Solutions to Quick Quizzes Chapter 1 1. There are many possible answers. 2. There are many possible answers. 3. The three principles that describe how the economy as a whole works are: (1) a country’s standard of living depends on its ability to produce goods and services; (2) prices rise when the government prints too much money; and (3) society faces a short-run tradeoff between inflation and unemployment. A country’s standard of living depends largely on the productivity of its workers‚ which
Premium Supply and demand
Components of fitness & training methods Components of fitness Aerobic endurance- the heart’s ability to deliver blood to working muscles and their ability to use it (e.g. running long distances) Muscular endurance- is the ability of a muscle or group of muscle‚ to work continuously/for a long time without tiring. Flexibility- The range of movement at/across/around a joint Speed- Moving the whole body part of the body very quickly/in a short time. Strength- The maximum force a muscle/group of
Premium Exercise
Total Compensation Methods Paper The purpose of this paper is to provide an analytical overview of compensation strategies within organizations. First‚ an analysis of the impact of various compensation methods and benefit programs on employees and organizations will be discussed followed by how salary and benefit administration strategies relate to organizational culture and performance. What are compensation and benefit strategies? Compensation and benefit strategies are ways that organizations
Premium Employment Wage Employee benefit
organizational performance. Human resource management should possess a good management systems and framework; ensure human ability is all used to achieve organization goals. Include strategic human resources management‚ equal employment opportunity‚ staffing‚ talent management and development‚ total rewards‚ risk management and worker protection‚ employee and labor relations. The best organizations understand that managing human resources effectively involves more than focusing only on current employees. It
Premium Human resource management Management Human resources
profitability and a nation’s balance of payment. Costs of quality Four categories of costs are associated with quality: Prevention costs – costs associated with reducing the potential for defective parts‚ and services‚ e.g. the costs of training employees and the implementation of quality improvement program. Appraisal costs – costs related to evaluating products‚ processes‚ parts or services‚ e.g. testing of products‚ labs costs and the inspections costs. Internal costs – costs that result from
Premium Six Sigma
Incentives vs rewards Then there is the question of whether incentives should differ from rewards: the former being used to encourage good performance and foster a positive working environment‚ while the latter are offered as a bonus to employees who have already achieved a certain standard. This distinction is important‚ because offering performance-based rewards after the fact brings an incentive program much more into the area of ROI and accounting rather than focusing on employee satisfaction
Premium Incentive program Incentive Travel incentive
WHAT IS A TOUR PACKAGE? DEFINITION Complete trip‚ usually including fare‚ accommodation‚ meals‚ ground transport‚ tour guides‚ taxes‚ etc.‚ in one all-inclusive price. Source: BusinessDictionary.com 1 TYPES & CHARACTERISTICS TOUR PACKAGE CATEGORIES Package tours can be broken down into six (6) specific tour types. Tours available range from Special Interest tours‚ Adventure tours‚ City or Regional tours‚ Group tours‚ Fully Escorted tours and Business tours. 2 ??????????????????????
Premium Tourism Travel agency Travel
CIA-1 Organisational Behaviour Impact of Motivation on employees Motivation is the word derived from the word ‘motive’ which means needs‚ desires‚ wants or drives within the persons. It is the process of inspiring people to actions to achieve the goals The sole reason for me in order to choose this topic is that in today’s world doing Business all over the world is a very challenging aspect. The performance that is given or delivered by the corporate is highly influenced by the Internal and
Premium Motivation
Virgin brand name. British entrepreneur Branson dropped out of boarding school at the age of 17‚ in 1967‚ to start his own magazine. That venture was an immediate success‚ establishing the foundation for what would become a multibillion-dollar conglomerate during the 1990s. Along the way‚ Branson would attain cult status in his home country--the result of his business exploits quests for adventure‚ and unique personal style. The Virgin brand had meantime become‚ according to the company‚ one of the top
Premium Richard Branson Virgin Group
include care of the sick newborn during the first week of life‚ the time when one in three child deaths occur‚ and it did not emphasize home-based newborn care. IMCI has become a main child survival strategy in almost all countries in the African region‚ creating a unique opportunity to scale up newborn health interventions using IMCI as a vehicle. Incorporating newborn algorithms in IMCI and strengthening the components of the strategy related to the health system and community will directly impact newborn
Premium Health care Healthcare Medicine