"Managerial ethics help to guide decision making and the organization of internal and external behavior. Ethical problems usually arise from a conflict between an individual or group and the company‚ division or department as a whole. Companies have created a set of values and standards that are recognized by managers and consistently referenced during the work day have created an ethical platform that can operate managers and make decisions. Training managers on the specifics of managerial ethics
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The financial activities regard running a corporation. In other words‚ Corporate Finance is mainly concerned with maximizing shareholder value through long-term as well as short-term financial planning along with the implementation of different strategies. Thus‚ this includes everything from capital investment decisions to investment banking falls under the domain of corporate finance. On the other hand‚ the shareholders own a corporation or you could say corporations are owned by its stockholders
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Personal Managerial Philosophy A manager is essentially a person that gives direction‚ provides leadership and decides how to use resources to accomplish organizational goals (Daft‚ 2008). As a person having been in the workforce for almost twenty-five years‚ I can say with experience‚ that managers and the methods they use to obtain organizational goals can make the difference between success and failure of a project and even an organization. A managerial philosophy is something that all managers
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1. Basic Concepts Product cost = Direct Labor (DL) + Direct Materials (DM) + Manufacturing Overhead (MOH) Financial accounting Managerial Accounting + Sales + Sales - COGS - Variable Costs = Gross Profit = Contribution Margin - SG&A - Fixed Costs = Net Profit = Net Profit COGS (Cost of Goods Sold) is an “inventoriable cost” ( recorded in the Balance Sheet as inventory and expensed (Income Statement) when goods are sold SG&A (Selling‚ General & Administrative) are
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Managerial Etiquette Abstract Today ’s competitive job market demands qualified and skilled manager. Among the many responsibilities of a manager‚ managing people demands a high level of expertise and professionalism. The manager ’s manners‚ which include business etiquette‚ protocols‚ codes of conduct‚ communication and interpersonal skills‚ and adherence to internal and external policies and procedures‚ dramatically influence managerial success. Managerial manners are essential aspects
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ASSAIGHNMENT NAME | DIVYA J.JATHANNA | ROLL.NO. | | COURSE | MBA-SEMISTER-1 | SUBJECT | MANAGERIAL ECONOMICS | SUBJECT CODE | MB0042 | LEARNING CENTER | TRACKS INDIA INFOTECH - 01508 | ASSIGHNMENT NO | | DATE | | SET 1 1) Mention the demand function. What is elasticity of demand? Describe the determinants of elasticity of demand. Answer: Demand function: The demand for a product or service is affected by its price‚ the income of the individual‚ the price of the other
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Introduction :-Auto Sector The Indian automobile industry produced a total 1.69 million vehicles including passenger vehicles‚ commercial vehicles‚ three wheelers and two wheelers in August 2013 as against 1.56 million in August 2012‚ registering a growth of 8.18 percent over the same month last year. The cumulative foreign direct investment (FDI) inflow into the Indian automobile industry during April 2000 to July 2013 was recorded at US$ 8‚932 million‚ amounting to 4.5 per cent of the total
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Name: Solution Mid-term Quiz #2 (15 marks) - ADMS 2510 F – School of Administrative Studies Faculty of Liberal Arts & Professional Studies‚ York University 90 minutes‚ 4 to 5:30 pm‚ October 28‚ 2012 Note‚ this is a closed book examination. Use only simple calculators; smart calculators‚ smart phones and cell phones cannot be used. There are three questions. Good luck. I-way Inc. has just organized a new division to manufacture and sell specially designed kitchen tables‚ using
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Raymond Castillo Managerial Communications (Man-373-OL009) Written Assignment 1 Hynes introduces a calculated approach to managerial communication by dissecting it into three separate‚ yet mutually dependent functions. Hynes believes that with these approaches‚ management and employees alike can learn to adapt to one another to create an effective work force. The first layer is based on the idea that an employer and his employees can create a positive work atmosphere with the communication climate
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University of Perpetual Help System Laguna Master in Business Administration Sto. Niño‚ Biñan‚ Laguna MANAGERIAL ACCOUNTING JAYSON G. GELILIO PROF. MARIA DIANA DELA VEGA‚ CPA‚ MBA‚ PhD. Problem 20-1 Beta Company produces two products‚ A and B‚ each of which uses material X and Y. The following unit standard costs apply: | Material X | Material Y | Direct Labor | Product A | 4 lbs. @ $13 | 1 lb. @ $8.50 | 1/5 hr. @ $14 | Product B | 6 lbs. @ $13 | 2 lbs
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