METHODS OF COST ACCOUNTING INTRODUCTION The Meaning of Cost Cost is a measure of the sacrifice or forgoing of a scarce resource to achieve a specific objective. An organization sacrifices scarce resources‚ i.e. the purchase cost‚ in order to obtain other resources. A cost is usually measured in terms of money paid to acquire goods or services. One can observe that the term cost is rarely used without an adjective in front of it. The term ‘Cost’ has multiple meanings and different types of costs
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JOB DESIGN 1. Introduction Job design theory is an important concept in business management. The way a job is designed affects employee work performance. It is crucial that organizations create an environment where workers are motivated by jobs in which they feel challenged but at the same time‚ their work goes with the objectives of the company. Designing jobs properly will cause a positive impact on motivation‚ performance‚ and job satisfaction on those who perform them (Moorhead and Griffin‚
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Job Satisfaction subject: Org. Behavior Do people really like their jobs? Definitely‚ everyone knows from the news about dissatisfied workers going on strike or even acting violently toward their supervisors‚ directors‚ but overall people are quite satisfied with their jobs. According to the surveys percentage of satisfied people averages in the US is about 85 percent. The feelings‚ reflecting attitudes toward one’s job‚ are known as job satisfaction. Settings‚ related to the personnel job satisfaction
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hours. Also please read the note on the last page about reverse scoring of questions. Job Satisfaction (Brayfield & Rothe‚ 1951) There is a definition of job satisfaction in the textbook on p. 110. Please indicate your agreement with the following items: Responses are to scored on a 7-point scale from (1) strongly disagree to (7) strongly agree. 1. I feel fairly satisfied with my present job. _______ 2. Most days I am enthusiastic about my work. _______ 3. Each day of work
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LEARNING OBJECTIVES Short term The main short-term advantage after completing the training was an idea of the industrial environment‚ the strict and disciplined schedule of the company. This helped me a lot to build inside me the zeal to learn more‚ to be highly precise and accurate in my working. It helped in understanding the relationship that should be maintained between an officer and a worker‚ officer and a trainee and also between worker and trainee. The good and learning environment helped
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A job interview is a process in which a potential employee is evaluated by an employer for prospective employment in their company‚ organization‚ or firm. During this process‚ the employer hopes to determine whether or not the applicant is suitable for the role. Contents 1 Role 2 Interview constructs 3 Process 4 Process model 5 Types of questions 5.1 History of interview questions 5.2 Behavioral questions 5.3 Situational interview questions
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The Comparison between the On the Job Training Performance of the Fourth Year From their Second Year On The Job Training of LSPU-SPCC A.Y. 2011-2012 to their employability. Chapter 1 The Problem and its Background Introduction: The students now days‚ enrolling related to Hospitality Industry. Because it is the in-demand course in all Universities and it has higher job opportunities. One of the fastest growing sectors of the economy of our time is the hospitality industry. The hospitality industry
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worldwide and you start to give your acceptance speech for winning a Grammy for Record of the Year! My dream job ever since I was little was to be a popular‚ legendary music artist. As nice as it sounds with money‚ popularity‚ and not to mention the thousands of fans‚ there have always been three key flaws of being a well-known singer; the no privacy‚ the work shift‚ and family. In the first place‚ becoming a celebrity‚ especially at a young age‚ would require accepting the fact that I would no longer
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Job Analysis Job analysis is the first step in designing and implementing a compensation system. The objective in completing a job analysis is to identify the content of the job‚ the knowledge and skills necessary to perform the job successfully and the conditions under which the job is performed. Job analysis may be defined as systematic detailed study of jobs‚ consisting of identifying and examining what is required of the person assigned to the job and the elements and characteristics
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116 CHAPTER- IV SECTION-I JOB SATISFACTION 4.1 INTRODUCTION Human Resource Management is considered to be the most valuable asset in any organization. It is the sum-total of inherent abilities‚ acquired knowledge and skills represented by the talents and aptitudes of the employed persons who comprise of executives‚ supervisors‚ and the rank and file employees. It may be noted here that human resources should be utilized to the maximum possible extent‚ in order to achieve individual
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