and informal communication (Carriere and Bourque‚ 2009). Both approaches are vital in order to achieve greater communication satisfaction. Litterst and Eyo (1982) relate communication to productivity‚ job satisfaction (Holtzhausen‚ 2002)‚ reduce conflict‚ strengthen trust and satisfaction (Chio‚ Hsieh and Yang‚ 2004) as well as reducing the pessimistic effects of rumors which lead to obtaining satisfaction (Difonzo and Bordia‚ 2000). In an organization‚ formal communication provides information that
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Meaning of Internal Reconstruction: When a company has been making losses for a number of years‚ the financial position does not present a true and fair view of the state of the affairs of the company. In such a company the assets are overvalued‚ the assets side of the balance sheet consists of fictitious assets‚ useless intangible assets and debit balance in the profit and loss account. Such a situation does not depict a true picture of financial statements and shows a higher net worth
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’In times of conflict ordinary people can behave in extraordinary ways’ Sometimes to achieve what we want‚ we may have to act or do in a certain way against ones values that can lead to conflict. People face conflict everyday of their lives. Conflict could involve an individual‚ groups‚ and the environment or be within oneself. People have different methods of dealing with conflict. To some extent people behave in extraordinary ways‚ and that is considered unacceptable in today’s society. In times
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Chapter 7 – Internal control Internal control – steps taken by business to prevent fraud – misappropriation of assets and fraudulent financial reporting‚ COSO defines IC as means to an end Achievements of objectives in the area of financial reporting‚ operations‚ compliance with law and regulations Foreign corrupt practices act: Transactions authorized with the knowledge of and authorization of management Means of achieving internal control – preventive control – prevents fraud ex: segregation
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can affect its operation.The business environment consists of the actors and forces that affect an organization’s ability to develop and maintain business with its targeted customers. These are the Micro Environment‚ the Macro environment and the internal environment.The micro-environment of an organization can best be understood as comprising all those other organizations and individuals who directly or indirectly affect the activities of the organization. The following key groups can be identified
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Introduction of Intercontinental hotel. Intercontinential hotel‚as the first truly international hotel group‚ was born in 1946.it becomes the biggest hotel group on earth.This group also have the wildst distribution of hotel around the world.The goal of this hotel is creating great hotels guests loveThe headquarter of this company is in berkshire ‚ UK .During 2007‚ it employed approximately 10366 in 2007 . What is the meaning of environment? (Docstoc 2010‚ p3)That means the surroundings‚ influnces
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Generally‚ every organization’s performance could be enhanced if they have a sound internal control system. Internal control sys has two subcategories: A) Control environment B) Control procedures and policies @ control activities Control environment is abt attitude of board n mgt‚ whether they have integrity(honesty) and value the importance of running a sound internal control system. So‚ if their attitude is good‚ they will raise awareness and foster good attitude among ppl in the org
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I. INTERNAL ENVIRONMENT: ORGANIZATIONAL ANALYSIS Corporate Structure. Mercedes-Benz corporate structure is representing eleven different departments‚ with an average of four core practice areas in each. Let’s start the discussion of the corporate structure by considering Corporate Communications Department. This department works on cultivating a positive news-media image and manages internal communications to retails. . Whenever Mercedes-Benz owners are in need of answers on their questions
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dispatched independently to approving authority. Once signed‚ the approved invoices should be sent independently to accounts payable. When the check is prepared by accounts payable‚ they should mail it directly to the third party. Under a strong internal control system‚ the employees and/or contractors should not be allowed to come in and collect checks directly. Direct contacts with accounts payable personnel make it too tempting for someone
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and easy story to comprehend at first. At second glance a whole new complicated meaning is given to the story that relates to many of the political and social confrontation in the time period in which the story was written. In “A White Heron” Sarah Orne Jewett expands on peculiar relationships‚ influence of nature‚ and romance to describe conflicts between flesh and spirit. Nine-year-old Sylvia has come from the city to live in the Maine woods with her grandmother‚ Mrs. Tilley. As the story begins
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