A. FIRM AND ITS OBJECTIVE: Conventional theory of firm assumes profit maximization is the sole objective of business firms. But recent researches on this issue reveal that the objectives the firms pursue are more than one. Some important objectives‚ other than profit maximization are: (a) Maximization of the sales revenue (b) Maximization of firm’s growth rate (c) Maximization of Managers utility function (d) Making satisfactory rate of Profit (e) Long run Survival of the firm (f) Entry-prevention
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1. Administrative Findings Given Great Weight in Court Sebastian F. Oasay‚ Jr. vs. Palacio del Gobernador Condominium Corporation and Omar T. Cruz‚ [G.R. No. 194306‚ February 6‚ 2012.] LINK: http://lexoterica.wordpress.com/2012/03/05/february-2012-philippine-supreme-court-decisions-on-labor-law-and-procedure/ Appeal; factual finding of NLRC. Findings of fact of administrative agencies and quasi-judicial bodies‚ which have acquired expertise because their jurisdiction is confined to specific
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Office Automation SI International (SII) is a company that provides numerous services to military organizations. While "SII" is primarily an Information Technology company‚ they have numerous contracts which extend beyond Information Technology. One of these contracts is the full service center at the Personnel Service Branch section for the United States Army. The center completes numerous tasks and other co-workers must interact with other co-workers in order for our section to operate smoothly
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TASK 7 WHAT AN ADMINISTRATIVE BUDGET IS‚ AND HOW TO DEVELOP ADMINISTRATIVE ASSISTANT SKILLS? An Administrative Budget is an official‚ detailed financial plan for a business. This is usually prepared on a quarterly basis. This is how the cost of running an operation that is not tied to production is identified. Having a budget enables management to control the day to day activities of a business. An administrative budget is a formal breakdown of all planned expenses. It allows management
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Administrative and Politics Dichotomy Christopher J. Corbett Grantham University Professor Rob McNellis Abstract For many years‚ the political-administrative dichotomy has been one of the most disputed theories of public administration. Despite serious debates and critiques‚ the differences between politics and public administration have been present over the past decades. The question still remains today whether or not politics and public administration can work
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Conflicting Objectives Stacy Monroe BUS 631 May 08‚ 2011 Buyers and Suppliers Relationship A buyers and suppliers relationship is often conflicting but their main objective is for each party to maximize its time‚ resources as well s their cash investments (Ireton‚ 2007). Sometimes these relationships have competing priorities and much like a marriage‚ will put a strain on the relationship. Each is dependent on the other in some way. According to our text‚ to determine whether a particular
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Administrative Ethics Paper You see it everywhere: work‚ school‚ shopping malls‚ and though it is considered illegal in most states‚ the car next to you at the stop light. People are on their cell phones talking or text messaging (TM). There are some cell phones that can connect to the internet‚ but most cell phones have the ability for short message service (SMS)‚ also known as texting. Cell phones and TM are great ways to keep in touch with co-workers‚ friends‚ family members‚ and now physicians
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115.108: MANAGEMENT AND ORGANIZATION ASSIGNMENT 1 Mary Parker Follett has been described by Schermerhorn et al. as an Administrative Theorist within the Classical approach to management. However‚ others have seen her as ahead of her time‚ and have even described her as ’thoroughly modern ’. What were Mary Parker Follett ’s main contributions to management thought and practice; how do they relate to classical management theory and practice and how are they relevant to managers in contemporary
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Office Ergonomics Contents 1. Introduction 2. Office Computer Workstations 3. Computer Workstation Evaluation Checklist 4. Appendix A 1. Introduction Ergonomics is the process of designing the work environment to fit the worker‚ rather than fitting the worker to the work environment. The goal of this ergonomic program is to minimize accidents and illnesses due to chronic physical and psychological stresses‚ while maximizing productivity and efficiency. Cumulative
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REPORT OF INSTITUTIONAL ASSESSMENT VISIT OF WORLD BANK TEAM TO OYO STATE ON YOUTH EMPLOYMENT AND SOCIAL SUPPORT OPERATION PROGRAMME ON TUESDAY 14TH AND WEDNESDAY 15TH MAY‚ 2013 ATTENDANCE THE WORLD BANK TEAM INCLUDES i. Dr. Stanley Garuba ii. Dr. Sulaiman Yusuff iii. Dr. Omobowale Oni iv. Mrs. Lydia Ladapo STATE TEAM LEADERS INCLUDES i. Hon. Gbenga Olayemi - Board Chairman (Agency for Youth Development) ii. Hon. Niyi Ajao -
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