1.Describe how a flexible benefits plan might increase worker satisfaction with benefits at the same time that costs are being reduced. (5 marks) Flexible benefits can increase worker satisfaction by involving the working in the decision making process. Employees are able to choose a package or benefits that suit their unique needs‚ this can make an employee feel more heard by their employer and more understood‚ and also provides a better understanding of what benefits actually cost a company
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Chapter 09 The Time Value of Money Answer Key True / False Questions 1. An amount of money to be received in the future is worth less today than the stated amount. TRUE 2. Discounting refers to the growth process that turns $1 today into a greater value several periods in the future. FALSE 3. Compounding refers to the growth process that turns $1 today into a greater value several periods in the future. TRUE 4. The interest factor for the future value of a single sum is equal to (1
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Introduction: Financial management is basically makes plans‚ organize‚ direct and control the financial activities in an organization. Applying general management principle to financial resources of the organization is part of financial management activity. Financial management is concern with the efficient and effective management of the financial resources of the organization. Nature and Main areas of financial management: Financial management is broadly concerned with the mobilization and
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Chapter 04 Analyzing Investing Activities Multiple Choice Questions 1. Which of the following would rarely be classified as a current asset? A. Prepaid insurance B. Goodwill C. Marketable Securities D. Work-in-progress 2. Which of the following would not be classified as a current asset? A. Inventory B. Accounts payable C. Accounts receivable D. Prepaid expenses 3. An asset is considered to be liquid if: A. it is readily converted into a current asset. B. it is
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Prerna Goyal. The NOIDA industrial cluster is dominated by the textiles industry including texturising‚ weaving‚ spinning and yarn units with over 2‚500 small and medium size units. The potential of gas consumption in these industries is mainly on account of captive power. Power constitutes 40 - 65 percent of the production cost in the key target sectors for gas supply. The units in the cluster have been considering reduction of power costs by moving away from the expensive grid supply to captive power
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creating a chaotic working environment there is bound to be nothing but pure failure of the project and its successin the near future. There can be two major causes for the team project failures; overdue or missed time standards‚ and going beyond set financial plans. With the interpretation of day to day basis risk assessments into team developed projects‚ there is a more realistic set of guidelines‚ and procedures put into place. The definition of a risk assessment states ‚ “ that it is theidentification
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Violence in High Schools Columbine High School‚ April 20‚ 1999 was the scene of a massacre‚ but in wake of this massacre America experienced an epiphany. Tragically‚ this was not the last we would here about crimes of a similar nature to this one. From 1996 to 2000 an unprecedented slew of violence occurred. There were twelve incidents which received national coverage and left many millions more questioning what happened‚ what went wrong‚ where did this come from. This clearly marked the social
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5 Management Principles/Concepts Management is the concept of getting work done through others. This concept began evolving in the 1880’s from being ideas and practices into a field of study. In Chuck Williams’ recent edition of “Management”‚ he establishes that there were several instrumental influences on the paradigm shift in the field of management. Those parties include but are not limited to‚ Fredrick Taylor‚ Frank and Lillian Gilbreth‚ Henry Gantt‚ and Henri Fayol. These parties developed
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increasingly used to empower employees because it expands employees’ job knowledge and increases the scope of their job responsibilities. AACSB: Analytic Blooms Taxonomy: Comprehension Difficulty: Moderate Jones - Chapter 01 #79 Learning Objective: 01-5 Topic: Empowerment and Self-Managed Teams Page: 18 Question 2 1 out of 1 points When a manager produces a product that customers want‚ but that is too expensive for them to buy‚ the manager is said to have:
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Business Management Chapter 1 Pg. 2-36 Managers & Managing Organizational Performance – A measure of how effectively a manager uses resources to satisfy customers and achieve organizational goals Efficiency – A measure of how well or how productively resources are used to achieve a goal Effectiveness – A measure of the appropriateness of the goals and organization is pursuing and the degree to which the organization achieves those goals Four Essential Managerial Tasks: 1. Planning
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