Systems | 1. | Definition | Here organic means consisting of related parts. In organic systems group of individuals with same nature are left go on their own responsibility without interference from outside. | Mechanical means done without thought‚ which led to the process of automation. Mechanical systems make the people bound to work. | 2. | Encouragement | Organic systems encourage decentralized decision making and open communication. | Mechanical systems encourage centralized authority decision
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Major Considerations in Capital Structure Planning There are three major considerations in capital structure planning‚ i.e. risk‚ cost of capital and control‚ which help the finance manager in determining the proportion in which he can raise funds from various sources. Although‚ three factors‚ i.e. risk‚ cost and control determines the capital structure of a particular business undertaking at a given point of time. The finance manager attempts to design the Capital Structure in such a manner
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Resource” is the most important asset of an organization. Human resources are the set of individuals who makes up the workforce of an organization‚ business sector or an economy. This resource resides in the skill‚ knowledge and motivation of people and under the right condition it improves in age and experience which no other resources can do. It is therefore considered the most productive resources that can create the longest advantages for an organization. For an organization to sustain
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mentioned in the constitution does not mean that the right doesn’t exist. This amendment is important because it protects our natural rights. It keeps in mind the nature of a federal government finding a way to corrupt the laws given by taking away other rights. 2. Amendment 10- Power to the states- All rights not listed in the Constitution belong to the states and the people. This amendment is extremely important because it exhibits that the main power of the constitution lies in the hands of the
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Legal considerations The legal aspects are important for the business choice. Laws are different in every country. Laws would regulate business practice‚ define the manner and set down the rights and obligations. This made business have to run within the border set by law and definitely affects the efficiency and profitability when running business in that country. The type of legal system. The legal system in Spain and Korea is based on civil law‚ while court precedents are not granted official
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“The development of Science in ancient civilisations was primarily driven by practical considerations.” Do you agree? Explain Your answer By: Lu Hao (15) I agree to a large extent that practical considerations were the primary factor that drove the development of science in ancient civilizations. However‚ there are two other reasons for the scientific development in ancient civilizations as well. They are religion and the philosophers. Science in ancient civilizations refers to development in technology
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Chapter 11……….Contracts‚ Consideration‚ Capacity and Legality Consideration: Value given in return for a promise. Consideration must be (1) legally sufficient and (2) bargained for by the party receiving it. Legally sufficient consideration may take the form of: (1) promising to do something that the promisee has no prior legal duty to do (e.g.‚ promising to pay money for the promisor’s goods); Regular consideration (2) performing an action that the promisee is not otherwise obligated to
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Human Resource is the Most Important Asset of an Organization I agree with the statement that “Human Resource is the most important asset of an organization.” Human resource is “the set of individuals who make up the workforce of an organization‚ business sector or an economy.” (“Human resource definition”). Human resource is the least mobile of the four factors of production‚ which are resources required for generation of goods and services. The other factors of production are natural resources
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Strategic Plan‚ Part I: Conceptualizing a Business By Cynthia Williams BUS/475 - INTEGRATED BUSINESS TOPICS Instructor: RONALD STORM Name of Store: My Legacy Closet Treasures Mission Statement: “Where Old Legacy Become New Treasures.” There are important considerations when developing the strategic plan. The vision‚ mission and values that is highly important to any planning of a new business. These are the factors that will work together to provide a well-rounded strategic design
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BAD NEWS Cultural Considerations in Conveying Bad News Sandra De Leon Student UniversityVirginia Online College Abstract I am researching what are the cultural considerations needed‚ to convey bad news to people of different cultures. Cultural Considerations in Conveying Bad News Bad news is inevitable‚ but how we convey them is very important. Technology and globalization has made the
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