A group in which a manager, often subconsciously, classifies team members as either
untrustworthy, unmotivated, or incompetent. This group's work is often restricted and
unchallenging. Group members tend to have less access to the manager, and often
don't receive opportunities for growth or advancement. (Theory X)
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Out-Group
Bridges the gap between the income statement and the balance sheet.
Arrangement depends on type of organization:
Proprietorship: Statement of Owners Equity
Partnership: Statement of Partners Equity
Corporation: Statement of Stockholders Equity
In addition, it contains: Investments by Owners and Distribution to owners
,Give this one a try later!
Statement of Equity or Statement of Retained Earnings (Capital)
Division of Labor, Authority, Discipline, Unity of Command, Unity of Direction,
Subordination of Individual Interests to the General Interest, Remuneration,
Centralization, Scalar Chain, Order, Equity, Stability of Tenure of Personnel, Initiative,
and Esprit de Corps
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14 General Principles of Management
Beginning Inventory + Purchases = Goods Available for Sale - Cost of Goods Sold
(COGS) = ending inventory
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Basic Inventory Equation for Ending Inventory
Public Company Accounting Reform and Investor Protection Act
Adopted by congress in 2002 to address the loss of corporate regulations necessary
to protect the public. Also to addresses the loss in confidence in financial reporting
and corporate ethics.
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, Sarbanes Oxley Act
Represents the number of times inventory is sold and replaced. Take note that some
authors use Sales in lieu of Cost of Sales in the above formula. A high ratio indicates
that the company is efficient in managing its inventories. (Operating/Efficiency Ratio)
_____ = = Cost of Sales / Average Inventory
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Inventory Turnover
A strategy used to cut expenses with the goal of becoming a more financial stable
business by reducing the diversity or the overall size of the operations of the
company.
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Retrenchment
Attributing our successes to internal factors and our failures to external factors.
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Self Serving Bias
, The process of designing, creating and marketing new products or services to benefit
customers.
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Product Development
Determines the portion of total assets provided by equity (i.e. owners' contributions
and the company's accumulated profits). Equity ratio can also be computed using the
formula: 1 minus Debt Ratio. (Leverage Ratio)
_____ = Total Equity / Total Assets
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Equity Ratio
When a company's operations are brought to an end, and its assets are divvied up
among creditors and shareholders, according to the priority of their claims because
said company can no longer pay its obligations.
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Liquidation
Measures whether or not a firm has enough resources to pay its debts over the next 12
months. (Liquidity Ratio)
untrustworthy, unmotivated, or incompetent. This group's work is often restricted and
unchallenging. Group members tend to have less access to the manager, and often
don't receive opportunities for growth or advancement. (Theory X)
Give this one a try later!
Out-Group
Bridges the gap between the income statement and the balance sheet.
Arrangement depends on type of organization:
Proprietorship: Statement of Owners Equity
Partnership: Statement of Partners Equity
Corporation: Statement of Stockholders Equity
In addition, it contains: Investments by Owners and Distribution to owners
,Give this one a try later!
Statement of Equity or Statement of Retained Earnings (Capital)
Division of Labor, Authority, Discipline, Unity of Command, Unity of Direction,
Subordination of Individual Interests to the General Interest, Remuneration,
Centralization, Scalar Chain, Order, Equity, Stability of Tenure of Personnel, Initiative,
and Esprit de Corps
Give this one a try later!
14 General Principles of Management
Beginning Inventory + Purchases = Goods Available for Sale - Cost of Goods Sold
(COGS) = ending inventory
Give this one a try later!
Basic Inventory Equation for Ending Inventory
Public Company Accounting Reform and Investor Protection Act
Adopted by congress in 2002 to address the loss of corporate regulations necessary
to protect the public. Also to addresses the loss in confidence in financial reporting
and corporate ethics.
Give this one a try later!
, Sarbanes Oxley Act
Represents the number of times inventory is sold and replaced. Take note that some
authors use Sales in lieu of Cost of Sales in the above formula. A high ratio indicates
that the company is efficient in managing its inventories. (Operating/Efficiency Ratio)
_____ = = Cost of Sales / Average Inventory
Give this one a try later!
Inventory Turnover
A strategy used to cut expenses with the goal of becoming a more financial stable
business by reducing the diversity or the overall size of the operations of the
company.
Give this one a try later!
Retrenchment
Attributing our successes to internal factors and our failures to external factors.
Give this one a try later!
Self Serving Bias
, The process of designing, creating and marketing new products or services to benefit
customers.
Give this one a try later!
Product Development
Determines the portion of total assets provided by equity (i.e. owners' contributions
and the company's accumulated profits). Equity ratio can also be computed using the
formula: 1 minus Debt Ratio. (Leverage Ratio)
_____ = Total Equity / Total Assets
Give this one a try later!
Equity Ratio
When a company's operations are brought to an end, and its assets are divvied up
among creditors and shareholders, according to the priority of their claims because
said company can no longer pay its obligations.
Give this one a try later!
Liquidation
Measures whether or not a firm has enough resources to pay its debts over the next 12
months. (Liquidity Ratio)
