When I started thinking about three key stakeholders of a water utility company, it became a challenge I would never expect. Too many people are interested in it – government, unemployed people, banks, local authorities, and probably I made a wrong choice trying to make a shorter list – please note, these are only my ideas and I will try to explain them.
First, I asked myself without whom this company cannot exist. The answer is obvious: without Affected people such as households, families, and individuals. These people have an extremely high interest in receiving the supply of piped water, as well as in everything that is connected with improving the quality of this service. These people should be catered well; if the quality of the service is bad (e.g., the water is dirty, there is no water during some long periods of time, the fee is too high, etc.) – affected people might do several things, from applying to the court (and, actually, winning the case) to moving in order to change the water utility company.
The other two key stakeholders are the Government and Owners. The government is interested in improving water supply and sanitation services and is responsible for setting taxes, providing opportunities and guidance. The Government sets laws, taxes, and rules – every company must obey them and if it doesn’t, it will lose a lot of money and, probably, won’t exist for a long period of time. The water utility company plays a serious role in the daily life of hundreds and thousands of citizens, and in some cases when something goes wrong the Government can directly regulate how this company works to make sure that affected people are satisfied.
To demonstrate the usage of company products and train employees.
Explanation:
The main purpose of the presentations that Keith is providing to the employees of the software company is to impart complete knowledge of the products to the employees. It is of utmost importance that each employee has complete understanding of the products and services provided by the company and know how to use them.
If any employee fails to understand the usage of the product, he will automatically fail to bring progress to the company as a whole.
In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.
North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.
Diane wants to invest $5,000 but she will not have an active role in the new business. (limited partnership) You prefer to work directly with customers, make decisions, and to do the actual website design. (limited partnership) You will be responsible for signing contracts on behalf of the new business.(limited partnership) Diane will not be liable for any debts.(limited partnership) Diane will not make business decisions and receive 30 percent of the profits. (limited partnership) You will receive 50 percent of the profits plus a small monthly fee for management services. (general partnership) Diane’s name will not be mentioned in any promotional materials about the business. (limited partnership)
<span>Diane will be the limited partner while you will be the general partner.</span>
$35,000 expected overhead / 5,000 machine= 7 dollar per machine hour are spend on overhead
<em><u>applied overhead:</u></em>
4,980 x 7 = 34,860
<u><em>actual overehad:</em></u> 34,700
As the amount of cost enter by the accounting are above the real cost, we are going to increase the manufacturing overhead cost and making the net income lower for this particular reason.
