Power of the American President Essay - 596 Words

Power of the American President The Founding fathers of America believed in a separation of powers, a system of checks and balances and a federal system of government. That way power would be diffused and decentralised and tyranny would be avoided. Implicit in the constitution is the principle of checks and balances. This refers to the belief that the founding fathers had that no one branch of the constitutional and government system would dominate the rest. Thus President and congress often have to approve the appointments and actions of each other, with the supreme court in the background protecting the integrity of the constitution. There the president is not all powerful. After Watergate,†¦show more content†¦The president has the constitutional power to recommend bills to congress and manage the governments budget, to make treaties with foreign states and direct federal administration. As well as being head of the executive branch - with jurisdiction over the government bureaucracy - he was also to be the commander and chief of the armed forces. The growth of presidential power during the course of the 20th century has certainly been great, but has not been absolute, and the presidents powers are limited in many respects. The presidents powers under the constitution may have expanded but as have the congress and the courts and therefore the president still has to work within a separation of powers. Even with a friendly majority in congress, presidents proposals may be rejected or amended. The president may be the head of an economic super power, but it is not the only super power in the world, and domestically that power is not solely the white houses. Within the US a degree of economic power has been asserted by congress, and always the multinational organisations constitute a formidable power beyond that of the president. 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Intelligent Risks Essay - 511 Words

Taking intelligent risks in life is very important because if the risk that you take is deemed intelligent, then you can only be benefiting. The risk you take has possible outcomes and they must be determined before you decide to take the risk or not. To determine the outcomes, you must make every outcome a possibility because in a risk, anything can happen. When taking an intelligent risk, you must also realize that it doesn’t have to be a drastic risk. Taking intelligent risks in life can be deemed intelligent if the positive outcomes overweigh the negative ones and should be taken. Taking intelligent risks are good for several reasons and they must be analyzed. When taking a risk, there are many things to consider. You should†¦show more content†¦A risk deemed foolish is when the possible outcomes are substantially not in your favor or interest. An intelligent risk is when you know and understand the severity of the risk and when the outcomes will be good and no h arm will be done. 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Small-Medium Enterprises Responsibilities for Traditional Cost

Question: Discuss about theSmall-Medium Enterprises Responsibilities for Traditional Cost. Answer: Introduction For the past decades, activity-based costing (ABC) has enabled operations of different organizations in the free marketplace around the international places to identify the actual charges of processes along with products. The idea helps most companies within the markets to arrive at sound decisions that relate to the profitability along with expenses of the different products that they produce (Berry, 2014). It also allows the companies to achieve the effectiveness of their process that deals with business operations together with manufacturing of essential commodities for their consumers. According to Dwivedi Chakraborty (2017) activity-based costing has been the vital factor in enabling various small medium enterprises and other big companies to achieve as well as maintain competitiveness in the international markets of the current century. Furthermore, activity-based costing has received successful implementation in different firms and presently investigators are presently findin g that the focus on ABC can be essential in the creation of a competitive edge in various enterprises that range from small to medium that in turn represent close to ninety-seven percent of all permanent, full-time employment opportunities (Palaiologk et al., 2012). Therefore, the objective of this research proposal is to examine the Small-Medium Enterprises Responsibilities and Activity Based Costing (ABC) or Traditional Cost Accounting. Ideas presented in this article discuss issues that relate to the implementation of activity-based costing within business operations of the small medium enterprises. The ideas on this research paper concentrate on the potential for small, medium enterprises to develop in revenue as well as competitiveness by adopting activity-based costing. The ideas presented on this paper begin by the process of describing the importance of small medium enterprises that refer to the civil society builders in the world by the European Parliament in