definition on communication]. Communication is very important in our daily lives as well as in workplace. Communication also plays a vital role in businesses. Business communication needs to be well-organized and professional. As all other types of communications‚ business communication also can be either verbal or non-verbal or could be a combination of both. Written communication and oral communication are examples of verbal communication. To compose effective written or oral messages‚ you must apply certain
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Why international business is important for Thailand? Nowadays international business has played an important role in globalization. Many countries are interested in international business and try to push their companies to become international businesses. Why many countries interested in international business? The simplest answer is that they want to enlarge their market to other countries. They also get lot of benefits such as avoiding transport cost‚ seeking the lowest cost and escape trade
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Sampling and Measures of Central Tendency and Dispersion Introduction: Overall Job Satisfaction (OJS) was the variable selected for this exercise because it lends itself to measures of central tendency and dispersion. The data are quantitative and continuous in nature. Data Selected: The instructions for the exercise suggested a sample of approximately 30 individuals from one of eight variables. There were 288 measures of OJS. Every ninth individual was selected resulting in thirty-two
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: Effective Communication in Business The communication process involves several stages. These stages are described as the sender‚ encoding‚ transmission decoding‚ the receiver‚ feedback and the noise. The sender is the person who originates the communication and he may be an individual person‚ the group of people or an institution who will prepare the message. The prepared messages are encoded and is sent to the transmission equipment. The messages to be send is transform into a form of
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significance 5. To compute the minimum sample size for an interval estimate of μ‚ we must first determine all of the following except d. degrees of freedom 6. The use of the normal probability distribution as an approximation of the sampling distribution of [pic] is based on the condition that both np and n(1 – p) equal or exceed b. 5 7. The sample size that guarantees all estimates of proportions will meet the margin of error requirements is computed using a planning
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who shoot straight. When they are happy‚ you know it. When they are angry‚ they let you know." Success of any business lies in effective communication. The more effective the communication is‚ the better the results are. Communication is effective when it produces desired action in the reader or audience. You should be straight forward and sincere while communicating in a business environment. If you are not honest and direct when communicating to others there is a greater chance that you may
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Why is strategic management important to a corporation? For many years‚ businesses have been failing and this failure has been attributed to the inability of managers to strategically manage business processes and operations. As a result of these failures‚ more business managers are paying keen attention to strategic management because of its importance to the continuity of a business. Strategic management is a strategy that is focused on long-term planning within an organization that takes into
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economics that studies application of principles of economics to various business situations. A Business organization is essentially a group of people who have come together for attaining certain common objectives. These objectives are largely material in nature – eg. profits‚ salaries‚ production for the purpose of consumption‚ etc. The behavior of this group of people is therefore a subject matter of study for economics. A Business Manager is responsible for leading this group of people in the direction
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Is business ethics important? If so why? Before we discuss the importance of ethics in business‚ it is very essential to examine a prominent theory when conducting business ethics and that is utilitarianism. This theory accounts for the concepts of duty or obligation‚ rights‚ and justice. It is routine that the utilitarianism theory is divided up into two groups. These two groups are that of teleological and deontological theory. The teleological approach deals with consequences. “It states that
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of Business Statistics 4th ed.). A. The dollar amount on an accounts receivable invoice. This would be quantitative‚ because it is showing the actual dollar amount and is not grouping it into different categories. B. The net profit for a company in 2009. This would fall under quantitative since seeing an actual number for a company and once again there is no grouping or categories that it falls under. C. The stock exchange on which a company’s stock is traded. This would be
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