Essays on Allocating

How to Use Policy to Change Public School’s Funding and Resources Allocation

Ph.D. in Education-Leadership, Change, Policy in Education

Abstract

The present study aims to investigate the funding disparities deprive many minorities and low-income families of the opportunity for education success. The research endeavors to explore different ways policy can be used to equally allocate educational resources and use them to the advantage of the less fortunate sections of the society. As one of its important goals, this prospectus paper informs the research as to how to weigh the options available to the school managements and the education policy makers. The paper provides a purpose to the proposed study by dwelling upon ...

Abstract

The Geographic Information Systems (GIS) is technological programming that gathers, accumulates, and evaluates data related to the earth’s surface. GIS interprets set of data on a single map, which is evaluated and interpreted subsequently. Over the years, the integration of the technology with the principles of Transportation Economics gained a significant attention of numerable economies. Particularly the metropolitan cities of developed countries that encounter various challenges related to the development and maintenance of infrastructure. It was found that GIS allows the Transportation Economists to develop and propose an efficient plan related to different routes and their smart integration. ...

Meaning of Neighborhood Stabilization Program

NSP (Neighborhood Stabilization Program) is an initiative established by the U.S Congress with the objective of stabilizing communities that have been subjected to property abandonment and foreclosures. This program was initiated under Housing and Economic Recovery Act of 2008, and it was intended to repurchase and redevelop the abandoned and foreclosed properties and homes (Neighborhood, 2016). Low- income individuals who default to service their mortgages usually have their residential property repossessed by the lenders. People are evicted from their homes, resulting in abandonment and foreclosure of the property. Such property would remain under the ownership of private lenders after ...

A free market economic system is a method of allocating resources, which is based on the market price. Prices are determined through unrestricted competition between the state and privately owned business entities

Command system works best when there are extreme market imperfections and uncontrolled monopolies

A command system works badly when the government control most of the resources and discourage fair competition because it leads to inequalities and poor quality of goods and services. The contest method of resource allocation works efficiently because increased competition ensures fair prices of goods and services. Additionally, the wage rates are high and the quality of products and services improve as various market players strive to ...

Costing is the process of tracing and allocating costs to a product, service, or a cost center (Drury, 2008). The cost of a product consists of both direct costs and a fair share of overheads. There are number of costing techniques that Monster Beverage can use that include process costing, job costing, absorption costing, and activity based costing (ABC). Process costing assigns costs to products as the move through various stages or processes (Drury, 2008). In process costing, costs for each process are accumulated over a period such as a month and then the average cost is allocated to ...

Abstract

Blue Coral Copters Inc. is on a course of gaining prominence. However, such moves may be thwarted if the current, below par safety measures are put in place. Eminently, the organization is faced with an avoidable tragedy, which can be avoided through simple revision of the current security measures. Just like Blue Coral Copters, agencies in the service industry prosper today based on the safety precautions that they offer to their stakeholders. Thus, the much-needed prosperity at Blue Coral Copters Inc. may only be realized if the organization takes new steps in re-engineering their safety measures. From the assertions ...

Rio Tinto was a prominent entity with market leadership in global market leadership until 2010. The company had been considered for offering sustainable management practices related to mining for more than two decades. Mr. Sam Walsh, the Executive Director and Chief Executive Director of Rio Tinto Iron Ore Group addressed Australian-Japan Cooperation Committee in 2009 regarding significance of climatic alterations in mining industry. Stating, that there is a need to take serious initiatives to reduce uncertainties and exploit opportunities. Moreover, it is a responsibility of Rio Tinto to offer industrial solutions regarding greenhouse gas emissions and usage of alternative ...

Acknowledgements

The research was supported by [name of foundation] who provided the information on the company present and past. I would like to thank [name] for assistance with the information, sharing and evaluation the process of strategy building, sharing the ideas about the built strategy and telling what was done before to develop the company. I would also like to show my gratitude to [name] who gave some precious comments about the work of the company that helped to process the research and work out some ideas of improvement.

Approval Sheet

Executive Summary The case study of the Golden Horizon Placement Agency ...

