2015 1. What is Profit Maximization using TR-TC Approach? Profit Maximization using TR-TC Approach is a method in determining the Profit and the Loss of a certain Company. To obtain the profit maximizing output quantity‚ we start by recognizing that profit is equal to total revenue (TR) minus total cost (TC). Given a table of costs and revenues at each quantity‚ we can either compute equations or plot the data directly on a graph. (Lipsey‚ 2011) Figure 1.Illustration of Profit Maximization using
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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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commitment and job satisfaction are associated variables that affect organisational outcomes (Testa 2001). Organisational commitment can be define as ‘ a state in which an employee identifies with a particular organisation and its goal‚ and wishes to maintain membership in the organisation’ (Blau & Boal‚ p. 290). While‚ job satisfaction is referring to an individual’s general attitude towards their job and employee performance (McIntyre et al 2002). Research indicated there are three aspects were
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Introduction In this rapidly growing dynamic environment‚ organisations are fighting a constant battle to remain competitive; in such‚ the usage of teams has grown to be a criterion for organisational success. Organisations create teams for various reasons. Teams give a sense of responsibility and empowerment to members who are performing the tasks assigned. This‚ in return‚ increase efficiency and productivity‚ at the same time allow organisation to minimize its bureaucracy and foster flexibility. Other
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Aftermath: Population Zero Imagine if one minute from now‚ every single person on Earth disappeared. All 6.6 billion of us. What would happen to the world without humans? How long would it be before our nuclear power plants erupted‚ skyscrapers crumbled and satellites dropped from the sky? What would become of the household pets and farm animals? And could an ecosystem plagued with years of pollution ever recover? Similar to the History Channel’s special Life After
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What is a static budget? A static budget is a budget that does not change as volume changes. If a company’s annual master budget is a static budget‚ the budget for sales commissions expense will be one amount such as $200‚000 for the year. In other words‚ in a static budget the budgeted amount for sales commissions expense will remain at $200‚000 even if the actual sales during the year are $3 million‚ $4 million or $5 million. In contrast to a company’s static master budget‚ the company’s sales
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Organisations and Behaviour (Unit 3) BTEC Higher National Diploma(HND) in Business Marketing Level 4 Module Tutor: Esther M. Aivinhenyi Student: Ionela Done CONTENT Organisational structures and culture…………………………………………………..3p Explain how the relationship between an organisation‟s structure and culture can impact on the performance of the business………………………………………4p Factors which influence individual behavioural at work……………………………….6p Compare the effectiveness of the different leadership
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relate its history and the emergence of the Matrix organization. Discuss the benefits and problems perceived by members of the organization 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
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The Budget Analysis Why do we use budgets? Well‚ as individuals if we did not use budgets then we would not have enough money to spend it on the things we love to do. Therefore‚ there is no difference in the business world; a budget is a plan that helps organizations achieve their financial and strategic goals (Nobles‚ Mattison‚ & Matsumura‚ 2014‚ p. 1316). However‚ a budget is not all about crunching numbers together; it is a process that will be discussed in detail that addresses the potential
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cultures and Deal & Kennedy’s cultures. In your opinion‚ which is a more realistic representation of organisational culture? Justify and explain your answer. Organisational culture is a shared value belief which binds the people of an organisation together to achieve a particular objective. “In the early 1980s organisational culture became increasingly considered as both an obstacle to change and a vital ingredient of organisational success or failure” (Ian Brooks‚ 2003). Handy culture has
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