1.Enterprise System – are software applications that have cross-organizational capabilities as opposed to department or group-specific programs. They allow for collaboration and communication across the organization through collection of data that is accessible and usable by multiple departments EXAMPLE: CRM Customer relationship management (CRM) is one of the most popular examples of an enterprise system. It is a popular marketing system that is used to optimize the customer experience and
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What are the Objectives of Public Enterprises? SOUMYA SINGH In India‚ public enterprises have been assigned the task of realising the objectives laid down in the Directive Principles of State Policy. Public sector as a whole seeks: (a) to gain control of the commanding heights of the economy‚ (b) to promote critical development in terms of social gain or strategic value rather than on consideration of profit‚ and (c) to provide commercial surplus with which to finance further economic development
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CIA III Psychological Measurement and Statistics Likert Scale: A Critical Analysis By‚ Mahika Sharma Likert Scale: A Critical Analysis Introduction The Likert Format arises from the scale for measuring attitudes (Kaplan‚ & Saccuzzo‚ 2001)‚ the first of which was originated in 1932 by Rensis Likert (Edmondson‚ 2005). The rationale behind development of the Likert Scale by Rensis Likert was to measure psychological attitudes in a “scientific” way in 1932 and later in 1934 to expand upon the scaling
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Human Sexuality 21 Professor Lanoix December 4‚ 2012 Pros and Cons of the Kinsey’s Scale Sex was such a horrible topic to talk about‚ but a biologist of Indiana University introduced a scale that broke the silence. The silence changed due to this biologist named Alfred C. Kinsey (1894-1956). Kinsey broke the silence because before the scale everyone would keep their sexual orientation to themselves and most likely did not tell anyone. In other words‚ he was a great influence to people because
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The economies and diseconomies of scale Profit is the most important issue for a business‚ how to exploit the opportunities and maximize the profit has long been the top priority of the competition. Since the profit is simply the result by subtracting the expense from income‚ how to balance the relationship between input and output can be crucial and conclusive to a firm’s competitiveness and development. This essay will
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differences between the Stanford Binet Intelligence Scale and the Wechsler Intelligence Scale. Intelligence: According to the Oxford Dictionary in psychology terms intelligence is the general mental ability involved in calculating‚ reasoning‚ perceiving relationships and analogies. It is also the ability to learning quickly‚ storing and retrieving information‚ using language fluently and adjusting to new situations. Stanford -Binet Intelligence Scale In 1857-1911 Alfred Binet invented the method
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Returns to Scale Returns to scale is a concept that tries to explain the behaviour of the output in relation to the change in the total scale of operations of the firm. A change of scale of operations means a change in the total size of the firm‚ i.e. a change in both labour and capital of the firm. For determining the returns to scale‚ we need to calculate the Output Elasticity where: Output Elasticity = % change in Output/% change in all inputs The different types of returns to scales are:
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Economies of scale are the main drivers of corporate gigantism in the 20th century. Economies of scale simply refers to the cost benefit achieved with an increasing output / product unit. Economies of scale exist due to the inverse relationship between quantity produced and per-unit fixed costs ; the higher the quantity produced‚ the lower the cost per unit. Economies of scale can be seen in an orange juice production. The more orders ‚ or the more fruits‚ the growers harvest‚ the more savings
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References: Adebiyi‚ M.A; Adenuga‚ O.A; Abeng‚ M.O and Omanukue‚ P.N (2008) “Oil price shocks‚ Exchange rate and Stock market Behaviour”. Empirical evidence from Nigeria. Abdelaziz‚ M: G Aleisa‚ E.A: and S. Dibooglu (2002) “Sources of Real Exchange Rate Movements in Saudi Arabia” Journal of Economics and Finance Volume 26‚ Number 1‚pg 101-110. Ayadi‚ O.F‚(2005). ‘Oil Price Flunctuations and the Nigerian Economy’
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Business Audit Definition: Business Audit are skills needed to run your business‚ examples include; Commitment to business‚ product/service skills and technical management skills. Skills need to run the business: * Time Management: As a sole trader this skill is needed because I will need to allocate specific time to projects and other areas of the business. This would allow me to focus certain amount of time to other assets of my company. * Understanding Responsibility: This is important
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