of different types of organisation We have two main types of business organisations. Which are Profit-making organisations and Not-for-profit organisations. In the profit making organisation‚ we have the Sole traders‚ Partnerships and LLPs‚ Companies and The Franchises. While on the Not-for-profit organisation we have the Quangos‚ Voluntary‚ public sector bodies and the charities. *SOLE TRADER- This is a simple business that is easy to set up‚ and which is usually a small business. It is owned
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Name___________________________________ ESSAY. Write your answer in the space provided or on a separate sheet of paper. 1) For each of the following changes‚ show the effect on the demand curve and state what will happen to market equilibrium price and quantity in the short run. a. Consumers expect that the price of the good will be higher in the future. b. The price of a substitute good rises. c. Consumer incomes fall‚ and the good is normal. d. Consumer incomes fall‚ and the good
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"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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A Note on Direct Costs Garrison et al.[1] define direct cost as a cost that can be easily and conveniently traced to a specific cost object. They go on to say that the concept of direct cost extends beyond just direct materials and direct labor. This is a reasonably accurate definition but I think you need a little more information to help you understand how to use this concept. There are certain features of direct costs that I would like to explain with this note. In the problems in Chapter
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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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PEOPLE IN ORGANISATIONS Level 7 I. ORGANISATIONAL BEHAVIOUR 1.1. The meaning of organizational behaviour We live in an organizational world. Organizations of one form or another are a necessary part of our society and serve many important needs. The decisions and actions of management in organizations have an increasing impact on individuals‚ other organizations and the community. It is important‚ therefore‚ to understand how organizations function and the influences which they
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Organisations and Behaviour Awarded By Edexcel Name: Zsolt Vida Student ID: 101345 Tutor: Sean Barrett Task: 2 Contents 3.a AN ORGANISATION IN PERIOD OF CHANGE. 3 3.b THEORIES OF MOTIVATION 4 MASLOW’S THEORY: 4 APPLICATION TO THE WORK SITUATION. 5 ALDERFER’S MODIFIED NEED HIERARCHY MODEL. 5 APPLICATION TO THE WORK SITUATION. 5 3.c IMPLICATIONS THESE THEORIES OF MOTIVATION HAVE FOR MANAGERS. 6 4.a IMPORTANCE AND INFLUENCE OF GROUP VALUES AND NORMS WITHIN AN
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Managerial Ethics Personal Learning Paper This paper is a summary of my understanding of how ethics has helped base my belief system on a personal level as well as in the workplace as a professional. The learning process is perpetual and the recent class on Managerial ethics has given me new insightson how I can still hold onto my own values while remaining respectful to those whovalue different ethical perspectives.Ethics can be defined as a philosophical study of moral values based on the
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in their use of the Matrix Organisation. Evaluate whether the Matrix Organisation is ideal for this organization. History Kohler Engineering is a large corporate that was formed in 1996 and is based in Harare .It specializes in the manufacturing and repair of trailers and agricultural implements. It has a huge customer base in Zimbabwe as well as the Southern Africa Region. Some of the industries it serves include‚ transport‚ agriculture and mining. It started as small organization with a few equipment
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organized sales department ◦ Eliminated duplication of effort ◦ Minimizes friction ◦ Maximizes cooperation Delegation of authority through ‘specialization’ Supervision becomes tough To achieve Coordination or Balance ◦ Avoiding technical nomenclatures ◦ Small‚ freely communicating groups Sales Organization Concepts Specialization The degree to which individuals perform some of the required tasks to the exclusion of others. Individuals can become experts on certain tasks‚ leading to better performance
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