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- This can happen because cash flow and earnings potential, both commonly known as cows and dogs, contribute to self-fulfuelling propheciesExplain the concept of zero-based budgeting and its application to sales forecasting.What strategies can organizations implement to optimize their financial contribution and enhance overall profitability?
- Opportunity cost is all about making choices and how adequately and effectively manage it. What do you understand by the concepts of intra and inter temporal choice models in managerial economics?How can Aristotle's principle of the Golden Mean be used in business?What role does managerial economics play in shaping business decisions?
- Based on your reading of Commentary on Earnings Management by Schipper (1989) answer all the following question: •Explain how earnings management from an informational perspective differs from the true income perspective.Assuming you are already working and earning money for your self how would you spend your hand earned money? In your answer sheet indicate how many percent of your income you would allocate for each of the following.From a biblical perspective, how can the food and beverage industry improve production practices and/or how costs are managed to improved profitability?