ESTIMATING, TENDERING& ENGINEERING SERVICES CONTRACTS
| Institution | TVET |
| Course | DIPLOMA IN BUILDING... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | stephen oyake rabilo |
| File Type | |
| Pages | 131 Pages |
| File Size | 2.1 MB |
| Views | 9829 |
| Downloads | 0 |
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Description
Definition of the term “Law”
There is generally no acceptable definition of the word law. Different schools of Law define it differently. Some important definitions of law include: -
1. Woodrow Wilson, has defined law in the words “That portion of the established thought and habit
which has gained distinct and formal recognition in the shape of uniform laws, backed by authority and power of government”
2. According to Holland, “A law is a general rule of external human action enforced by sovereign political authority”
3. In the words of Salmond, “Law is a body of principles recognized and applied by the state in the administration of justice”.
4. Law may also be defined as” a rule of human conduct, imposed upon and enforced among the members of a given state”.
From the above definitions, we may conclude that law refers to “a set of rules or principles that govern the conduct of affairs in a given community at a given time, whereby machinery is provided for an aggrieved party to enforce his right in case any of these rules or principle is broken.
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ELEMENTS OF COST.
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Elements of costs is a statement that is a presentation of costs data in form of a
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It shows cost incurred under appropriate headings e.g: manufacturing using
company we shall have:
Direct materials + Direct expenses + Direct labour = Prime cost.
Prime cost + Factory overheads (Production overheads) = Production costs.
Production costs + Administrative overheads + Selling overheads + Distribution
overheads = Total costs.
Total costs + Profit = Selling price.
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SERVICE COSTING.
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service costing is the process of identifying all costs associated with building, supporting, and delivering your service. Examples of service cost components include equipment, staff labor, professional fees, software, license fees, and data center charges, to name just a few.
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ABSORPTION OF OVERHEAD.
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This is charging of overhead to cost units.
After determining the overhead of a cost centre these
overheads are charged to cost unit. It means that the total overheads of a cost centre are distributed to all cost units produced by the cost centre.
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MARANDA HIGH POST-MOCK 2024; Mathematics PP1 & PP2 Q&A
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CIS 403: SOCIAL COMPUTING AND INFORMATICS
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Social computing and informatics brings together people, technology, information and innovation. People, organizations, industries and communities interact, connect and collaborate in social context. Digital systems support online research, education, health, communication and entertainment. Organizations harness the power of social computing and informatics to enhance business transactions and boost reputation. Amazon applies social computing to engage and captivate customers, boasting impressive 27.8 million Facebook page likes and 2.7 million followers. Amazon promptly and directly responds to the customers on Facebook, swiftly addressing all comments and ensuring that clients are well satisfied with the services. Due to comprehensive collection of feedback and reviews from the previous customers, effectively demonstrating the excellence of its products and services, most people trust Amazon. Hence, without digital systems and connections to the Internet nothing can be achieved. Bachelor of Information Science (BIS) level four or fourth year consists of 10 core course units or subjects, with 5 course units per semester. BIS CIS 403: Social Computing and Informatics explores human-computer/human-machine/human-machine product interactions and its impact in the society.
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