ANSWERS TO STUDY QUESTIONS CH 1 1. Why is management important to society? For a society to survive and prosper there must be maintained efficient and effective management of the production of goods and services. 2. Why is management important to individuals? The management function is a source of employment to 18% of the growing work force. It offers good salaries‚ status‚ and opportunities for personal growth. 3. What is the role of the manager? The role of the manager
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non-standardized resulting in repeated problems Management made all decisions and cascaded the result down to employees The top management became concerned about the performance of the factory and they hired Mr. Tanmoy Deb‚ an OD consultant to study the problem and suggest specific changes to relationships and tasks with the following objectives: To review and improve communication systems. To restructure the organization and to review teamwork and quality practices. To review leadership issues
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expensed them all as R&D. Assume that 60% of the reported R&D could have been capitalized and spread out over the following two years. For example. The amount of R&D capitalized into 1995 would be evenly spread out among 1996 and 1997. If this were the case how much would net income have been in 1997 and 1998? What would be the percentage increase in net income from 1997 t0 1998? Compare that to the actual reporting change in net income from 1997 to 1998 Year 1995 1996 1997 1998 Revenue 6075 9050 11936
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( Answers to Mini-Case Questions BioCom Inc. This mini-case provides a review of the methodology and rationale associated with the various capital budgeting evaluation methods such as payback period‚ discounted payback period‚ NPV‚ IRR‚ MIRR‚ and PI. 1. Compute the payback period for each project. |Time of Cash Flow |Nano Test Tubes |Microsurgery Kit | |Investment |−$11‚000.00 |−$11‚000.00
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Organizational Behavior – is the understanding of how organizations work and how to have people perform efficiently. It is extracted from different areas of study‚ and is interested in how these fields are integrated into workplace behavior. Basic Leadership Model – knowledge of OB x behavioral skills = leadership effectiveness Organizational Behavior – 1) individual level is where members make sense of the world and derive motivation. 2) how teams function. How they deal‚ ethical decision
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1. See Appendix A 2. Liquidity ratio. The firm’s liquidity shows a downward trend through time. The current ratio is decreasing because the growth in current liabilities outpaces the growth of current assets. The quick ratio is also declining but not as fast as the current ratio. From 1991 to 1992‚ it only decreased 0.35 units while the current ratio decreased 0.93 units. Looking at the common size balance sheet‚ we also see that the percentage of inventory is growing from 33% to 48% indicating
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the function of two hormones on human behavior A hormone is “a regulatory substance produced in an organism and transported in tissue fluids such as blood or sap to stimulate specific cells or tissues into action.” (Oxford Dictionary) One example of a hormone is Testosterone. This hormone is a function of human behavior because it is said to play a significant role in health and well being‚ especially in males. Wagner et al demonstrated this theory in a study in 1980. He utilized 10 seven-week-old
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INCEST Incest is sexual intercourse between family members and close relatives.[1][2] The term may apply to sexual activities between individuals of close"blood relationship"‚ members of the same household‚ step relatives related by adoption or marriage‚ or members of the same clan or lineage.[3] Theincest taboo is and has been one of the most common of all cultural taboos‚ both in current nations and many past societies.[4] Most modern societies have laws regarding incest or social restrictions
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1. Summary of Massey-Ferguson’s 1971-176 Goals‚ Strategy and Risk/Return profile Goals/Strategy: • Focus on small tractors‚ combine harvesters and industrial machinery • Exploit markets outside North America and Western Europe • Dealing directly with governments and public institutions • Central production of diesel engines in UK Risk/Return profile: • Empire Building; engaging in potential negative NPV investments • Expanding potentially unprofitable divisions (ambitious program of expanding
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Human Trafficking “Couple sentenced in largest human trafficking cases in Canadian history” A Hungarian couple was arrested for being a part of one of the largest human trafficking cases in the country. Joszef Domotor‚ 45 and his wife Kristina Csaszar‚ 33 were caught for trafficking of humans and their enslavement. Upon detainment they admitted to being involved in a criminal organization specializing in the enslavement and trafficking of humans. The organization recruited at least nineteen other
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