The code below has been implemented using MIPS assembly in a MARS simulator, that when given a matrix NxN it calculates the determinant using a recursive function, the function is allocating any matrix in the heap using array structure where each row get assigned specific array and stores arrays through another array as below ## function computeMatrixDeterminant ## input: $a0 = the matrix pointer, $a1 = the number of rows and columns ## output: $v0 = the determinant computeMatrixDeterminant: #allocating space in the stack add $sp, $sp, -20 sw $s0, 16($sp) sw $s1, 12($sp) sw $s2, 8($sp) sw $s3, ...

Part 1

Milton manufacturing is facing a number of issues that include: Inaccurate costing of tables and chairs, there is an equal allocation of overheads to chairs and tables resulting in the chairs being allocated more than a fair share of the overheads while the tables under absorb overheads. Resistance to change, Mr. Smith is reluctant to change the costing techniques arguing that they have traditionally allocated overheads to tables and chairs equally. The organization has a closed climate where employees are not able to freely communicate. For instance, Mr. Smith tends to dominate the meeting and members are afraid of ...

(Using Teejay's International based in Houston, Texas)

Introduction

One of the key challenges that management accountant have faced is allocating overheads costs to the products. In overcoming an attempt to address this challenge, various ways have been devised. One of the most instrumental developments in the allocation of overhead is the development of ABC accounting. ABC costing is an improvement to the traditional accounting approach that has always been in use. The method appreciates that there are numerous costs drivers hence identities these cost drivers and uses them to pool costs in order to allocate them to the products (Bendrey, ...

Slide 2:

In the modern world today, we face as a global culture the inclination of civil wars and political crises and displacement of peoples. The quote mentioned above refers to the displacement of people due to natural and political disasters. When these disasters transpire, individuals are typically living in sub-standard living conditions. What ends up happening as a result is that people are exposed to living conditions with lower sanitation that were seen many centuries ago. This subjects these populations to diseases that they may have not been subject to previously. In order to combat this epidemic, we have to ...

Project scheduling

It is difficult to determine the expected duration of activities of the project accurately. The triple time estimates give a reliable measure of the project completion period (Collins, 2011). The triple time estimates are used to determine the time, standard deviation and the variance for each activity as well as the entire project. The following formula gives the activity times: Activity time = (Optimistic time+4×Most likely time+pessimistic time)6 Standard deviation = (Pessimistic time- Optimistic time)6

Network diagram

The above network diagram indicates that the project will be completed in 72.67 days. The total duration of the critical path ...

Abstract

Budgeting has always and continues to play a crucial role in business planning. That is given its application is estimation of the future performance parameters. With that, the discussion explains the relation between the profit planning and the budgeting process. For that, budgeting has been identified as the basis of the estimates used not only in profit planning but also in business planning. Also, several benefits have been identified regarding the business planning and budgeting including that they form the key reference for the performance evaluation. Further, the discussion explains the role of a controllers regarding the reporting to ...

Slide 1

The title of my presentation is “Functions of Management”. Slide 2 Management can be described as a social process that involves responsibility for effective and economic planning and regulation of a company in the fulfillment of certain purposes. It a dynamic process and consists of various activities and elements. These activities differ from operative functions such as finance, marketing, purchase, etc., but they are common to every manager regardless of his status or level. Numerous researchers have classified functions of management in a different way. According to Fayol, for example, there are four functions, but the most accepted are ...

Introduction

Conversion funnel is a key component of conversion analytics and means a customer’s path to the company website through the digital marketing tools like email advertising, banners or social media, after which he or she completes several stages of increasing interest in product in order to eventually purchase it. There are different approaches of establishing conversion funnel stages but in this task we will consider four main stages: awareness, interest, desire and action. Each stage is characterized by the smaller number of customer who could manage to reach it comparing to the previous stage (Gillick, 2014). In this ...

