main aim is to safeguard the interest of employees by securing the highest level of understanding to the extent that does not leave a negative impact on the organization. FUNCTIONS OF HR MANAGEMENT: HRM functions can be broadly classified into two categories 1) Managerial Functions 2) Operative Functions 1) Managerial function of HR Department: Planning : Future course of action & also includes identifying human resource requirements and forecasting personal needs. Organizing : Division of labour
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History: Elmetec has been manufacturing 11KV electrical distribution equipment since 1999. In a short span of time it has become a leading manufacturer in Pakistan. Our deep commitment to indigenous technological development makes it one of the few companies in Pakistan to invest heavily in research & development Vision & Mission: Purpose To bring prosperity and well being to our stake holders and society at large by adding
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GSM 5000 MANAGERIAL ECONOMICS PROBLEM-BASED LEARNING 2 PROFESSOR DR. MAD NASIR SHAMSUDIN GROUP 5: AZLINA IDRIS MOHD KHAIRUL AINUDDIN MD ZIN ONG WEE HONG VOO LIDY GM04172 GM04218 GM04213 GM01460 1. Learning Issues 1.1 What is forecasting? Forecasting is the process of making statements about future happenings based on the previous data collected. Forecasting usually is an estimation of the future data‚ happenings‚ trends‚ values‚ etc for the specified date. A commonplace example is estimation of
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MBA 640 (Summer IS 2010) MANAGERIAL ECONOMICS EXAM #1 STUDENT NAME: Exam is open book and open material. 1. Explain the interaction of Managerial Economics with other business disciplines‚ giving specific examples. Managerial economics has been defined by conventional theorists as a science that "is all about how people make choices" After you’ve defined managerial economics and it’s relationship to its economic theory. Managerial economics will interact with each of these business’s
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Case Study in Managerial accounting Case 1: Southwest Airlines Part A : General Information Company Name: Southwest Airlines Co. Company is traded on the New York Stock Exchange trade market (NYSE) with symbol LUV. Corporate Headquarters are located at the physical address: 2702 Love Field Drive‚ Dallas‚ Texas 75235. Corporate Web Site: http://www.southwest.com. Corporate Web Site for business travelers: http://www.swabiz.com/ Industry Classification Company operates in the Industrial
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Managerial Accounting By Maher‚ Stickney and Weil 10e CHAPTER 6 FINANCIAL MODELING FOR SHORT-TERM DECISION MAKING Questions‚ Exercises‚ Problems‚ and Cases: Answers and Solutions 6.1 See text or glossary at the end of the book. 6.2 Operating profit = Sales revenue – Variable cost – Fixed cost 6.3 The unit contribution margin is the excess of the unit price over the unit variable costs. The total contribution margin is the excess of total revenue over total
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1 Running Head: Management The Five Functions of Management Kimberly Lindsey MGT 330: Management of Organizations Professor Cheryl Avant September 29‚ 2014 MANAGEMENT 2 The Five Functions of Management Introduction Have you ever went to a grocery store bakery/deli? There is a variety of deli meats and cheeses‚ hot ready made food‚ cookies and cakes to choose from. I am the person who serves you with a friendly smile to make your day end pleasantly
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1 FIRST SEMESTER Managerial Economics Subject Code:1001 Contact Hours: 60 Work Load: 4hrs/week Credit Points: 04 Semester End Exam Marks: 80 Internal Marks: 20 OBJECTIVES: 1. To familiarize students with Micro Economic Concepts used in Decision Making. 2. To develop application and analytical skills by using these concepts to make managers effective in economic decision making. Module: 1 (10 Hours) Introduction to Economics - Introduction to Managerial Economics- concept‚ Nature‚ Scope
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ACT 5733 – Advanced Managerial Accounting Home Work Questions Question #1 CF is the new controller for the consumer division of ABC company. In the past five years‚ ABC’s earnings have grown by at least 15% annually‚ with the consumer division’s earnings growing by over 20% annually over the same time-period. In the 4th quarter of the current year‚ however‚ it is projected that consumer’s income will grow by 8% and ABC’s will grow by 10%. ML‚ consumer division’s president‚ wants CF to take
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Functions of management The functions of management uniquely describe managers ’ jobs. The most commonly cited functions of management are planning‚ organizing‚ leading‚ and controlling‚ although some identify additional functions. The functions of management define the process of management as distinct from accounting‚ finance‚ marketing‚ and other business functions. These functions provide a useful way of classifying information about management‚ and most basic management texts since
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