How legislation affects schools and the individuals working in them Schools have to follow the laws and codes and are expected to operate under certain legislations. As an individual working in a school you will need to be aware of laws and codes of conduct that affects the life of a school. These are: Data Protection Act This act is there to ensure that schools keep and use information only for the purpose that it is collected for. Education Act This is constantly been updated and gives the
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Business (UKM-GSB-LHDN) Cost Classification: Government Agency PROBLEM 2-56 The Department of Natural Resources is responsible for maintaining the state’s parks and forest lands‚ stocking the lakes and rivers with fish‚ and generally overseeing the protection of the environment. Several cost incurred by the agency are listed below. For each cost‚ indicate which of the following classifications best describe the cost. More than one classification may apply to the same cost item. The Answers
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(remember to include entitlement and provision for early years educational) 4. Summarise the options open to students from the age of 16 Task B - Understand how schools are organised in terms of roles and responsibilities (2.1/ 2.2) 1. Draw an organisation chart‚ identifying those with responsibility for strategic management and operational management for a school you are familiar with. 2. Explain the strategic purpose of: a) school governors b) a senior management team c) other statutory roles
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maximize their profits through a combination of maximizing revenue and minimizing costs. The profit maximization objectives must be qualified by a time dimension. A firm that pursuing a short-term profit-maximizing objective may act very differently to one that seeks to maximize long term profit. This may be reflected in a differing emphasis on research and development‚ new product development and market development strategies. However‚ the ability of organization to pursue long-term profit-maximizing
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Compare and contrast CAPM and APT? Capital asset pricing model (CAPM) and arbitrage pricing theory (APT) are both methods of assessing an investment’s risk in relation to its potential reward and whether the potential investment yield is worthwhile. CAPM developed by Sharpe 1964. The basic theory behind this model is that investor needs to be compensated for Time Value of Money and the risk that they are taking. The time value of money is represented by the risk-free (rf) rate in
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Aesthetics shall be given importance in design. 5. The first fabricated trolley is to be submitted for scrutiny as per General technical requirements. The remaining trolleys are to be fabricated based on the scrutiny and acceptance by GTRE. 6. Vendor is permitted to display his firm name and address at one location on each side with label plate size not exceeding 15x7 cm. 2. WARRANTY The Vendor shall collect‚ repair and deliver the trolley to GTRE free of cost in case of damage
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Explain how an organisation can cost a product and determine its price at any activity level The main costs and elements that a business needs to consider‚ taking into account the nature of these costs as well are: * Expense of buying vehicles or maintaining it * Mortgage * Business Rates * Wages Extra / Wages * Drawings * Advertising * Insurance * Loan repayment interest * Loan repayment capital * Purchases / VAT on purchases * VAT paid to C & E
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Discuss the concepts of limit and predatory pricing. Explain how imperfect knowledge of other firms’ costs or financial conditions can lead to limit or predatory pricing. Limit pricing is when an incumbent firm sets a “low price with the purpose of deterring entry”. Predatory pricing is when an incumbent sets an “‘irrationally’ low price [possibly below cost] so other firms can’t compete” forcing existing firms to exit the market. Both pricing strategies require at least two periods: the first to
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roles of the human resource professionals. The level of performance of and organisation depends on the effectiveness of its recruitment function. Organisations have developed and follow recruitment strategies to hire the best talent for their organisation and to utilize their resources optimally. A successful recruitment strategy should be well planned and practical to attract more and good talent to apply in the organisation. The objective of the recruitment process is to obtain the number and quality
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INTRODUCTION DEFINITION Organizational culture is the collective behavior of people that are part of an organization‚ it is also formed by the organization values‚ visions‚ norms‚ working language‚ systems‚ and symbols‚ it includes beliefs and habits It’s also the pattern of such collective behaviors and assumptions that are taught to new organizational members as a way of perceiving‚ and even thinking and feeling. Organizational culture affects the way people and groups interact with each other
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