Compensation and Reward system plays vital role in a business organization. Since‚ among four Ms‚ i.e. Men‚ Material‚ Machine and Money‚ Men has been most important factor‚ it is impossible to imagine a business process without Men. Every factor contributes to the process of production/business. It expects return from the business process such as rent is the return expected by the landlord‚ capitalist expects interest and organizer i.e. entrepreneur expects profits. Similarly the labour expects wages
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Components of Accounting Systems Accounting information systems consist of records‚ methods‚ and equipment. These are designed to capture information about a company’s transactions and to provide output including financial‚ managerial‚ and tax reports. All accounting information systems have these same goals‚ and thus share some basic components. These components apply whether or not a system is heavily computerized‚ yet the components of computerized systems usually provide more accuracy‚ speed
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The Supervisory training at BK steel (The students are expected to do additional reference in completing this take home assignment) The BK steel is a single owner engaged in aluminum and steel production and designs for office and house hold constructions. It is a medium scale establishment having its main factory in Colombo and five other branches operated in Negambo‚ Gampaha‚ Kadawatha‚ Baththaramulla and Panadura. In the main office there is a Personnel Administration Department headed by a
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to ensure that Hong Kong’s exuberant capitalism is retained despite the communist leanings of mainland China? Answers Absolute plutocracy Sovereignty of the provinces Theocracy Noninterventionist approach One country‚ two systems Which of the following is true of the CFTA? Answers It was designed to eliminate trade barriers between the United States‚ Canada‚ and parts of Asia. It created several‚ independent commercial markets for goods and services.
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An economic system is the result of individuals (consumers and producers)‚ groups (firms‚ trade unions‚ political parties‚ families etc) and the government coming together and interacting in a legal and social society. The function of an economic system is to resolve the basic economic problem - scarcity which means that the resources are limited but wants are infinite. This distribution has three dimensions: * What is to be produced * How is it to be produced * For whom is it to be produced.
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Human Resource Management is an essential part for any organization. Moreover‚ development of this department is the first step‚ the ground on which the future of the company depends. It is essential for every single business unit and especially for such international company as Coca Cola. It is people‚ not technology who create the company. Human Resource Management at Coca Cola Company has many advantages as well as disadvantage. It is the global company and it is impossible to create certain policies
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OVERVIEW Effective human resource management is undoubtedly critical to the success of virtually all firms. Thus its importance is huge in the study of business strategy; which is the system of the firm’s important choices that are critical to the firm’s survival and relative success (Boxall and Purcell 2003). Getting more specific‚ strategic human resource management as a field of study is concerned with the strategic choices associated with the use of labour in firms and with explaining why
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The importance of Human resource Assignment 1 Human resource is the set of individuals who make up the workforce of an organization and crucial for the success of the organization. Human resource is the most valuable asset to any organization and huge investment is made for the development to enhance the value. Organizations are comprised of three types of major assets that are needful to an organization’s ability to produce goods and services‚ namely‚ Financial assets‚ Physical assets and Intangible
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Presented by Presented by About Equit-I‚ Finance Club • Equit-I focuses on creating an enthusiasm about finance in the campus and bracing up the student community for the industry rigor. The club strives to be an important partner in a participant’s career development by creating learning opportunities and providing industry interface. • We assist participants in exploring financial career opportunities‚ by organizing workshops and interactive sessions on various financial topics
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Part II In this self-starting world‚ system analysis and design are generally connected with the actions of software development. Systems analysis and systems design are normally theorized as the two main components of a system development. System analysis is the course of exploring a system‚ detecting problems‚ supporting the details of a present or planed system‚ which uses the information to encourage advancements to the system. in the organization which I am employed‚ there are
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