Managing People and Organisations F84T 34 R.A.Piyumi Kalapana CONTENTS ACKNOWLEDGMENT Foremost‚ I would like to express my sincere gratitude to my advisor Ms. Upekha Manamendra for the continuous support of create this report‚ for her patience‚ motivation‚ enthusiasm and immense knowledge. I could not have imagined having a better advisor and
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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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Managerial economics is a science that deals with the application of various economics theories‚ principles‚ concepts and techniques to business management in order to solve business and management problems It deals with the practical application of economic theory and methodology to decision-making problems faced by private‚ public and non profit making organizations.. In the words of Spencer and Seigelman "Managerial Economics is the integration of economic theory with business practice for
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Master of Business Administration- MBA Semester 1 MB0042 – Managerial Economics - 4 Credits (Book ID: B 1625 ) Assignment Set -1 (60 marks) Note: Assignment Set -1 must be written within 6-8 pages. Answer all questions. Q1. Discuss profit maximising model in detail. 10 marks(350-400 words) Answer : Profit maximization is the rational behaviour of equilibrium assumption. Any firm which aiming at profit maximization model; will go increasing its output till it reaches maximum profit output
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Table of Contents Executive Summary2 Background3 Objective3 Results Obtained4 Recommendation4 Rationale5 Managerial Report6 Appendix11 Executive Summary background Darby Company manufactures and distributes meters used to measure electric power consumption. The company has production plants in El Paso‚ Texas and San Bernardino‚ California. The company also has three distribution centers in Fort Worth‚ Texas; Santa Fe‚ New Mexico; and Las Vegas‚ Nevada. The company has nine customer
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The States Technological Impact What Started as a European conflict turned into a global issue. World War I lasted for four years‚ 1914-1918. It is known at the war to end all wars. When Austria-Hungary declared war on Serbia because of the assassination of their Archduke the European powers divided into two sides. The first side was known as the Triple Alliance made up Germany‚ Austria-Hungary‚ and Italy. The other side was called the Triple Entente of France‚ Great Britain‚ Russia‚ and later on
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Assignment #1 1. Define scarcity and opportunity cost. What role d these concepts play in the making of management decisions? Scarcity is a condition that exists when resources are limited relative to the demand for their use. Another way of describing this condition is to state that scarcity exists when resources are not available in unlimited amounts. When resources are available in unlimited amounts‚ economists consider them to be “free” goods. Because of the scarcity of resources‚ choices
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Week Two Read Me First MANAGERIAL BUDGETING Introduction This week covers the various cost descriptors such as fixed‚ variable‚ direct‚ indirect and the budget cycle. We will discuss applying cost-benefit analysis to an organizational situation and how it is used at different levels of public budgeting‚ governmental‚ and non-profit accounting. We will discuss line item budgeting‚ program budgeting‚ and performance budgeting This Week in Relation to the Course In the first week we
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Quiz Questions for Chapter 1 1. Waverly Company paid $5‚000 cash for wages of production workers. This business event would: a. increase total assets and total equity. b. increase one asset account and decrease another asset account. c. decrease total assets and total equity. d. decrease one asset account and increase an equity account. 2. Warren Company makes candy. During the most recent accounting period‚ Warren paid $3‚000 for raw materials‚ $4‚000 for labor‚ and
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the following would not shift the demand for good A? A. B. C. D. drop in price of good A. drop in price of good B. consumer income. change in the level of advertising of good A. 6. Changes in the price of good A leads to a change in: A. B. C. D. demand of good A. demand of good B. the quantity demanded of good A. the quantity demanded of good B. 7. A change in income will not lead to: A. B. C. D. a movement along the demand curve. a leftward shift of the demand curve. a rightward shift
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