manmade and natural calamities; what ‘all hazards,’ and what components need to be there in an organization with an all-threats mission; what the interaction between crisis administration and outcome administration should be; and what the cooperation among the national, local and State governments should be present during a calamity, and if the interactions should vary in the emergence of a calamity. I think FEMA should be made independent again. FEMA should never be folded into the DHS. The first regulation of innovation…
Stages of Life Essay and Interview Life involves different stages and is a continuing process consisting of childhood, middle age, and adulthood. Life is therefore a collective process resulting from the various changes progressively taking place in the lives of individuals. It is vital to note there are differences between normal changes caused by the typical aging process and pathological changes from illnesses. These changes are not part of the normal aging process and require a medical expert to diagnose the problem. Older adults and younger people depict different symptoms in the aging processes and an individual who is 40 years may look physically older than 50 years old. Learning about this state of life experiences is vital and I interviewed my friend Wendy to comprehend her experiences with the health care system throughout her stages in life. Do you feel that your stage of life had any effect on your interaction with healthcare professionals? Wendy is a 43-year-old lady employed as a customer service agent at a local bank. Her state if life is adulthood (19-65) years. When…
Week 5 Journal Explain Whether Or Not You Would Evaluate the Journal And Article You Have Chosen As Reliable, And Why Yes, the article chosen is reliable after a thorough evaluation. The article is reliable because it provides a well-researched argument and a candid explanation about the topic of discussion. In this case, the article mentions that science research is not beneficial to everyone and the author proceeds to prove why and how research benefits a few. The article is reliable because the source is credible and authentic. The article was published in ‘The Atlantic’ magazine that has been in existence for over 100 years. Therefore, content published in this magazine is considered trustworthy since it has undergone scrutiny from the top editors. The article is reliable because it is accurate and objective. In terms of objectivity, the information provided is important for research purposes as science should benefit the whole community. The article is accurate based on the grammar free information provided. Punctuations are done professionally and no typos are indicating that the article underwent critical review. Explain Whether…
Q2. Elements of the PESTLE Analysis PESTLE analysis is a tool that focuses on analyzing an organization’s external factors and their effect on the organization. The elements of this tool are sociological, economic, environmental, political, technology, and legal. Political- for a company to establish a business in a particular country, political stability for that nation is crucial in the company’s decision. While some countries are corrupt and thus, causing difficulty for firms to establish and operate in their lands, bureaucracy also plays a vital role for the firm to stably grow and achieve the benefits. Therefore, the rise of a coronavirus which has affected the country’s taxes, consumer protection policies, trade, the tariff will impact the change of many countries to change their stability thus, making many companies hardly settle investment in those nations. Economical- Openness, economic growth, and status play a crucial role in a company’s strategic decision. Coronavirus thus will affect many organizations because each country will be aiming at increasing the cost of labor and raw materials which will make it difficult for many companies to establish…