-The question of Human Capital The article by Nanette Byrnes considers an important question relating to everyone’s financial lives (Byrnes, 2010, p. 1). The question is, can people be stock like or bond like in their characteristics. The article points out these characteristics as the age of the person, job type that a person has, whether this job can be affected by volatility in the stock markets etc. Hence the issue being inspected is ‘Diversification’ in investment. While considering where to invest; wealth management gurus stress the need to diversify. Traditionally, this exercise includes allocating resources to different ...

Transfer pricing is a process where prices or rates used when selling products or services between parent companies, divisions, departments, or subsidiary (SMULLEN, 2001). It exists when two related companies (the parent company and a subsidiary) trade amongst each other. For example, a US based subsidiary of Coca-cola trading with an African subsidiary of Coca-cola. When such subsidiaries engage in price establishments for a transaction the results are transfer pricing.

WITTENDORFF (2010) provides that in transfer pricing the prices set for the exchange may be the original prices set for the products or the original purchase price or a rate reduced to cater ...

Nursing is a profession like any other that has issues and problems that make the nursing department not to be able to give its maximum in terms of performance. The main problem that this paper is going to look at is related to staffing of the department of nursing. One of the main problems is that most of the hospitals are understaffed. This usually affects the hospitals’ as health care facilities and it also affects the patients themselves. It is important to look into this problem and also come up with solutions to it because it improves patients’ safety. We ...

During the last three months of studying final success plan, I have learned several things about myself and my academics. First I have learned that despite the fact that I wanted to pass my exams and have a successful live in the future I have not been working towards this long term goal. I spent most of my time in class and sleep. I have not been working towards my long term goal of succeeding in life because I have not been managing my extra time properly. I have been attending class as recommended by the college, ...

Introduction

Civic engagement entails the various ways that the residents of a place are involved in so as to better the living or welfare conditions of others. This is aimed at shaping as well as determining the future of that particular community. Traditionally, civic engagement has been viewed and limited to the youth but successful community development projects have reflected the importance of involving every stakeholder. Precisely, civic engagement is the making of a difference by combining the efforts and skills of the community members then allocating them the necessary resources to make that difference. This is in an effort to promote ...

Public budgeting provides reflections on government usage of money – the primary source of which are taxpayers. Government expenditures clearly define the purpose of public budgets, as deliberated through various decision-making processes influenced by a great variety of actors. In The Politics of Public Budgets, Irene Rubin provided notable features of public budgeting. She said that public budgeting is characterized through the (1) diversity of the actors involved, (2) open nature of the budget, (3) usage of mechanisms ensuring accountability to the public, (4) constraints provided by law, public opinion, and the like, and (5) the difference between ...

In the traditional methods of absorbing overheads, the costs were allocated to the various products based on the production output, sales, head count or the square foot occupied by product operations. There are several disadvantages of traditional methods. First of all, it leads to under costing and over costing of the products. Due to the arbitrary allocation of overheads by sales or production output, the company is not able to see the hidden costs and profits of the different products. It also distorts profitability analysis. Furthermore, it causes the manager not to pay attention or particular detail to the ...

Part 1

In April 1999 The National Institute for Health and Clinical Excellence (NICE) was built as a Special Health Authority to advocate and further the clinical quality and effectiveness of the resources in the NHS. NICE is an independent organization in charge for stipulating national guidance on the advocacy for good health, prevention and medication of illnesses (Chidgey, Leng, & Lacey, 2010). NICE has given a set of guides for the users of National Health Services to follow. The responsibility of NICE is to improve outcomes for people utilizing NHS and other public health services (NICE, 2013). The coverage of the organizations functions ...

Comprehensive outline

1. Introduction a). Significance of public health in the social, political and commercial growth of the country. b). Thesis: The paper shall explore the significant differences between public health problems in the two regions, and the best strategies of solving them. 2. Question 1 a). In many countries, there are potholes in public health that are as large as buildings. b). Haiti is spelled out as the poorest country with poorest health care record in the Western hemisphere. c). There are also programs that change the manner nurses are trained and educated in U.S. In United States, ...

