World Trade Organisation (WTO): an international body responsible for negotiating trade agreements and “policing” the rules of trade to which its members sign up. Trade disputes between members are settled by the WTO. Absolute advantage: where one country is able to produce more of a good or service with the same amount of resources‚ such that the unit cost of production is lower. Comparative advantage: where one country produces a good or service at a lower opportunity cost than others. Relative
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There are two types of organisation structures‚ flat and hierarchal. Flat structure’s chain of command is short by having lots of people report to one managing director. On the other hand the span of control is wide. A business with this type of structure is Nike. A flat structure is also known as a matrix structure. A hierarchal structure’s chain of command is long. This is because fewer people are reporting to the managing director. While the span of control is narrow. A type of business that
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Changes Each person experiences certain things‚ even the most simplest and innocent‚ that enlighten him or her or bring about a revelation. At one point in each of our lives we will or already have had one such meaningful incident. In Annie Dillard’s short essay “Dumbstruck‚” she recounts an experience just like that. Dillard’s experience jolts her‚ bringing to life an awareness of the harshness and inevitability that things happen‚ things are not permanent in this life. We first learn of her love
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UNITED NATION ORGANISATION 1. The United Nations Organisation was formed on 24 Oct 1945 after the II World War. The main aim of this organization was to avoid III World War and to provide a platform for dialogues. It is an international organization which looks after rights‚ economic developments‚ social progress‚ disarmament and achieving world peace. 2. The world United Nations was given by Winston Churchill and Franklin D Roosevelt in 1942. The organization runs with six languages i.e
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industry‚ in 2011‚ Big Bazaar has come up a new logo with a new tag line: ‘Naye India Ka Bazaar’‚ replacing the earlier one: ’Isse Sasta Aur AcchaKahinNahin. Live project: My live project is about “THE STUDY OF SELECTION PROCEDURE ADOPTED IN AN ORGANISATION.” My Contribution: I shortlisted the resumes received for the various posts according to the requirement and criterior. I conducted the interview for the shortlisted candidates and selected the correct candidates
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Since 2004 all children in the UK aged three and four years old have been entitled to free places at nursery preschool in an OFSTED inspected setting which is found to be satisfactory or better. From 1st September 2010 the Government extended these hours from 12.5 to 15 hours for up to 38 weeks of the year. The free entitlement provides universal access to early childhood education and care‚ ensuring that all children have the opportunity to benefit from early years education. The extended hours
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RESEARCH TASK 7 Unit 06 – Schools as Organisations Explain the strategic purpose of (2.1 & 2.2): a) School governors – The role of the governors within the school is usually a team of ten to twelve people who are responsible for the running of the school. Governors can be made up of parents‚ staff‚ local authority figures and people of the community. This can differ from what type of school you go to. Governors set aims and objectives for schools‚ to ensure that every school excels each and every
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Review Questions 1.8 1. What is meant by ‘change management’? Change management refers to processes and techniques used to plan‚ implement and evaluate changes in business operations in order to achieve a required objective 2. List four factors that cause change within the organisation. There are six main factors that will influence change: * Customers demand better quality products at competitive prices. Customers may also change their habits and tastes‚ such as the desire to purchase
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adult education or childcare classes delivered by local groups. Voluntary schools: There are two types of voluntary schools; voluntary-aided and voluntary-controlled. They are both mainly religious or “faith” schools and are owned by a religious organisation or charity. The voluntary-controlled schools are run and funded by the local authority which also provides support services. The voluntary-aided schools are run by their own governing body and are
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requirements of the examination. They show the basis on which Examiners were initially instructed to award marks. They do not indicate the details of the discussions that took place at an Examiners’ meeting before marking began. Any substantial changes to the mark scheme that arose from these discussions will be recorded in the published Report on the Examination. All Examiners are instructed that alternative correct answers and unexpected approaches in candidates’ scripts must be given marks
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