Jan 2011 Master of Business Administration-MBA Semester I Subject Code – MB0042 Subject Name – Managerial Economics Assignment Set- 1 Q1. Price elasticity of demand depends on various factors. Explain each factor with the help of an example. Answer. Elasticity of Demand: Earlier we have discussed the law of demand and its determinants. It tells us only the direction of change in price and quantity demanded. But it does not specify how much more is purchased when price falls or how much
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Goals of Sentencing There are five goals of sentencing: punishment‚ deterrence‚ incapacitation‚ rehabilitation‚ and restitution. Punishment‚ also called retribution is society’s way of getting revenge on a criminal for the harm they have caused. Retribution is society’s way of getting revenge or feeling like they got even with a criminal. In society a crime not only harms the victim of a crime‚ but society as well. A criminal’s injurious actions may outrage society as a whole. This creates the
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overcome communication hurdles. ❖ Hard working : He had determination to work hard. ❖ Clarity in goal : Suraj Bhai’s goal was very clear. ❖ Ready to take risk : Inorder to excel in any field‚ it is very much important to take calculated risk. Suraj Bhai had the guts to take risk. ❖ Will to win : Suraj Bhai was very determined towards his goal. He had strong self belief and commitment to win. ❖ Motivation and resourcefull : Suraj Bhai had a lot of self
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organisation. It is a formal‚ short written statement for the purpose of the current functioning of the company or an organisation. The actions of the organisation are guided by the mission statement. Mission statement should spell out the overall goal‚ provide a sense of direction and guide in decision making. Critical components that clarify each organisation’s purpose are common in case of all effective mission statements. Mission statements often contain the following: * Purpose and aim
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management involve planning‚ organizing‚ directing and controlling. Planning: It is pre-determined course of action. Planning pertains to formulating strategies of personnel programmes and changes in advance that will contribute to the organizational goals. It involves planning of human resources‚ requirements‚ recruitment‚ selection‚ training etc. It also involves forecasting of personnel needs‚ changing values‚ attitudes and behaviour of employees and their impact on the organization. Organising :
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ORGANIZATIONAL BEHAVIOR This test looks at individual behavior within an organizational setting. It examines the relationship of an individual’s personality‚ perceptions‚ motivation with the tasks assigned; groups interacted with‚ management and the dynamics of the organization. Topics include: historical roots of organizational behavior; individual differences; motivation and reinforcement; work stress; job design; group dynamics; leadership‚ power and politics; careers; performance appraisal;
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My Decision to Pursue an MBA Degree The decision to pursue a master’s degree these days is highly important due to the professionally competitive environment that we live in. Everyone has a bachelor’s degree but an MBA is a way to stay ahead from the rest‚ it sets you on a higher level. I chose to purse my MBA in order to further my career and have better opportunities. According to the “What’s my Jungian 16-type Personality?” assessment I have a possible career future as a manager‚ management
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in Accounting‚ Finance or International Business)‚ or an MBA. A great option to consider is an Early Career MBA – a full-time‚ traditional MBA program that is geared for young professionals. While a Master’s degree may have a shorter duration and may cost less‚ it also prepares you for a more limited‚ narrowly-defined role within an organization. If you strive to become a manager or entrepreneur in business or non-profit management‚ the MBA is a stronger long-term option because: * You gain
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the three assignments are to be completed by due dates (specified from time to time) and mailed/given by hand for evaluation at the ACeL office Noida/your study centre. The evaluated assignments can be collected from your study centre / ACeL office after six weeks. Thereafter‚ these will be destroyed at the end of each semester. Signature Date : : Jayesh Kumar G Pillai 31 May 2011 (√ ) Tick mark in front of the assignments submitted Assignment ‘A’ . √ Assignment ‘B’ √ Assignment ‘C’ √
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Amanda Evanson Immediate and Long-Term Effects of the Korean War University of Phoenix The Korean War started with communist North Korea invading anti-communist South Korea. The United States‚ who were already in North Korea to some extent joined forces with South Korea to help them against the North Korean invasion. They saw the Korean War as a fight against communism and felt that if North Korea was able to take over South Korea it would lead to communism spreading and taking over one area
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