- Introduction Project management is practiced by organization to achieve to temporary goal associated with the completion of the underlying project (Meredith & Mantel, 2012). The concept can be further elaborated as project management refers to manage and complete an assigned task to achieve unique outcomes with given resources, (Lewis, 2002). The project is developed and undertaken to achieve the goal of expansion in the company’s product by producing larger touring motorcycles with larger motors to cater new markets abroad. Aligning with proposed strategies to the management for producing larger motorcycles, the paper presented below will solely consider ...

Personal Finance: Creating a Budget

I thought that it would be a simple and straightforward thing to prepare my personal budget. While it was easy to register the monthly income and estimating other categories of income, computing the expenses was the most challenging thing (Freeman and Media, 2014). I had to review my budget several times before I was satisfied with the final budget. After entering the monthly income from my monthly salary and other expected incomes from parents and relatives, I started thinking of the items that involve fixed costs for instance, house rent, education loan, car insurance and the rest. Expenses of fixed ...

Risk profile

As the world keeps changing, the needs of people also change. This means that the way investments are done in the new world should also change so as to meet the global portfolio. The risk analysis determines the global portfolio that most of the investors are putting along during their investment (Tung, 2014 p.102). Asset allocation such as mix of bonds, money market account, and real estates are some of the example of how investments are done in the new world. Before making any investment, it will be crucial if one conducts the personal risk analysis and then compare ...

Introduction

Modernization and advancement in technology have enabled the world’s health care organizations to provide better quality services. Many health care service providers have risen in the process, with majority being profit oriented. However, there are several non-profit health care organizations that are committed to serving human health care needs without incurring any profit in the process. This essay will explore the operations of “Banner Health”, a national healthcare system found in more than twenty states in the US. The focus is to provide an analysis of the organization’s strategies and readiness in providing better health services for citizens ...

Introducing the Scenario

Investment analysis is always been a challenge for the analysts, as it has a large trade-off related to return and risk. The management of investment is a topic which is high in demand from number of years, as it has the most important significance associated with it, which is yield. In the field of financial management, a yield is referred as an output or return which ultimately emerged as one of the essentials for the analyst or a researcher (Chandra, Comora & Cole, 2003). There are two different kinds of investors are there, Active Investor and passive investor. An Active Investor is an investor ...

Essay on

Throughput accounting Constraints Management is more about logical thinking and finding based on throughput accounting. To start with the management, we need to look at accounting formulas to calculate exact revenues used for the business. The purpose of this accounting formula is to have clear measurements that include revenues minus expenses = net profit. Whereas, net profit/ assets deployed = return on investment. However, cash flow = cash income minus cash expenses. Here comes “local decisions” for constraints management by considering accounting as a base. The “local decision” has consisted over money making policy. In which it include; the right mix ...

Abstract

Gender disparity at the workplace in the USA has been largely described as one that favors the male gender over the female gender. This paper presents statistics in the labor market of the USA discussing the differences between jobs dominated by males and females. Further, it analyses the role of the manager in allocating gender-related responsibilities at the workplace. The findings of the discussion are such that the female gender in the United States of America is well known for working in jobs that are majorly clerical and in education. On the other hand, the results indicate that men ...

Part One: Analysis of the Military

The military is a key area that deserves to be given substantial attention in terms of the nature of the choices made by the leadership. The military leadership should be robust and should only further courses that promote learning and improvement within the defense entity. Questions as to whether the military entity is a perfect learning organization has been posed to by many critics. Criticism has clouded the operations of the army as to the credibility of their activities and operations in the war fields. Many lives of soldiers and innocent civilians are lost in absurd circumstances. The situation is not ...

The education system in California State, just like other states depends on policies enacted by the state. Today, many citizens and interested parties feel that the education system in this state does not meet the social or economic expectations. Normally, education policies define quality of education and influence directly or indirectly the lives of students, educators, employers, or parents. California State should consider revising its education policy in order to meet the expectations of the educators, students, parents, and other interested parties. Some of areas which require policy include allocation of learning resources to the students. Imperatively, the state ...

