Accounting
Differential Cost
Differential Cost strategy when used by an educational entity such as UOS means that the institution determines what it would cost to offer alternative forms of education based on the number of students interested in choosing those alternative forms. In other words, by offering choices to the students based on the student's specific needs and desires and then measuring the difference in cost when compared to other educational offerings, the school will know exactly what the differential cost is. This allows the school to offer courses and activities in the most efficient and effective manner, and in a manner that produces the highest amount of revenue with the lowest cost. By knowing the difference between the school's offerings and what the same type of offerings are being offered by their competitors, the school will be capable of offering more for less. As an example, if the school decided to offer a computer course that drew 40 students paying $500 with a cost of $2,000 compared to offering a English course that drew 50 students paying $500 with a cost of $2,000 the differential cost is a positive $5,000 for the English class. The school would then know to offer the English class over the computer class.
Major activities and activity cost pools
The major activities at UOS include the following; teaching, the Center for Continuous Education, and student registrations and admission services. Additional activities that are evaluated as to their cost includes such items as Human Resources, Maintenance, Computer Services, Transportation and Facilities. Teaching, of course, is the mainstay of the institution. Without good teachers, the school suffers; loses students and revenues, and could possibly lead to a downward educational spiral from which the school never recovers. Therefore, hiring and keeping good teachers is very imperative...
Management Accounting in a Growing Business One of the most important factors towards the success, productivity, and growth of a business is management accounting whose significance has attracted considerable attention in the recent past because of new trends and recent developments. Actually, management accounting is considered as a business process that creates energy, which drives a company's results and success. The significance of management accounting in today's business environment is also
875). Often success introduces complacency, rigidity, and over confidence that eventually erode a firm's capability and product relevance. Arie de Geus (1997) identified four main traits for a successful firm; the first is the ability to change with a changing environment (Lovas & Ghoshal, 2000, p.875). A successful firm is capable of creating community vision, purpose, and personality, and it is able to develop and maintain working relationships. Lastly, a
Develop a financial strategy for using global nursing strategies to increase fiscal responsibility. Include the positive and negative financial impact of bringing foreign healthcare providers into a financial organization. Examples such as physicians, nurses, and therapist should be evaluated and assessed for financial viability. Healthcare institutions may be faced with fiscal constraints at some point in their growth process therefore necessitating austerity measures and sound business practices that will help minimize
Marketing (Water Fans, India) Industry outlook The market in India for water fans or misting fans as they are also called is problematical at best. Without doubt, the climate (except in the northern mountains) is hot; the problem is, it is also quite humid. Still, the Indian people have been looking for ways to stay cool for centuries. It was India that gave the world the slatted shutter; when air comes in
business strategy commonly refereed to as Just-in-Time has become more and more dominant in many aspects of business. Corporations like Hewlett-Packard have begun to use the system to improve efficiency and customer service. Although the system has been criticized as a lofty idea or a theory rather than an attainable business practice, the company that have implemented the idea have profited form it. Moving ideas from boardrooms and ivory
By the same token, an American citizen, say of Iranian decent has very little choice in self-defining their "ethnicity" since there is not a category for Arab-American -- instead, they must be White/Caucasian, which in some cases, is how they self-view, in other cases, not at all accurate for a political "count." The task then, for political leaders, is to ensure that numbers, used for judgment, dividing, and even
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