Production and Manufacturing Systems
Production and Manufacturing
Production adds value to a good or service through transformation. It amends goods or services to satisfy a need.
Production Examples:
- Copper extraction
- Car assembly
- Rock concert preparation
The Input
Every element undergoing transformation within a system is an input.
Types of Input:
- Physical Information: Raw materials, product preforms, other supplies, accounting, financial, sales data, etc.
- Human Energy: Students, patients, unskilled workers
- Energy Sources: Electricity, oil,
Adjectives in English: Comparative and Superlative Forms
Adjetivo | Comparativo | Superlativo | Español | |
1 | angry | angrier | angriest | enfadado, enojado |
2 | bad | worse | worst | malo |
3 | big | bigger | biggest | grande |
4 | bitter | bitterer | bitterest | amargo |
5 | black | blacker | blackest | negro |
6 | bossy | bossier | bossiest | mandón |
7 | brave | braver | bravest | valiente |
8 | brief | briefer | briefest | breve |
9 | bright | brighter | brightest | brillante, luminoso |
10 | broad | broader | broadest | ancho, amplio |
11 | busy | busier | busiest | ocupado, ajetreado |
12 | calm | calmer | calmest | tranquilo |
13 | cheap | cheaper | cheapest | barato, económico |
14 | clean | cleaner | cleanest | limpio, sano |
15 | clear | clearer | clearest | claro, |
Management Accounting Concepts and Formulas
Management Accounting
The processes and techniques that focus on the effective and efficient use of organizational resources to support managers in their tasks of enhancing both customer value and shareholder value.
Key Concepts
- Costing Techniques: Methods of costing and their applications, covered in Weeks 1-8 of the ACCG2000 course.
- Using Costing for Decision Making: Applying costing information to make informed business decisions, covered in Weeks 9 and 10 of the ACCG2000 course.
- Budget Setting and
Management Accounting Concepts and Formulas
Management Accounting:
The processes and techniques that focus on the effective and efficient use of organizational resources to support managers in their tasks of enhancing both customer value and shareholder value.Costing Techniques:
Methods of costing and their applications, covered in Weeks 1-8 of the ACCG2000 course.Using Costing for Decision Making:
Applying costing information to make informed business decisions, covered in Weeks 9 and 10 of the ACCG2000 course.Budget Setting and Evaluating
Sampling Methods in Research: A Comprehensive Guide
UNIT 5: Sampling – Concept and Classification
Population and Sample
Population refers to the entire group you want to gather information about (e.g., individuals, families, households). A sample is a subset of the population selected to represent the whole. Information gathered from the sample is used to make inferences about the population.
Sample selection is done through a process called sampling, which depends on the chosen research technique. A sample must be representative, meaning the characteristics
Read MoreBond Risks and Duration Management
Bond Risks
Interest Rate Risk
Interest rate risk (price risk) is the change in the market prices of bonds due to varying interest rates.
- Bond prices and interest rates are inversely related.
Reinvestment Rate Risk
Reinvestment rate risk refers to the uncertainty surrounding the rate at which interim cash flows (e.g., coupon proceeds) can be invested.
- The higher the coupon or holding period, the higher the reinvestment rate risk.
- If interest rates go down, your interest on reinvested interest will decline.