Purpose -To not only help with price quality and reliability and speed of delivery but also to enhance value analysis, make-or-buy analysis and supplier audits and certification. Planning may also be enhanced and assistance may be derived in maintaining ethical standards. Design/methodology/approach -An integration of the managerial accounting and purchasing functions is discussed and illustrated. It is hypothesized that synergy can be gained by the organization and related stakeholders. Findings -The purchasing function in business organizations is becoming increasingly important, and synergies can be gain by integrating the purchasing and managerial accounting functions. Originality/value -By integrating the purchasing and managerial accounting functions, costs can be reduced and quality can be increased.
This study investigates the efficacy of several variables used to predict voluntary, organizationally avoidable turnover even before the student becomes enrolled in a college. Analyses conducted on student applicant data collected in 2 separate colleges confirmed that bio-data, clear-purpose attitudes and intentions, and disguised-purpose dispositional retention scales predicted voluntary, avoidable turnover.Results also revealed that bio-data scales and disguised-purpose retention scales added incremental validity, whereas clear-purpose retention scales did not explain significant incremental variance in turnover beyond what was explained by bio-data and the disguised-purpose scales. Furthermore, disparate impact was consistently small.
Family values may play an important role in shaping the organization of businesses and their efficiency. This paper first addresses the question of Why family firms? Family firms are discussed from the perspectives long-term, substitution, human capital, and politics. The paper then addresses family values and family firms discussing nepotism, legacy, and inheritance norms.
This article is a discussion of the current state of knowledge about optimal monetary policy. The authors contrast basic and applied literatures. The basic literature is explicit about the frictions that generate a positive value for money and make it socially beneficial. The applied literature concentrates on ad hoc constructs. The authors discuss monetary policy lessons from each type of literature, as well as how the two distinct approaches may be usefully combined.
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