Q1: Insurance companies in the state of Florida earned record profits in 2006‚ suggesting that Nationwide’s decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-2007 may have cost the company potential revenue and customer goodwill. Do you think Rommel’s quote about making a ’’sound business decision’’ reveals any perceptual or decision-making biases? Why or why not? Ans : Overconfidence bias is identified as ’’the tendency to overestimate the probability that
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I. My weight is only 38‚ while my age is 18‚ when I was confirmed by the doctor that I was under-weight. It is 3 years ago when I was vulnerable to infection as the symptoms of underweight. II. So‚ I search for something that can help me to gain weight. At last‚ I was being introduced to Herbalife by my friend. III. I make some research on Herbalife to know it better before I use it in order to achieve the targeted weight without putting myself at risk. IV. Today‚ I would like to inform
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If it’s true that the eyes are windows into the soul‚ then the face is a map to a person’s mindset. At this point in time‚ facial coding is no more of a science than palm reading‚ but it has the potential of developing into a new area of expertise that could end up being used on a scale just as large as the polygraph. Facial coding‚ or the practice of interpreting the minute details‚ shifts and movements of the hundreds of muscles on a person’s face‚ is essentially designed as a system of reading
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Cost Definition: A actual amount that has to be paid or given up in order to get some thing. In business cost is usually a monitory valuation of * Effort * Material * Resources * Time * Utilities consumed * Risk incurred * Opportunity foregone in a product. * Delivery of goods or services. * All expenses and cost Classification of cost Purpose of classification | classification | Preparing External Financial statements | Product classification (Inventoriable)
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Telephone Customer Service Representatives 1. How do you interpret the reliability results for the clerical test and work sample? Are they favorable enough for the company to consider using them “for keeps” in selecting job applicants? A. Clerical Test Coefficient alpha is high (.85‚ .86). This is a positive sign. Test-retest reliability is also high (.92). B. Work Sample (T) Inter-rater agreement is relatively high (88%‚ 79%) C. Work Sample (C) Inter-rater agreement
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What is organizational behaviour? How can managers apply it? Explain. Many organizations today‚ employ people of different ethnicity‚ culture and have subsidiaries in various parts of the world. Managers now have to find ways to manage effectively these variables to ensure the goals of the organization are accomplished. Managers get work done through others; therefore they need to have excellent interpersonal skills. As well as plan‚ organize‚ control resources and make good decisions on behave
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Final Report- Organizational Behavior “Issues in Organizational Behaviour based on own experiences” Student No. Structure: 1. Introduction 2. Main Body and Recommendations 3. Conclusion 4. References What is Organizational Behaviour? Organizational Behaviour is nothing else than developing our understanding and development of people skills. A multidisciplinary field devoted to understanding individual and group behaviour‚ interpersonal process and organizational dynamics. Different
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THE ESSENCE OF ORGANIZATIONAL BEHAVIOUR A definition of organizational behaviour ‘The study of the structure‚ functioning and performance of organizations‚ and the behaviour of groups and individuals within them’ (Pugh‚ 1971). Characteristics of organizational behaviour (Ivancevich et al‚ 2008) ● It is a way of thinking about individuals‚ groups and organizations. ● It is multidisciplinary. ● There is a distinctly humanistic orientation. ● It is performance-oriented. ● The use of scientific
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ORGANIZATIONAL BEHAVIOUR NOTES I. TOPIC 1: What is organizational structure? Key topics under structure: a) 6 elements of structure b) Org. design c) Models of structure d) Factors affecting org structure e) Global implication ORGANIZATIONAL STRUCTURE- refers to the way in which job tasks are formally‚ divided‚ grouped or coordinated. OR The formal system of task and reporting relationships showing how workers use resources. A. 6 elements of structure:
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Chapter I. What is Organizational Behaviour Organizational behaviour (OB) is a field of study that investigates the impact that individuals‚ groups‚ and structure have on behaviour within organizations‚ for the purpose of applying such knowledge toward improving an organization’s effectiveness. It studies three determinants of behavior in organizations: individuals‚ groups‚ and structure. In addition‚ OB applies the knowledge gained about individuals‚ groups‚ and the effect of structure on behavior
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