ASSIGNMENT BMMF5103 MANAGERIAL FINANCE 15 July 2013 QUESTION 1 a) Maximizing shareholder wealth is a “moral imperative” for financial manager means managers are supposed to work for shareholders who are the actual owners of a company or corporation. Shareholders elect company directors who in turn hire managers to run the company on day to day basis with the view to make profit for the company. Managers are paid for their services rendered to
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Being Late Being late is unacceptable in any working environment. Every person is late at least a few times in his/her lifetime. Some people can be late occassionally due to circumtances beyond their control. Bill was late for his job presentation. Bill’s excused was because of the traffic‚ and there is an ongoing road construction that is causing the traffic. The people that Bill supposed to meet in the meeting were disappointed‚ embarrassed‚ and not willing to extend their waiting time period
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completed. During all this time‚ the entrepreneurs have to honors his contractual obligations and wait for the goods to get ready for sale. He has also to guard himself against possible fire‚ theft etc. finally‚ if his estimates go wrong‚ the entrepreneur may not be in a position to realize even the expenses that he has incurred on the production. An entrepreneur has to bear these risks and enjoy the surplus of revenue over costs‚ as Hawley himself puts it‚ “the profit of an undertaking‚ or the residue
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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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personal trait that is a reflection of a person’s character‚ it shows that you have personal integrity and self-discipline. While some of us are occasionally late due to circumstances beyond our control‚ repeated tardiness shows a lack of respect for other people and their time. If someone is late continually that shows that they do not care about what their NCO tells them. If you don’t use your time wisely‚ you can never get it back. It is a very special resource in that you cannot store it or save it
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perhaps more than any genre in the history of popular music‚ is almost impenetrably tangled in ideologies.” Amazing isn’t it‚ more popular than any other genre. Punk has changed many lives in many ways. Punk Rock was developed in 1975 in the U.S.‚ U.K.‚ and Australia. Punk was exchanged between the U.S. and the U.K. many times (PUNK ROCK). It has combined Rock N’ Roll‚ Grunge‚ and Heavy metal. It was formed into many different waves for different listeners‚ such as from ‘Punks’ to ‘Rebels.’ 1976 bands like
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Virginia Mwangi Name of institution Subject name September 24‚ 2011 Eating habits In a nutshell‚ I can describe the change in my eating habits since I joined college as transference from one distinct end of a continuum to the other. This is because they changed from healthy to unhealthy‚ regular to irregular and from eating in plentitude to small meals. The paucity of my pocket was partially responsible for the shift from plenty to minimal. With the little allowances my mom gave
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KEY CONCEPTS • managerial economics • theory of the firm • expected value maximization • value of the firm • present value • optimize • satisfice • business profit • normal rate of return • economic profit • profit margin • return on stockholders’ equity • frictional profit theory • monopoly profit theory • innovation profit theory • compensatory profit theory Managers‚ Profits‚ and Markets Chapter 1 How Is Managerial Economics Useful? • Evaluating Choice Alternatives • Identify ways
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Managerial Economics Meaning: - Managerial Economics deals with money/income. It helps in decision making regarding sales‚ production‚ and profit. It is a branch of economics that applies microeconomics analysis to decision methods of businesses or other management units. Artha – Money/Income Shasthra – Body of Knowledge Economics – Body of knowledge which deals with the management of money. DEFINITIONS OF MANAGERIAL ECONOMICS • According to
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MANAGERIAL ROLE: 1. INTERPERSONAL ROLES (i). Figurehead role- In this role a manager performs symbolic duties required by the status of his office. Making speeches‚ bestowing honors‚ welcoming official visitors‚ distributing gifts to retiring employees are examples of such ceremonial duties (ii). Leader- This role defines the manager’s relationship with his own subordinates. The manager sets an example :legitimizes the power of subordinates and brings their needs in accord with those of his
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