economies of free markets and the crucial vital of supporting their development (Dwivedi Chakraborty, 2017). Activity-based costing remains to be the means for different small medium enterprises to attain cost savings along with transparency in their operations that can assist them in achieving competitiveness in the international markets. Aim of research The principal focus of this investigative paperwork is to examine the Small-Medium Enterprises Responsibilities and Activity Based Costing (ABC) or Traditional Cost Accounting (Seto et al., 2012). The paper aims at the examination of different issues that relate to the implementation of activity-based costing within business operations of the small medium enterprises. Objectives of research To analyze the effectiveness of using traditional cost accounting (TCA) in SMEs To investigate effectiveness of using accounting based on activity (ABC) within SMEs To assess benefits of using accounting based on activity (ABC) within SMEs To assess the limitation of using activity-based accounting (ABC) in SMEs To recommend various strategies for minimizing limitation of using activity- based accounting (ABC) in SMEs Literature Review Firms that are large in size, multinationals, and high-profile tend to receive the overwhelmingly more significant amount of media attention and recognition of the name, but as the following facts show the role of small to medium firms. Various small and medium-sized organizations face severe operational challenges to remain competitive (Farr et al., 2016). These firms always need to focus on the process of developing appropriate strategies to enable them to control their costs of operations in the global markets. Seto et al., (2012) laments that, activity-based costing holds different importance over the use of traditional costing accounting (TCA) within activities of small, medium enterprises. For instance, ABC has the ideal advantage over TCA since it allows individuals who are responsible for financial management in an organization such as SMEs to concern with activities that relate with the causal influence of connection among distributors and expanded resources (Jovanovic et al ., 2014). ABC within operations of SMEs increases the accurateness of allocation charges, the costs along with profit facts about sustainability, and the capability of update system of accounting within activities of firms. Activity-based accounting remains to be an essential factor in operations of different companies around the global society. It offers the greater provision of various factors that include operations, finances, together with strategies for making the ideal process of attaining operational decisions. Therefore, through ABC, financial managers tend to have the perfect chance that helps in integrating ABC more effectively into the process of planning (Ibrahim et al., 2018). The use of ABC remains to be vital in budgeting for operations of SMEs by allowing them to be more improvised as well as the sophisticated support of financial standings that help in improving the strategic process of manufacturing different products that suit needs and demands of consumers (Turkau et al., 2016). For instance, with the present explosion in growth of population, over six hundred employment opportunities are required in the coming fifteen years to help in absorbing the growing global workforce indiffere nt places around developing nations. Research methodology Clear and concise objectives have been created for the research, and the study will utilize. This survey will receive appropriate formulation process around deductive approach for exploring the accounting theories. Seto et al., (2012) indicated that, data collected for the investigation will not be influenced to manipulate the research outcome. The current research will be molded using the detailed design for interrelating with the research participants and the collected data. Secondary analysis is necessary for the present study as the secondary data will be collected from various secondary sources (Suthummanon et al., 2011). Some of these sources will include books, journals, and websites, which must be updated and of reliable authors with valid arguments and evidence tailored to the current study regarding traditional cost accounting (TCA), activity-based accounting (ABC) and the preferred accounting system for the SMEs. Research Approach The chapter offers the detailed highlights on the methodological approaches applicable in the study regarding traditional cost accounting (TCA), activity-based accounting (ABC) and the preferred accounting system for the SMEs. It also shows the approach used to get information of advantages of ABC on operations of SMEs (Sharafi et al., 2012). The method applicable comprise of the research design that is usable, techniques of sampling, collection of data, size of sampling, instruments utilized for investigation procedures, quality control, analysis of data collected, along with ethical issues during the investigation. Since the study is more empirical, initial step of the study will concentrate on the collection of secondary information that will receive the backing by primary