BSBMGT502B Activity 1-16 : 1.1 Why is it necessary to consult relevant groups and individuals about the work to be allocated and the resources they will need? It is always advisable to consult with individuals and groups about work allocations to determine what needs to be done and who has the necessary skill and experience to carry out work tasks. The people who need to use the resources should be consulted to find out what they need and when it will be needed. In this way budgets and resource
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FNCE10001 Finance 1 Student No. 614024 Student Name: Xi Feng Tutorial time: 10-11 am Monday Tutor Name: Sarah Case Assignment 1 Abstract The purpose of this report is to discover the current state of the overall risk level in NAB confronting a severe situation of low level of cash‚ also to investigate the methods to manage the risks and to overcome the state. Introduction There has been a very low level of cash and liquid securities possessed by NAB. In order to prevent this state from continuing
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Case Summary Human Capital Consultants (HCC) is a consulting firm provides consultancy services regarding HR issues and specializes in strategic alignment and corporate change. The firm has a fairly friendly culture. As a result the employee turnover rate is considerably low. John Yeoung‚ the lead senior partner of HCC recruited Kay Johnson to join the firm. Though initially Kay was skeptical but after a lot of consideration along with pressure from Jhon and a lucrative compensation package Kay
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products‚ some of which are made only to order‚ the company uses a job-order costing system. On July 1‚ the start of the company’s fiscal year‚ inventory account balances were as follows: Raw Materials | £10‚000 | Work in Process | £4‚000 | Finished Goods | £8‚000 | The company applies overhead cost to jobs on the basis of machine-hours. Its predetermined overhead rate for the fiscal year starting July 1 was based on a cost formula that estimated £99‚000 of manufacturing overhead for an estimated
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1. Problem a. The departments heads are not on board with empowerment plan resulting in its failure. 2. Recommendation a. Martin needs to take a more interactive approach with senior management and department’s heads in order to effectively implement the empowerment plan. 3. Implementation a. Contact senior manager to discuss how we can implement the empowerment plan‚ soliciting feed back from them. i. First—Contact Senior managers and department heads ii. Second—Develop a new empowerment plan
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FOCUS 1: SCHOOL AS A LEARNING ENVIRONMENT School Facilities Gymnasium A building equipped for indoor sports‚ exercise or physical education. School Canteen This place is where the pupils buy their food if its recess and lunch break. Garden There garden has many plants and flowers‚ you can see that this school is environment friendly. PTA Office This is the PTA Office where the teachers and parents meet for the updates
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1. Describe how the value proposition that Middleby offers to a casual dining chain‚ like Outback steakhouse‚ might differ from one that is offered to a fast-food customer‚ like Papa John’s International. In order to answer the first question we must understand the following “value equation”. The value proposition of Middleby Corporation will have a significant difference in term of products offered to fast-food companies oppose to ones offered to casual dining chains where Middleby has made
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outcomes. Operational decision making is a short term decision made within an organisation which involves the day to day running of the organisation. These short term decisions are usually made by the office manager. According to Npower (Business Case Studies) Often these decisions are administrative in nature and can be implemented quickly and tend to carry a little risk and are smaller scale‚ but are never the less important choices that people have to make to fulfil their role. Strategic Decision
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Unit: 323: Understanding performance management 1.1 A formal performance assessment is done when the communication between a line supervisor and an employee is formal and a system is in place to report managerial opinions and observations on employee performance. The assessment process can be quite beneficial to the organization and to the individuals involved if done properly. There are many good reasons to conduct a formal performance assessment. If assignments and standards have been clear‚
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overhead‚ materials‚ and direct labor are relevant in making the decision to produce the new part. Information supplied from PWI’s cost accounting department in case study: Title Material Direct Labor Overhead Departmental Administrative Total 100 Plastic Rings 17.65 65.50 131.00 65.50 279.65 100 Steel Rings 321.90 196.50 393.00 196.50 1107.90 1 Some
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