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Answers: 1.Bench Marking To assess the financial strength of the different entities and industries norms benchmarks are used. There are different of ways of assessing the positions of company performances. ( Orlova and Afonin, 2015). Difference between types of benchmarks: In house benchmarkingis an assessment of a business course to a similar course inside the group. Competitive benchmarkingis a direct participant-to-participant comp...Read More
Answer: Activity-based costing is a costing strategy used by business houses or industries to assign indirect costs to their products; or disburse their income or expenses to different business operations. The activities are often under the head direct costs; however, the allocations are made as a ration of the sales of the total sales. In this system of costing the total pool of cost are being allocated to different activities and then those ...Read More
Answer: 1.a. Deontology can be regarded as an ethical theory or perspective and it is based on obligation or duty. More specifically, a deontological theory refers to a theory where the moral obligations of duties are considered as self-evident including intrinsic value and there is not any need to provide justification. As per this theory, the evaluation of the moral actions is done based on inherent wrongness or rightness rather than the pri...Read More
Answer: 1: According to the efficiency perspective, the contractual agreements are formed to minimise the expected conflicts of interest and related agency costs between different individuals associated with the business operations of an organisation. With the help of such contracts, the future transactions could be minimised and as a result, the value of the firm increases (Alayemi, 2015). Since these agreements are formed for minimising future...Read More
Answer: Introduction The aim of the report is to evaluate an accounting information system for Aspen Pharmacare Company, which is an Australian Company working in medicinal sector, as a part of management consultancy team working to provide best management guidance in order to take client’s company to new heights. The chief objective of this report is to determine major functions and operations of Aspen Pharmacare in order to design ac...Read More
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