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Office Furnishing Ated: A drastically different type of girl is "Holland Hostess," whose bureau is ated in the central bus station and ticket office furnishing ated of KLM on the Museumplein Amsterdam. This recently organized non-commercial bureau performs in-uable service in furnishing information, practical aids and needed contacts to • foreign visitors, whether coming to Holland for pleasure or bent on business.
Among other pieces of furnishing might be ntioned partitions, counters, carpet, or lino-floor covering, shades, pictures, clothes ss, umbrella stands, Floor mats, pen and ink letter trays, safes and vaults, bookcases, ickroom shelving and so on. With all of these, : office furnishing ated executive must be familiar. To assist the office furnishing ated executive in identifying fld selecting pieces of equipment, the National fice Management Association has developed Business Equipment Directory, in which the Evarious pieces of machinery and furniture, with [brief outlines of their characteristics, are listed. Materials and Supplies.See Also Office Furnishing Nding:Perhaps the greatest achievement of all ages was that of writing. No other single factor has made such a lasting or far-reaching contribu¬tion to our civilization. Without it, there could have been no office furnishing nding function at all. With it, the office furnishing nding function began. Yet clerical workers are apt to consider the office furnishing nding as a mechanism peculiar to this day and age. They are not aware of the fact that the office furnishing nding is really an ancient institu¬tion, and that there are records of office furnishing nding activities dating back three and four thousand years. The civilizations of Assyria, Babylonia, and Egypt made use of office furnishing nding facilities for recording the transactions of individuals, and of governmental agencies, for centuries.
The Life office furnishing nding Management Asso¬ciation assists life insurance companies with their ... office furnishing nding problems. All have made excellent con¬tributions. The three organizations which deal exclusively with office furnishing nding management for all types of businesses, however, are the office furnishing nding Manage¬ment Association of Great Britain, the Nippon office furnishing nding Management Association, and the National office furnishing nding Management Association, in Canada and the United States. These three devote all their energies to the problems of the office furnishing nding. Together, they are building a new profession. Certain other nations in western Europe, South America, South Africa, and Asia are contemplating the formation of comparable associations. The establishment of these groups will inevitably lead to professional-ization.
On The Other Hand See Office Furnishing Certainty:There are two methods for incorporating project risk into the capital budgeting decision process. In the certainty equivalent method, the expected cash flows in each year are adjusted to reflect project risk — cash flows with above-average risk are scaled down, and the riskier the flows, the lower their certainty equivalent values.10 However, the certainty equivalent method is difficult to implement in practice, and hence we will focus on the risk-adjusted discount rate method. Here, differential project risk is dealt with by changing the discount rate — average risk projects are discounted at the firm's WACC, above-average risk projects are discounted at a higher cost of capital, and below-average risk projects are dis¬counted at a rate below the firm's WACC. Unfortunately, since risk cannot be mea¬sured precisely, there is no good way of specifying exactly how much higher or lower these discount rates should be — given the present state of the art, risk adjustments are necessarily judgmental and somewhat arbitrary.
Although we have attemp to simplify the function of office furnishing certainty management presenting it in four categories—methods, equ ment, materials, and personnel—there is much unsaid. The office furnishing certainty manager may serve in capacity of "general manager" of all office furnishing certainty fu tions, or he may serve in a limited capacity a "service manager." He may devote his ti solely to office furnishing certainty management or he may comb that function with others. If he is his compar "general office furnishing certainty manager," he will be responsi for the selection of the building site, the des and construction of the office furnishing certainty building, and subsequent maintenance.
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