by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
Update Table of Contents Product Costs Recorded in the Financial StatementsAsset Accounts (Balance Sheet)Expense Account (Income Statement) Product Costs Recorded in the Financial Statements Product costs may appear in any of three inventory accounts as well as the...
by TheBusinessProfessor | Feb 23, 2025 | Managerial & Financial Accounting & Reporting
Key Finance and Accounting Personnel The hierarchy of reporting among accountants in an organization is generally as follows:CFO – The chief financial officer (CFO) While not always an accountant, the CFO is in charge of all company financial information. Much...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Socio-Technical Systems Theory? The socio-technical systems theory states that, when designing an organizational system, both social and technical are important parts of a complex system that must be considered. These elements are...
by TheBusinessProfessor | Feb 23, 2025 | Business Taxation
What is a Tax Write-Off?Write-offs may be used to reduce a business taxable income. For this reason, things such as credits, deductions, and overall expenses become a write-off. There is always a chance for individuals and businesses to claim for certain deductions...
by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing
What goes into an Advertising Plan?What percentage of each media is to be used in your overall advertising package? Television Radio Newspapers Magazines Billboards Public Relations Co-operative advertising with wholesalers/retailers Internet Marketing Other Branding...
by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing
What are the Benefits of Ethical Marketing?There are numerous benefits to both company and society from ethical marketing practices. Some of the primary benefits include: Reputation – Companies that market consistent with ethical norms or expectations build a...
by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing
What are the Risks of Unethical Marketing?Marketing practice entails numerous form of risk for the company and society. The primary risks are as follows: Brand/Image – Unethical marketing affects our brand image in the eyes of consumers. Fines – The...
by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing
Where does Ethics Apply in Marketing?Ethics is important in various areas of marketing including: Sales – Overcoming a history of unethical sales practices. Advertising – Advertise in ways that reflect reality and that that give a real or accurate...
by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing
What is Micro-Marketing?Micro-marketing is the perspective of marketing as a business function. In other words, micromarketing is something that businesses and organizations do in order to succeed. That’s maybe the more common way of thinking about marketing....
by TheBusinessProfessor | Feb 23, 2025 | Principles of Marketing
Why are Ethics Important in Marketing?Marketing might consist of micro-marketing and macro-marketing. Micro-marketing is what businesses do to sell products. That’s what we think of when we hear marketing. But marketing also can be thought of in terms of macro...
