CHAPTER 1—NATURE AND SCOPE OF MANAGERIAL ECONOMICS MULTIPLE CHOICES 1. Business profit is: a. the residual of sales revenue minus the explicit accounting costs of doing business. b. a normal rate of return. c. economic profit. d. the return on stockholders’ equity. 2. To maximize value‚ management must: a. maximize short run revenue. b. minimize short run average profit. c. maximize long run profit. d. maximize short run profit. 3. Value maximization is broader than profit maximization because
Premium Microeconomics Economics Profit
Introduction This assignment will analyse the organisation behaviour of two mining companies: WMC Resources and BHP Billiton. It will discuss issues such as: motivating in the short term‚ resistance to change‚ internal and external forces that favour change‚ characteristics of an effective team‚ factors of team effectiveness‚ and how to use punishment strategies successfully. Summary Clear understanding of the relationship between performance and outcomes – e.g. the rules of the reward
Premium BHP Billiton Reinforcement
International Financial Management‚ 2e (Bekaert / Hodrick) Chapter 1 Globalization and the Multinational Corporation 1.1 Multiple Choice Easy 1) Which of the following was created in an effort to promote free trade? A) World Trade Organization B) the Sarbanes-Oxley Act C) multilateral development banks D) the Organization for Economic Cooperation and Development Answer: A 2) Which one of the following is an investment from which the payoff over time is derived from the performance
Premium European Union World Trade Organization Globalization
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) A field of study that investigates the impact of individuals‚ groups‚ and structure on behaviour within organizations is known as A) psychology. B) sociology. C) social psychology. D) anthropology. E) organizational behaviour. 2) What is characteristic of Johan’s department is that there is a broad mix of people in terms of gender‚ race and ethnicity. This is known as A) diversity
Premium Conflict Reinforcement
Organisational Behaviour. The Volta Aluminium Company Limited (VALCO) is an aluminium reduction facility (smelter) located in the industrial seaport city of Tema‚ east of the capital city of Accra. VALCO was originally jointly owned by Kaiser Aluminium and Chemical Corporation (KACC) - 90% and Reynolds Metals Company .The Government of Ghana purchased the 90% shares of KACC in October 2004 and subsequently completed acquisition in June 2008. Therefore‚ currently VALCO is solely owned by the
Premium Organizational culture Decision making Management
underlying problems that exist in the accounting department. In the last section are some resolutions to improve the current situation. We discuss ways to provide motivation for employees‚ and reduce turnover from various theoretical models in organisational behaviour. Section 1 – Company Background Lock&Lock established in 1978‚ is a Korean based company with hundreds of subsidiaries and branches worldwide. Lock & Lock has 5024 employees including overseas employees and has 10 subsidiaries
Premium Motivation
Chapter 17 Hiring and Managing Employees MULTIPLE CHOICE QUESTIONS 50. Which of these is the process of staffing a company and ensuring that employees are as productive as possible? a. Staffing policy b. Human resource management c. Recruitment d. Human resource planning 51. International human resource management differs from human resource management in a domestic setting in which of these ways? a. Managing compensation b. Accommodating expatriates
Premium Human resource management Management Human resources
outside of the box” b. Self direction c. Optimism d. Goal setting 6. The term “metacognition” is defined as: C a. Learning about objects b. Learning about science c. Learning about learning d. Acting without thinking 7. There are four questions connected to the modes of learning. They include all of the following except: D a. Why? b. What c. How? d. When? 8. Strong self motivation encourages all of the following except: B a. Changing one’s mind b. Ignoring goals c. Comparing benefits
Premium Goal Educational psychology Kinesthetic learning
Multiple Choice Quiz Results Reporter Out of 10 questions‚ you answered 6 correctly with a final grade of 60% 6 correct (60%) 4 incorrect (40%) 0 unanswered (0%) Your Results: The correct answer for each question is indicated by a . Top of Form 1 INCORRECT Which of the following represents the order of priority for the three primary organizational key resources? A) Information‚ people‚ information technology B) Information‚ information technology‚ people C) People‚ information
Premium Input device Network topology Hypertext Transfer Protocol
things? To what extent‚ and in what ways‚ are employees motivated by different things? How can we accommodate differences? Introduction The purpose of this paper is to identify different employee motivators and their significance to the organisational outcome thorough‚ recognising different motivational theories and their applications in different examples within the hospitality industry‚ with a particular focus in the restaurant business in the UK. Being a service industry‚ the employee motivation
Premium Motivation Maslow's hierarchy of needs