Faculty of Business Studies BE-210 TMA-1 DUE DATE 26th December Part A: Essay Questions (25) 1. Define accounting. Accounting is the information system that measures business activity‚ progress the data into reports and communicates the results to decision makers. And accounting is the language of business. The better you understand the language of business the better you can manage your own business. For example‚ how will you decide whether or not to borrow money? You
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try to work out what managers do (and what they should do) was a Frenchman called Henri Fayol. Fayol was a mining engineer who became the managing director of an ailing coal mining firm and turned it into a highly successful coal and steel business. All this took place between 1888 and 1918‚ when he retired. In 1916‚ after many years ofthinking about the job of the manager‚ he published a small book called General and Industrial Management. Henry Fayol was years ahead of his time in linking
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Peter Nicholson wishes to convert the factory in the north east to production of the electric taxi. Using data in Appendix C‚ Table 1‚ calculate payback period and the average rate of return. (8 marks) Peter Nicholson proposes to remove two management levels from the organisational structure and to encourage greater empowerment of the workforce. Do you think that this is a good idea? Justify your view. (18 marks) I believe that delayering the organisational structure by two
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Why has BMW planned to build its second factory in Shenyang‚ China? Introduction This case study will investigate the car manufacturer BMW and its recent plans to increase production in the Chinese market. BMW is a Transnational Corporation which can be defined as ‘a firm that has the power to coordinate and control operations in more than one country’ (Dicken‚ 2011‚ p.110). The automotive industry for years has been very static‚ but the automotive power is now shifting. Over the past decade
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Where is the company most vulnerable‚ from a communications standpoint? Google entered China in 2006 with high hopes of taking over the Chinese internet market. In order to become a major player for internet search engines in China‚ however‚ they had buckled and filtered search results according to the Chinese government. When Google.cn was launched‚ a loud public outcry over its giving in to the Chinese government on censoring and filtering search engine results‚ the company faced a communications
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Ethical and Moral Issues in Business MGT/216 Dorica Irvin 27 June 2011 Margaret Frise In the business world‚ both ethics and morals are a requirement in the corporate world. Employees are face with moral and ethical issues each day people behave differently because they have their own special set of morals. This essay will discuss the differences between ethical and moral issues‚ the differences between personal and business ethics as well as
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motivating and leading employees to achieve organizational objectives Controlling: the process of evaluating and correcting activities to keep the organization on course Levels of Management: Top manager: the president and other top executives of business‚ such as the chief executive officer (CEO)‚ chief financial officer (CFO)‚ and chief operations officer (COO)‚ who have overall responsibility for the
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multiple ethical dilemmas‚ but I will only focus on three of them in this essay. The first ethical dilemma I noticed is that there is no advanced directive on file. Jamilah the patient only knows Basic English‚ so she is unable to fully communicate with the physicians regarding her medical care. The physicians are doing what they can to treat her medical conditions without an advanced directive on file but without her history and inability to communicate it‚ they are struggling. The second ethical dilemma
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1 – The Purpose of Business Activity The economics problem: needs and wants. Basically‚ all humans have needs and wants. Needs are things we can’t live without‚ while wants are simply our desires that we can live without. We all have unlimited wants‚ which is true‚ since all of us want a new PC‚ a car‚ new graphics card‚ etc. that we actually do not need to live. Businesses produce goods and services to satisfy needs and wants. Although we have unlimited wants‚ there are not enough resources
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1/27/2014 The Three Legal & Ethical Issues in Business in Bangladesh Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization‚ the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the
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