Introduction

Many business organisations have problem in converting their excellent strategic plans into action. It is estimated that more than sixty percent of business strategies are not successfully implemented (Barrows, Ed. 2014). But it is possible to make a successful implementation of a strategic plan if the key people in the organization consciously contemplate the plan and work together. Working out the plan is the key in strategic execution. Though there is no single way to execute the strategy there are certain principles that are presented by consultants and researchers such as Ram Charan, Michael Porter, Gary Hamel, Jim Collins, Clayton Christensen, ...

Allocating Fixed Costs

Allocating Fixed Costs Activity Based Costing (ABC) is different from the other traditional costing methods. The traditional costing methods, such as marginal and absorption costing methods, has only two absorption basis. These two absorption basis for the allocation of overheads are labor hours and/or machine hours. However, in Activity Based Costing, every cost unit has a separate cost driver to allocate the overheads more effectively and efficiently. The activity based costing is a more refined method of allocating the overhead costs and separate the loss making products from the profit making products. Therefore, as compared to the traditional costing methods, ...

How has the composition of government spending changed since the 1960's? Support your answer with examples from the article.

According to Timothy Taylor, government spending has changed since the 1960’s. Back in the 1960’s, government devoted more funds into building various types of capital, therefore, spending more on public investments. However, the composition of government spending has changed since then and according to Taylor, Third Way report predicts that public investments might drop to 5% in a few decades. Taylor reports that the government committed more funds for public investment around 1960’s while locating less funds for entitlements, but government spending has changed in recent times . Back then, entitlements only accounted for 15% of the federal ...

International Human Resource Management

Question one International Human Resource Management is the interplay among three dimensions: HR Activities, Types of employees and Types of Countries (Morgan, 1986). Introduction The world around us has been transferred and transformed by the era of liberalization and globalization as facilitated by advancements on information technology. Basically, the main aim of human resource management (HRM) is enabling the appropriate development of the human resources to ensure that quality culture is maintained and customer’s satisfaction is achieved both on the national level and the global level. (Peters & Waterman, 1992).

Analysis

The proffered analysis depicts a clear insight ...

Reg No

Designation Introduction The critical thinking paper begins with the discussion of health financing concept. The paper explains the process and techniques that will be used in designing the healthcare services package as well as health financing mechanism/s for Province A in country Y. Priority setting and Programme Budgeting and Marginal analysis techniques are discussed in a critical manner and recommended to be the techniques established for the health care package at Province A. Economic evaluation methods are discussed with Cost benefit analysis recommended for the case. The Strategies for implementation of health care system at Province A are ...

Importance of diversifying the investment

Diversifying this $ 100,000 investment will involve allocating funds to a number of financial instruments. The objective of this diversification is to maximize returns from a number of channels, each of which would react differently to a similar event. Diversification of the $ 100,000 investment would enable me to reach my long term financial goals of financial stability. The major importance of diversifying this investment is that I would reduce the unsystematic risk (Kennon, 2010). The business and financial risks on my investment can be diversified. If there are events such as business failure in my company, I would not lose ...

Business project management

Project scope The company, Speed Motors Corporation, is a company that specializes in the manufacturer of medium sized motorcycle cruisers. The company only makes fuel efficient cruisers with single cylinder engines. It has achieved success in producing and marketing motorcycle with the best quality products that suit the needs of the middle-class. The motorcycles have an engine capacity ranging from 500 cubic centimeters to 1000 cubic centimeters. The one cylinder engines are compact and simple. They deliver optimal power within a given cover. However, these engines have their limitations which make them become less desirable to motorbike lovers. They have a ...

Introduction

Risk and risk factors are some of the threatening entities of a functioning firm or company. The risk-management process involves the systematic application of management policies and practices as well as procedures, with the intention of establishing a context of communication and consultation with relevant stakeholders. The treatment, monitoring, and reviewing of risks also comprises of identification, analysis, and evaluation. A risk is the possibility of a loss or other adverse event that has the potential to interfere with an organization’s or individual’s ability to fulfill its or his/her objectives. Risk identification ensures that an organization or the individual identifies ...

