Financial Administration and Management in Companies
Administration
It is the science and technique designed for the management of resources through the administrative process, aiming to improve a company’s functional efficiency.
Financial Management
It is a technique aimed at securing the financial resources required by a company. It includes control and proper use of resources, protecting assets to plan and control capital management, thus enabling effective decision-making.
Administrator Functions
The financial manager interacts with other areas of
Read MoreQuality Management Tools: PDCA, Q7, and M7 Methods
Quality Management Techniques
PDCA Cycle (Deming Wheel)
The PDCA (Plan-Do-Check-Act) cycle, also known as the Deming Wheel, is a quality-management method that illustrates problem identification and resolution. The core principle is based on continuous improvement:
- Plan: Plan and prepare.
- Do: Implement the plan.
- Check: Monitor and verify the results.
- Act: Take corrective actions based on the findings.
Q7: Problem-Solving Tools
The Q7 tools are a set of basic quality control tools used for problem-solving
Read MoreProduction Function and Logistics: Optimizing Manufacturing Processes
Item 7: Production Function and Company Costs
1. Production Department
Production Function: All activities that produce a good or provide a service using raw materials, machinery, facilities, and manpower.
Features of the Production Department:
- Manufacturing the product
- Provisioning (providing materials, selecting suppliers)
- Storage
- Quality Assurance
2. Production
Product: A good or service produced with a combination of production factors: raw materials, labor (manpower), machinery, facilities, and capital.
Read MoreKey Concepts of Information Systems: Entities, DML, and Advantages
Key Concepts of Information Systems
1. Entity-Relationship (ER) Model
The Entity-Relationship (ER) model is based on a perception of the real world, consisting of basic objects called entities and the relationships between them.
An Entity is an object distinguishable from other objects by a specific set of attributes.
2. Register-Based Logical Models
Register-based logical models describe data in conceptual and physical models. These models specify the overall logical structure of the database (DB) and
Read MorePayroll & HR Skills: Sofia Singh’s Expertise
About Sofia Singh
Good morning, Melissa and Ashley. I hope you’re doing well. Thank you for taking the time to speak with me today. I’m excited for this opportunity.
I am Sofia Singh. I have a Master’s degree in IT and a strong foundation in commerce from my high school studies, where I focused on Accounting, Business Studies, and Statistics.
Professional Experience
- At Logic Digger Infotech, I managed monthly payroll for over 50 employees, ensuring accuracy by following the company’s rules and regulations.
Economic Security: Threats, Crises, and Global Impact
The Role of Economic Crises in International Security
Some traditional security analysts argue that economic security is not directly relevant to the core international security problems of war and organized violence. However, many traditional security issues can be linked to economic factors, such as the role of economic investment and technology in fueling political rivalry, often manifesting as an arms race.
The relationship between weak states and interstate war, particularly in less developed
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