survey. Both quantitative as well as qualitative study plays a key function in this business study (Stockton et al., 2013). The idea of using both methods of investigation will enable the surveyor to analyze and evaluating traits and thinking of defendants. Given the scenery of investigation, both proper qualitative information collections by the use of questionnaires well structured will be deployable. The targeted marketplace analysis of ABC among SMEs for this survey will highlight the factors that are most prominent influential that is internal as well as external motives along with push with pull factors in operations of different firms. As stated by Sharafi et al., (2012), the method applied can then aid in establishing different factors that affect perceptions of people on importance of activity based accounting on operations of small medium enterprises. The sample size will include ten small medium enterprises to collect information regarding importance of activity based accounting over traditional cost accounting in their operations. The duration that will be applicable for the conducting of this study will be three months that the surveyors will focus on how small medium enterpri ses operates in relation to ABC. The methodology will tend to address the lack of survey, benefits that ABC has over TCA in SMEs. Conclusion From this research, the crucial role of SMEs in free marketplace economies around the globe along with the potential for activity based coasting toward supporting operations of SMEs to become and remain competitive in the international economy will be attained. The framework presentation of the research will help in identification several factors both negative along with positive that influence the implementations of activity-based costing and their outcomes in SMEs. Ideas presented in this research paper are essential in providing the model that is efficient for future investigations of ABC over TCA in supporting operations of SMEs globally. Besides, coming examination can apply the framework to compare together with the different implementation of ABC in the variety of types of SMEs firms compared to the application of ABC in the same sector of the industry. The outcome can be essential in investigating different kinds of software that can most efficiently support the process of im plementing activity-based costing over traditional cost accounting. References Berry, P. J. (2014). Starting with ABC and finishing with XYZ: what financial reporting model best fits a faculty and why?. Journal Of Higher Education Policy Management, 36(3), 305-314. doi:10.1080/01587919.2014.899048 Dwivedi, R., Chakraborty, S. (2017). Strategic decision making for a footwear industry using activity based costing and value chain models. Leather Footwear Journal / Revista De Pielarie Incaltaminte, 17(3), 119-128. doi:10.24264/lfj.17.3.1 Farr, J. V., Faber, I. J., Ganguly, A., Martin, W. A., Larson, S. L. (2016). Simulation-based costing for early phase life cycle cost analysis: Example application to an environmental remediation project. Engineering Economist, 61(3), 207-222. doi:10.1080/0013791X.2015.1062582 Ibrahim, R., Nur, A. M., Zafirah, S. A., Aljunid, S. M. (2018). The Cost of Radiology Procedures Using Activity Based Costing (ABC) for Development of Cost Weights in Implementation of Casemix System in Malaysia. Malaysian Journal Of Health Sciences / Jurnal Sains Kesihatan Malaysia, 16(1), 155-162. doi:10.17576/JSKM-2018-1601-19 Jovanovi?, D., Janji?, V., Jankovi?, M. (2014). The impact of company size on the implementation of contemporary cost accounting systems: The case of Serbia. Teme: Casopis Za Drutvene Nauke, 38(3), 1095-1114. Palaiologk, A., Economides, A., Tjalsma, H., Sesink, L. (2012). An activity-based costing model for long-term preservation and dissemination of digital research data: the case of DANS. International Journal On Digital Libraries, 12(4), 195-214. doi:10.1007/s00799-012-0092-1 Seto, K., Marra, F., Raymakers, A., Marra, C. A. (2012). The Cost Effectiveness of Human Papillomavirus Vaccines. Drugs, 72(5), 715-743. Shander, A., Ozawa, S., Hofmann, A. (2016). Activity-based costs of plasma transfusions in medical and surgical inpatients at a US hospital. Vox Sanguinis, 111(1), 55-61. doi:10.1111/vox.12386 Sharafi, P., Hadi, M. S., Teh, L. H. (2012). Heuristic Approach for Optimum Cost and Layout Design of 3D Reinforced Concrete Frames. Journal Of Structural Engineering, 138(7), 853-863. doi:10.1061/(ASCE)ST.1943-541X.0000508 Stockton, D., Khalil, R., Mukhongo, L. (2013). Cost model development using virtual manufacturing and data mining: part II-comparison of data mining algorithms. International Journal Of Advanced Manufacturing Technology, 66(9-12), 1389-1396. doi:10.1007/s00170-012-4416-5 Suthummanon, S., Ratanamanee, W., Boonyanuwat, N., Saritprit, P. (2011). Applying Activity-Based Costing (ABC) to a Parawood Furniture Factory. Engineering Economist, 56(1), 80-93. doi:10.1080/0013791X.2010.549936 Trkay, M., Sarao?lu, ., Arslan, M. C. (2016). Sustainability in Supply Chain Management: Aggregate Planning from Sustainability Perspective. Plos ONE, 11(1), 1-18. doi:10.1371/journal.pone.0147502