Leadership Traits and Skills of a Construction Leader

As a construction leader, it is imperative for a person to develop skills that will help him or her succeed in leadership. I would like to develop into a construction leader, making effective decisions and influencing growth at all levels of leadership that I will serve. Research shows that many construction leaders have failed in their leadership areas in the last thirty years. People peg the reasons to their failure to different atrocities that they committed during their leadership times but these events do not sufficiently justify the failure (Meng, Berger, Gower & Heyman, 2012). The reality is that leaders often fail due ...

The concept of equality comes in the picture when the debate about human worth and human rights is initiated. Equality champions often come up with mottos that claim that all human beings are equal and therefore they deserve equal treatment. On the other hand, counters of equality claim the equality is the enemy of incentive and creativity. Given the two notions, we wonder what is meant by equality. Equality is a term that indicates a quantitative relationship. It indicates connection between a group of different persons with similar qualities in at least one aspect and corresponds itself in all its features. The ...

The direct distribution methodology is all about allocating costs to the cost centers. The allocation of indirect costs is the responsibility of the executive management and of the financial staff. At the same time the department directors are required to monitor and control costs. This method allocates indirect costs generated by non-revenue cost centers to the revenue cost centers. In the context of Table 4 – 1, the rehabilitation non-personal costs of $10, 272, is the non-revenue costs allocated to this particular cost center. The non-revenue cost center or cost pools that contribute costs to the revenue center are ...

A Systematic Review Of Low Back Pain Cost Of Illness Studies In The United States And Internationally.

Introduction The medical challenge in the part of low back pain (commonly abbreviated as LBP) is on an increase. Due to requirement of attention it costs the economy dearly where the value of cost is in both time and money. Diagnosis methods and equipment, and medical improvements have been seen, but still LBP remain a menace, with the worst part being that number of patients are increasing per unit time. Developed countries face the problem of an equal magnitude to that of developing countries in this. America is also facing an economic challenge due to LBP even after large ...

Analysis of education policy in the USA

Analysis of education policy in the USA Promoting diversity is one of most important issues in education worldwide. Complexity of elaborating on promotion of diversity in education lies in the fact that various types of diversity are singled out with respect to different criteria, namely language, cultural, epistemological and social diversity (Tchibozo, 2012, 3).Furthermore, supporting diversity requires comprehensive alignment of such strategic actions as establishing benchmark criteria and institutions for diversity, continuously improving institutional climate with regard to the needs of the students with different backgrounds and experiences, emphasizing diversity in institutional leadership, coordinating diversity-related projects, led ...

Allocating Fixed costs

Fixed can be described as those costs the form or organization incurs whether or not it is producing any goods or services in the current period. In simple terms, costs that do not decrease or increase with change in production. They are only affected by structural changes or changes in the rate of inflation (BPP, 2013). Fixed costs are only variable in the long run but constant in the short run hence their name fixed costs. Allocation of cost can be said as the process of aggregating, identifying costs and allocating cost to cost entities. Hence, allocation of fixed ...

William F. Willoughby. The Movement for Budgetary Reform in the States, 1918 Thesis: According to William, there are several problems encountered when making a budget. The government and the states’ Union have taken measures to introduce a budgetary system. William traces the origin of the association pushing for budget reforms in America. The body of the article gives a detailed description of the steps that each state has taken towards these reforms. Several states have assumed budget laws; this is the most significant contribution of the article to budgetary reforms. “A new spirit in American politics is manifesting itself in ...

Describe and provide specific examples of direct and indirect costs. Describe the importance of using appropriate drivers for allocating indirect costs. What is the risk of using an inappropriate driver when allocating costs? What is the potential impact of various cost allocation methods on employee motivation? There are two kinds of costs in the manufacturing which are classified on the base whether they attribute to the production or not. Direct costs refer to those costs which are directly linked to the object in production which is known as the cost object. cost object can be any project, product ...

U.S. GAAP versus IFRS.

ABSTRACT

There are notable differences between the International Accounting Standard Boards and the Financial Accounting Standard Boards models of accounting for income tax. Efforts to harmonize the two standards through the Exposure Draft were dropped in 2009 and have not been reviewed thereafter. In 2012, SEC staff provided a final IFRS framework that outlined its efforts and findings but did not provide any conclusions or recommendations for any actions. The difference between IFRS and US GAAP remain significantly felt in many areas and are of major interests to users of financial statements. The main areas of comparison ...

