Abstract
This looks at the comparisons of the carburettor and the fuel injected system. The paper discusses the brief process of how the carburettor works and the process involved in mixing the fuel with the air. Furthermore the paper looks at the processes of the fuel injected system and the ECU along with how that affects the performance of an engine.

Abstract
This paper draws the analogy that corporations are like automobiles, in that both exist to move people and goods and both fuel the economy. The writer maintains that corporations create automobiles to fuel the economy, but they also create other "tools" to reach the same goal, such as professionals and financial products. The writer further explains that, like the automobile, the organization is built from different parts: top, middle and low management. The writer points out that automobiles are built from parts as well: engine, wheels, carburetor and each part has its function. The writer concludes that corporations exist because they deliver better results by being more efficient in moving the people and the goods involved in the value creating process. They are also the most suitable ownership type given the diversity of investing options nowadays.
This paper includes color charts and graphs.

Outline:
Corporations and Organizations
Automobiles
Why do Corporations and Organizations Exist?

From the Paper
"The governance mechanism as described by Williamson is based on transaction costs. Basically, these ones dictate whether transactions are made through markets or by internalizing activities. Market-based transactions are subject to uncertainty, which generate transaction costs, whereas hierarchies generate higher costs associating with controlling a wider range of activities. The central piece of his theory is the asset specificity. The higher the specificity of a company's assets is, the more agents are likely to behave opportunistically, which is an incentive for the company to internalize activities along the value chain to protect its assets.
"The traditional contract theory of the firm has recently been enriched with a more recent type of contacts: relational contract. This latest contribution suggests that each party behave in such a manner to reach the other party's expectations and the behavior is maintained by fear of retaliation of the other party(ies)."

Tags:transaction, organization, results, cost

Abstract
The paper looks at the case of Sanfe Automotive, an auto parts supplier in the automotive industry specializing largely in niche products. The paper relates that while it manufactures a host of products, 40% of its revenues are generated through its carburettor division. The paper examines how Sanfe has hired a cost accountant who has been tasked by the President of the company to identify whether the current system adequately accounts for costs, whether the present system is capable of providing the data and information necessary for strategic decision making, and whether the current system accurately assesses the supervisors' performances in the company.

Tags:sanfe, automotive, strategy

Abstract
The paper looks at Sanfe Automotive, which has hired a cost accountant to evaluate its current costing method. The paper examines the accountant's primary conclusion that the current system does not provide an accurate assessment of costs. The paper discusses the recommendation that a new system should be implemented immediately. The paper explains that the new system involves an activity-based costing methodology that results in far more accurate estimations of cost and cost allocation across a diversity of product lines and departments.

Outline:
Executive Summary
Sanfe Forward Strategy

From the Paper
"Sanfe Automotive is an auto parts supplier in the automotive industry specializing largely in niche products. While it manufactures a host of products, 40% of its revenues are generated through its carburettor division. Sanfe has hired a cost accountant who has been tasked by the President of the company to identify a series of issues pertaining to the current costing method: 1) is the current system adequately accounting for costs, 2) is the present system capable of providing the data and information necessary for strategic decision making, and 3) does the current system accurately assess the supervisors' performances in the company. To accomplish the task the cost accountant has utilized the company's carburettor division to assess costs both under the current system and under a new cost accounting method based an hourly costing method specific for each department."

Tags:carburettor, methods, data, expenses, pricing, profits, production, products