Importance of nonfinancial measures offer four advantages based on financial date. First‚ the long term organization strategies they do not deal with profitability‚ competitive‚ strength and longer term strategic goals. They only do their job of new product development and expand organizational capabilities which are important for strategic goals. Second‚ intangible assets which is intellectual capital and customer loyalty of company rather than balance sheet. Third non financial measures help us to predict
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have the same variance. (1) Note that three of the most important distributions (namely the normal distribution‚ the t distribution‚ and the chi-square distribution) may be seen as special cases of the F distribution: (3) Example: We want to measure the monthly sales volume from Microsoft and Apple. We collect data for a year ( 12 months). We calculate the variance for both and define the “degrees of freedom’ (n-1= 11) and then we can build the F-distribution. F statistic (): Defined as the
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various performance measurements and recommend which measure is the most important suitable for LEGO in controlling‚ planning and maintaining its competitive advantage. Performance measurement is a process for collecting and reporting information regarding the performance of an individual‚ group or organizations. There are various methods to measure the business performance‚ including financially and non-financially. The traditional financial measures include some ratios like average return rate (ARR)
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Noneconomic Measures of Development - The relationship between economic and social measures of development is direct and proportional. -Conversely‚ the relationship between social-economic and demographic variables is usually inverse. I. Education - A literate educated labor force is essential for the effective transfer of advanced technology from the developed to developing countries. - The problem in part stems from a national poverty that denies to the educational program
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Coach Carter‚ and later in a you tube video. The poem touches me and leaves me with a feeling of achieving a higher greatness. The poem is just this. “Our deepest fear is not that we are inadequate. Our deepest fear is that we are powerful beyond measure. It is our light‚ not our darkness that most frightens us. We ask ourselves‚ Who am I to be brilliant‚ gorgeous‚ talented‚ fabulous? Actually‚ who are you not to be? You are a child of God. Your playing small does not serve the world. There is nothing
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PSYCHOLOGICAL MEASURE INTRODUCTION The process of developing a reliable and valid psychological measure is a complex task. In this paper‚ the author hopes to further explain how to construct a test which can be considered both valid and reliable. Steps to developing a psychological measure The steps to follow when developing a psychological measure can seem daunting and complex. There are nine basic steps which need to be followed: 1.THE PLANNING PHASE This is where the aim of the measure needs to
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In Debs’ speech “My Brother’s Keeper”‚ he argues that people have a moral obligation to help those who are suffering. He makes a valid point‚ because assisting people who are suffering is the way to maximize the amount of happiness in society and create a better society for everyone. Before the argument‚ we need to know why do we need to help people who are in need. According to the debate on moral Obligation‚“Everyone must see the general happiness as valuable. Since morality is essentially
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provinces‚ municipalities and barangays had been established. The local government has its own programs that deal with improving the profitability of the communities within its jurisdiction. From these programs‚ revenue generation measures arise. Revenue generation measures refer to defining a revenue focus in the local community‚ developing an align strategy that runs through the office of the local officials to every corner of the local government‚ creating a structure efficiently and consistently
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Measures of Central Tendency Objectives of the chapter • To use summary statistics to describe collections of data • The main goal is to come up with the one single number that best describes a distribution of scores. • Lets us know if the distribution of scores tends to be composed of high scores or low scores. • To use the mean‚ median and mode to describe how data bunch up. The sales of 100 fast food shop is given below: Sales No. of (in 000s) Shops 700-799 4 800-899 7 900-999 8 1000-1099 10
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Measures of Personality Research All Industries are faced with a pool of applicants must implement a good selection process to be able to hire the best person for the position. One way to select from a pool of applicants is by using psychological measurements such as personality test. Personality tests are deemed essential for industries to check suitability to the job. There are numbers of personality test now being used by industries such as Gordon Personal Preference Inventory and 16 Personality
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