The case study demonstrates that the company has gained a lot from the implementation of SAP Business Objects BI provided for Infosys. The first outcome that is clear for the company is the universal access to information at all levels. There is a lot of demand for reports and other services which sometimes become complex for the company to handle. The platform has enabled them to be able to share information internally extremely fast. Users are also able to get the information they need in opportune time in a manner that they wanted their reports to appear. The platform has eliminated ...

An operating systems are is the software that serves as the mediator between the user's hardware and the applications he uses. It is responsible for controlling the hardware resources like the memory, the processors and the storage space available. It serves as the coordinator of all the activities done by the computer. If an airport can't function without an airport traffic controller, a computer will not be able to deliver unless an operating system is installed and functioning. An operating system can either come with a new computer unit purchased or it can be bought separately. After bootup, you usually see ...

Introduction

The REA model is an accounting model that was presented by William McCarthy for the first time and later on elaborated in a variety of ways by many researchers. This is essentially a method that helps in capturing information pertaining to the economic phenomena. The REA model basically defines a business as a blend and collection of economic resources, events and agents and also relationships between these three. Even though this model was recommended as an outcome of the study of various theories of accounting, it can possibly also be applied to numerous other domains of businesses and industries. For instance, REA model ...

Introduction

This paper explores the various forms of economic systems and their methods of allocating resources. Economic resource allocation seeks to achieve economic efficiency in all dimensions of resource allocation among the various economic actors within any economic set up. The major focus will mainly entail the command economy as well as the market system of economy. A market system of economy, normally known as capitalism or free economy is a system of resource allocation in which the factors of production are allowed to move freely, the economy is allowed to operate freely without intervention from the central governments. It is ...

Introduction

No matter the line of business, the most significant aspect beyond producing revenue should be the motivation of its employees. Managers are continually faced with the challenge of motivating a workforce to do two things. One challenge is motivating employees to work towards ensuring that the organization accomplishes its goals. The other challenge is motivating employees to work towards accomplishing their own individual goals. Having employees who are successful and satisfied increases the productivity of a company, creates an environment for the proliferation of new ideas and ensures better job skill performance. This is because employees who are happy and satisfied ...

Team roles and management

Allocation of tasks within a group depends on factors such as; project being undertaken, the size of the group and the professional qualifications as well as the skills of individual members in a particular group (Forsyth, 2009). Having the knowledge of the required activities to be undertaken in our group, and considering the number of individuals present in the group, the group embarked on sorting out the tasks and allocating the tasks to group members based on their skills and qualifications. Individuals were therefore required to carry out multiple tasks but in succession in harmony with other members. The members of ...

In business, property refers to an asset that is used to generate business income. Property like, most assets, is associated with several costs so that it may remain relevant to the business in the long term. For example, an entrepreneur with buildings or rental houses will incur maintenance costs on these houses as is required by law in any landlord-tenant relationship. This may involve repair of windows, painting of walls and provision of basic amenities. These are costs or expenses to that person’s business. It may appear that these costs increase the value of the asset and ...

The cost accounting system that an organization chooses to use is determined by many factors. Key among the determining factors is the business the organization carries out. For instance, an organization offering services and having distinct jobs for its workforce will elect to go by the job order costing system of accounting (Shim & Siegel, 2009). On the other hand, an organization dealing in the production of goods, especially identical units, will opt to use the process costing system of accounting. In simple terms, the products of the organization are the determinants of the system since costs relate directly to ...

Chemistry

Thermodynamics of Refrigeration

In the olden days winter was the best time of the year for cold drinks, sorbets and ice creams because ice was readily available. Without a thorough understanding of thermodynamics our communities might have to be brought their ice in an ice wagon just like in the olden days. The laws of thermodynamics were developed by scientists and used when processes of the Industrial Revolution were developed. The physics of heat transfer are applied in order to transfer heat away from the portion of a refrigerator or air conditioning that needs to continually cool the air. Now the ...