Managerial Roles Managers must wear many different hats in formulating and implementing task activities related to their positions. In an attempt to understand the diversity of hats managers must wear‚ Henry Mintzberg examined managerial activities on a daily basis. His study enabled him to identify ten different but‚ coordinated sets of behavior‚ or roles‚ that manager assume. These ten roles can be separated into three general groupings: interpersonal roles‚ informational roles‚ and decisional
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Managerial and Financial Accounting Report Week one paper Chuck Youman Finance 540 George Peterson July 26‚ 2006 MFAR 2 Introduction This report is intended to discuss the differences between financial accounting and managerial accounting. By discussing the differences in the types of reports that are generated by the two different accounting systems‚ this report will compare and contrast the types of decisions made using the information that the two types of accounting would
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=GH¢ 60‚000 (Implicit cost) TOTAL ECONOMIC COST =Total explicit cost +Total Implicit cost =1‚586‚000 + 60‚000 =GH¢1‚646‚000 B. ACCOUNTING PROFIT The Accountant takes into consideration explicit costs but does not take into consideration implicit costs: PROFIT=TOTAL REVENUE- TOTAL COST Total Revenue=GH¢1‚940‚000 Total Explicit cost=GH¢1‚586‚000 Accounting profit=Total Revenue - Total Explicit cost =1‚940‚000- 1‚586‚000 =GH¢ 354‚000 C. ECONOMIC PROFIT The Economist takes into consideration
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Managerial Economics Meaning: - Managerial Economics deals with money/income. It helps in decision making regarding sales‚ production‚ and profit. It is a branch of economics that applies microeconomics analysis to decision methods of businesses or other management units. Artha – Money/Income Shasthra – Body of Knowledge Economics – Body of knowledge which deals with the management of money. DEFINITIONS OF MANAGERIAL ECONOMICS • According to
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Managerial economics as defined by Edwin Mansfield is "concerned with application of economic concepts and economic analysis to the problems of formulating rational managerial decision."[1] It is sometimes referred to as business economics and is a branch of economics that applies microeconomicanalysis to decision methods of businesses or other management units. As such‚ it bridges economic theory and economics in practice.[2] It draws heavily from quantitative techniques such as regression analysis and correlation
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1. Select a specific company of your choice. Read about this company and its current position. Based on your study‚ identify some of the important macro environmental opportunities and threats for this company. Solution: Pepsi Co: Revenuue- $ 60 Billion No. of employees:2‚85‚000approx Opportunities * Broadening of Product Base - PepsiCo is seeking to address one of its potential weaknesses; dependency on US markets by acquiring Russia’s leading Juice Company‚ Lebedyansky‚ and V Wwater
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Armstrong. (2010). Pricing for value. In Marketing 8e (pp. 393). Australia: Pearson. Metabolism. (n.d.). Retrieved 31 August‚ 2011‚ from http://www.metabolism.com/?s=glucose NZ‚ Aus energy drink guidelines to be reviewed PepsiCo. (2011). Annual Report 2010. Retrieved 31 August‚ 2011‚ from http://www.pepsico.com/Download/PepsiCo_Annual_Report_2010_Full_Annual_Report.pdf PepsiCo PepsiCo. (2011). Our History. Retrieved 31 August‚ 2011‚ from http://www.pepsico.com/Company/Our-History.html PepsiCo
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Licensed to: iChapters User Licensed to: iChapters User Managerial Economics Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied‚ scanned‚ or duplicated‚ in whole or in part. Licensed to: iChapters User Copyright 2011 Cengage Learning. All Rights Reserved. May not be copied‚ scanned‚ or duplicated‚ in whole or in part. Licensed to: iChapters User Managerial Economics Applications‚ Strategy‚ and Tactics TWELFTH EDITION JAMES R. MCGUIGAN JRM Investments
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BUSN202 Professional Ethics Report By: Rafael Bozionelos ID: S00067751 Course: Professional Ethics Code: BUSN202 Title: Chief Financial Officer’s Report on Ethical Conduct of manufacturing organisation A report prepared for the CEO of a manufacturing organisation on four ethical dilemmas presented. Taking a look at the responsibilities of the Chief financial officer and the Chief executive officer and recommendations based on which direction to take. To be ethical or unethical‚ that
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123 The Managerial approach Origin and Values The managerial approach was originated from the civil service reform movement which requested the idea of “businesslike manner” in public administration. The three core values of managerial approach addressed by Woodrow Wilson are the idea of “maximaization” in three aspects — effectiveness‚ efficiency and economy. With regard to the maximaization of effectiveness‚ it is talking about what the government can do in successful and proper ways
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