2.1 Ten managerial roles as identified by Mintzberg Managerial roles define behaviors and traits certain managers possess. Henry Mintzberg identified ten managerial roles. Henry Mintzberg developed a thesis based on his research about the nature of managerial work analyzing the actual work habits and time management of CEOs. In his research‚ he had come up with the identification of the following 10 separate roles in managerial work: The first managerial role is a figurehead. A figurehead is
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entire company. Managerial accounting is primarily used by individuals within a company or organization. The main purpose of financial accounting is to prepare financial reports that provide information about an organization’s performance to external parties like creditors‚ investors and tax authorities (Hilton‚ 2006). There are several key differences between both managerial and financial accounting. The first key difference is in the purpose of each method. For example‚ managerial accountings’
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Name Professor Subject Date Global Managerial Economics The small and medium-sized enterprises (SMEs) form a crucial part of the U.S. economy. The SMEs create the most jobs in the country; they target the ordinary Americans for employment thus making them a very important component of the economy. Without the SMEs‚ the economy will bleed millions of jobs‚ adversely affecting the economy. This is the reasoning behind the drive by President Obama to give this sector newly acquired impetus and promote
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Qn. Discuss managerial actions that affect the value of the firm. Managerial actions range from strategy decisions‚ to capital structure decisions to decisions on the composition of the managerial team. Dividend Policy The dividends issued by a firm to its shareholders have a signalling effect to the market as they reflect the management’s view on the future prospects of their firm. An increase in ordinary dividends by management is a sign of managerial optimism about the future.This
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ACCT 2332 Managerial Accounting Instructor Dr. Michael Yampuler E-mail: myampuler@uh.edu Office: 380K MH Managerial accounting helps managers make decisions A company manufactures a cell phone. It uses machines‚ engineers‚ utilities‚ supervisors etc. How much is the cost of one phone? How much should we sell it for? A footwear company manufactures dress shoes‚ casual shoes‚ and sandals in the same factory. Sandals do not seem to sell well enough. Is it beneficial to discontinue
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IS535 Managerial Application Of Information Technology Assignment 4 Articles This article describes the technology that enables clients of IBM’s federated database engine to access and integrate the data and specialized computational capabilities of a wide range of relational and non-relational data sources. By enabling the database access for their clients‚ they are creating value to their
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1) Discuss the owner-manager conflict within the firm. Provide two real world manifestations of the conflict. Owner-manager conflicts finds it basis on the self-interested behaviors of managers‚ owners and shareholders. Firm managers may have personal goals that conflict with the owner’s goals of maximizing shareholder wealth. Potential conflicts occur when managers seek to maximize their own utility at the expense of the firm’s shareholders. Conflict between owners and managers typically arise
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THE UTILITY CONCEPT THE term utility refers to satisfaction a consumer gets from whatever goods and services he consumes. It will be useful to discuss between two utility concepts: (i) total utility (ii) marginal utility Total utility attained from a commodity refers to the sum total of satisfaction which a consumer receives by consuming the various units of the commodity. The more units he consumes‚ the greater will be his total satisfaction upto a certain point. As he keeps on
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4.) A firm contemplating an advertising campaign that promises to yield $120 one year from now for $100 spent now. Explain why the firm should not undertake the advertising campaign. Because of the Time Value of Money; the $120 might have a Present Value that is lower than the $100 spent now‚ therefore the campaign would have a negative Net Present Value and should not be undertaken. 5.) Determine which of two investment projects a manager should choose if the discount rate of the firm is 10
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1. Question : (TCO A) Wages paid to an assembly line worker in a factory are a Student Answer: Prime Cost YES.....Conversion Cost NO. Prime Cost YES.....Conversion Cost YES. Prime Cost NO....Conversion Cost NO. Prime Cost NO.....Conversion Cost YES. Instructor Explanation: Chapter 2 Points Received: 6 of 6 Comments: 2. Question : (TCO A) A cost incurred in the past that is not relevant to any current decision is classified as
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