Analyze the existing structure of an organization of your choice to find out its drawback and propose restructuring to make it more effective and efficient. Teacher’s Name: Muhammad G. Sarwar PhD Course Name: Fundamentals of Management Date: April 2014 Submitted By: Md. Saifur Rahman Roll No. 25 Human Resource Management Program Civil Service College‚ Dhaka‚ Bangladesh Introduction: Organization structure may be defined as the established pattern of relationships among
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“Democracy provides the most just and efficient form of political rule” Asses whether Plato has shown his claim to be false. Plato believes that the ideal ruler of the state should be a philosopher. He states that a king concerned with the pursuit of wisdom would undoubtedly be better than a lover of power‚ wealth or status. To have the majority vote for what is best would be irrelevant as they do not understand what is real and Philosophers are the only ones who can do this and fully understand
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and allocatively efficient. (20 Marks) Perfect competition can be used as a yardstick to compare with other market structures because it displays high levels of economic efficiency. Allocative efficiency occurs when there is an optimal distribution of goods and services. This involves taking into account consumer’s preferences. In both the short run and the long run in perfect competition we find that price is equal to the marginal cost (P=MC) and thus allocatively efficient is achieved. At the
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industry leads to more efficient outcomes for an economy. RESEARCH ESSAY Microeconomics is defined as a study of how economic decisions are made by individuals and groups along with the range of factors affecting those decisions. In relevance to this‚ the analysis of perfect competition and monopoly regarding efficiency is considered one of the most core basis to the understanding of Microeconomics. This paper argues that a perfectly competitive industry leads to more efficient outcomes for an economy
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National Missile Defense Architecture; Land or Space-based Defense systems-deciding which system(s) are the most efficient for our nation’s defense Submitted in partial fulfillment for the requirements for course (AW570 National Missile Defense) Caesar A. Garcia American Public University System April 8‚ 2006 Over the past four decades the need for designing comprehensive national missile defense system(s) has been argued in our
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participating in the rat race to determine who comes up on top. While this active competitiveness encourages organizations to learn and grow from each other’s successes as well as failures‚ the managers of these organizations need to keep the organizations efficient and effective. In order to achieve this goal‚ managers need good management skills‚ effective communication‚ conductive and safe working environment. The terms efficiency and effectiveness are often linked together but in reality the meaning
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Since the inception of computing‚ the binary digit (bit) has been used to encode information at the lowest level. Why? … How efficient is this process‚ and are there any ways of optimizing it? The bit is the most primitive data type of the computer. It is often represented with 1 or 0. In this discussion‚ we will explore reasons for choosing the bit as the lowest level encoding. We will also discuss how it can be efficiently stored‚ transferred and executed. Finally‚ we will examine ways to optimize
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The use of cars causes market failure. To achieve an efficient use of resources it would be better if governments intervened to affect both the production and the use of cars. Explain the meaning of the terms ‘market failure’ and ‘the efficient use of resources’ and analyse whether economic theory can be used to support this argument. [25] Market failure exists when the operation of a market does not lead to economic efficiency. It is a situation where a free market does not produce the best
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No organisation operates in a vacuum. All businesses are surrounded by laws‚ pressure groups‚ customers and competitors. These are part of the marketing environment that the organisation works within. Dealing with this environment is a major part of the marketer ’s work since marketing is an interface between the organisation and the outside world‚ meaning that the marketing policy of any firm should be viewed as operating within a rapidly changing environment. If a company is to meet it ’s goals
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AF 3313 2011-12 Sem 2 Written Assignment Name: Kam Lai Yee ID: 09550708d Tutor: Howard Chow Q1. Efficient market is one in which stock prices fully reflect the information of a company‚ either positive or negative. If the information from a company is positive‚ investor will give a good response and the price of shares of this company will increase. Since the information is reflected in price at once‚ normal rate of return should only be obtained. Also the price that the firm received
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