Which of the following is true? (Points : 1) Efficiency refers to the size of the economic pie; equality refers to how the pie is divided. Government policies usually improve upon both equality and efficiency. As long as the economic pie continually gets larger‚ no one will have to go hungry. Efficiency and equality can both be achieved if the economic pie is cut into equal pieces. 2. Pete receives $50 as a birthday gift. In deciding how to spend the money‚
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After reading chapter nine about strategic management I have found out that it is a key component of an organization. Many objectives have to be kept in mind when implementing strategic management such as understanding that both planning and designing a strategy involves a great amount of risk and resource assessment‚ the ways to counter the risks‚ and obtain effective utilization of resources all while trying to achieve a significant purpose. Organizations are normally established with a goal in
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Week One DQ 1 Consider how an organization must manage cash‚ receivables‚ and inventory. Which of the three variables is the most important to manage? Is one more susceptible to fraud and errors than the others? Explain your answer. How would a misstatement in each affect the organization? Cash is the most important to manage‚ because it is what keeps the company going. According to Kieso‚ Weygandt‚ and Warfield (2007)‚ cash is the asset most susceptible to improper diversion and use
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Chapter 14 Retention Management Turnover and Its Causes True / False Questions 1. There are several positive‚ functional outcomes of employee turnover. True False 2. Avoidable turnover is that which could have been prevented by actions like a pay raise or a new job assignment. True False 3. An employee’s perceived desirability of movement can depend on reasons that have little or nothing to do with the job. True False 4. An employee’s overall intention to quit
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To ensure that no discrimination exists when accommodations are requested due to religious and disability requirements‚ one must first be knowledgeable of the law itself. When reviewing requests for accommodations‚ individuals must submit the appropriate documentation to the Americans with Disabilities Act (ADA) coordinator which should include recommendations from a medical provider when the request is due to a disability. The key word in the ADA is “reasonable”. Employers are to provide reasonable
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Chapter 9: Organizational Structure and Design 9.1 Designing Organizational Structure Discuss the traditional and contemporary views of work specialization‚ chain of command‚ and span of control. Describe each of the five forms of departmentalization. Differentiate authority‚ responsibility and unity of command. Explain how centralization/decentralization and formalization are used in organizational design. Work specialization: dividing work activities into separate job task whereby individual
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PRODUCT MANAGEMENT (FINALS) March 26‚ 2014 What will you do to be able to design your sales quotas and sales territories? Why? How would you handle the assigning & organizing of your salespeople/sales person? Should Krisha will be benefit more if she choose to market her product in and around Luzon‚ or it will be profitable to market in a large segregate with high market potential? OBJECTIVES Achieve your sales budget of 1‚000‚000 numbers
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Questions: 1. What information and resources are required to develop position descriptions‚ duties and general understanding of job roles within a workplace? Outline in detail any consultation processes that should occur‚ who you should consult with‚ and how these position descriptions could be implemented? Following resources can be used to develop an effective position description • Departmental representatives from may provide with helpful ideas based on their experience and information.
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Question 1 2 / 2 pts When we say why we say "money has time value‚" we mean:<br> When we say why we say "money has time value‚" we mean: It takes time to make money Time is money Correct! Money to be received or paid at one time is not of the same value as money to be received or paid at another time A dollar to be paid today is worth less than a dollar to be paid next week Question 2 0 / 2 pts It is important for managers to be familiar with time value of money concepts because:<br>
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As you know‚ eight months ago we entered into a contract with Citizen-Schwarz AG to create custom e-banking software. The agreed contract outlined the details of the arrangement‚ including on-schedule delivery and quality of the deliverables‚ strong communication between both parties‚ procedures for any changes in the system requirements‚ intellectual property rights‚ and dispute management procedures. Depending on our performance‚ we were projecting to gain an additional contract with C-S’s larger
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