Bangladesh for discharging managerial functions. To achieve this objective‚ 151 organizations from manufacturing and service industries have been surveyed with a structured questionnaire by using 5 point Likert scale. By identifying fourteen management accounting techniques‚ three factors have been identified to determine the variability’s of the usage level in managerial functions. The total variabilities in application of management accounting techniques in managerial functions of manufacturing
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Chapter 11: Perfect Competition 1 Being a price taker in a market means that the seller 1. charges each consumer the maximum that she will be able to pay for the product. 2. has no choice but to charge the equilibrium price that results from the market supply and demand curves. 3. takes her price from her average total cost curve. 4. sells her products at different prices to different customers. 2 For a certain firm‚ the 100th unit of output that the firm produces has a marginal revenue
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theory that incorporates economic‚ organizational and behavioural concerns in a framework that is dynamic‚ systemic‚ cognitive and holistic (Sanchez and Heene‚ 2004). This theory defines competence as: the ability to sustain the coordinated deployment of resources in ways that helps an organization achieve its goals. In the content we shall be describing the six managerial competencies‚ going into detail and also relating them to an individual’s personality. These managerial competencies are: communication
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Definition of Economics The social science concerned with the efficient use of limited or scarce resources to achieve maximum satisfaction of human materials wants. Human wants are unlimited‚ but the means to satisfy the wants are limited. The Economic Perspective Scarcity and choice Resources can only be used for one purpose at a time. Scarcity requires that choices be made. The cost of any good‚ service‚ or activity is the value of what must be given up to obtain it.(opportunity cost)
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MANAGERIAL COMMUNICATION Managerial communication cannot exist without management. It is a major‚ fundamental component of the latter. Each evolution stage of management determined specific forms of managerial communication. Due to the fact that the manager’s attributions are varied and Managerial communication cannot complex (as administrator‚ he organizes process at an organizatorical level‚ as leader‚ makes decisions‚ as entrepreneur takes action at the right moment for
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1) How do organizations cope with/postpone prospered obsolescence of managerial personnel. How do organizations cope with/postpone prospered obsolescence of managerial personnel. Discuss the role of leadership in the process. Explain with an example from an organization known to you. Please describe the organization briefly Obsolescence of managerial personnel is a situation where managers cannot keep up with the latest technology or are not as well-qualified as more junior staff Postponement
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The Nature of Economics the economic problem- wants‚ resources‚ scarcity * Needs are goods and services essential for survival. * Wants are goods and services that aren’t essential for survival but make our lives easier. * Individual ants are desires of each individual person and depend on preference. * Collective wants are reflected on choices of the community. * Concurrent are wants that are satisfied over and over again. * Complementary are wants that naturally follow
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This is a reasonably accurate definition but I think you need a little more information to help you understand how to use this concept. There are certain features of direct costs that I would like to explain with this note. In the problems in Chapter 2‚ it is generally assumed that direct costs are physically traceable and that they relate only to production costs. In other words‚ they are direct with respect to the product. When we talk about direct costs we need to be clear about what we mean
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1. Compliance Projects: d‚g‚i Strategic Projects: b‚e‚f‚h Operational Projects: a‚c‚j Since the new strategy of the hotel is clearly identified‚ it was easy to classify the strategical projects. There are some similar projects within the list. It was a bit difficult to classify the projects whether they are operational or compliance. *-*-*-*-*-*- In order to manage all the listed projects in an efficient way‚ It is essential to prioritize them. Because as we did above
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Michelle Seefeld Managerial Finance Learning Session 1 Written Assignment Chapter 1 Discussion Question 6 What document is necessary to form a corporation? A corporation is formed through articles of incorporation‚ which specify the rights and limitations of the entity (Block‚ Hirt‚ & Danielson‚ 2011). Web Exercise (pp. 22-23) In summary‚ the credo for Johnson & Johnson challenges the company to put the needs and well-being of the customers first. The former chairman for the company
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