Q1). The principles of scientific management differ from the ordinary principles. Why? Give your comments The Principles of Scientific Management is a monograph or a specialist work published by Frederick Winslow Taylor in 1911. Scientific management is a new thinking on management. The literary meaning of scientific management is performing the work of management in a scientific manner. In other words‚ discarding the traditional approaches to management and adopting newer and more scientific
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Chap 22: 1‚ 2‚ 3‚ 4‚ 7‚ 10‚ and 11 1. You purchase machinery for $23‚958 that generates cash flow of $6‚000 for 5 years. What is the internal rate of return on the investment? $23‚958/$6000= 3.993 PVAIF (5 @ 3.993) = 8% 2. The cost of capital for a firm is 10%. The firm has 2 possible investments with the cash flows: Yr 1 A. $300 B. $200 Yr 2 A. $200 B. $200 Yr 3 A. $100 B. $200 A. Each investment costs $480. What investments should the firm make according to the present value?
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Bush School Report Introduction Colin Baker and his wife Sandra run an outback school in a remote area near Tennant Creek in the Northern Territory. Due to their determination‚ skills and knowledge‚ they are advocates for best practice in Indigenous Education. This report is formed after analysis of the Bush School video to discuss the reasons why it is an example of best practice in Indigenous Education and to describe how application of the Bush School experience
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Running head: ETHICAL PRINCIPALS CASE Ethical Principals Case Study Shawn R. Holy Grand Canyon University HLT 305 May 2‚ 2010 Ethical Principals Case Study You are presented with a 52-year-old female patient. She is experiencing acute discomfort from gall stone symptoms for the fourth time in 8 years. The condition has responded to non-surgical treatment in the past‚ but each subsequent time is a slower and more painful recovery. She is underinsured and the cost of a surgery would be
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appreciation for the Japanese automaker. “It’s the Toyota Way”‚ he would stubbornly proclaim. My brothers and I never understood the reference. After all‚ it was not uncommon to hear my father quote obscure statistics from Car & Driver or Consumer Reports magazines. Though in his defense‚ Toyota has consistently ranked higher in customer satisfaction than other car manufacturers. By my father’s estimation‚ the company’s commitment to excellence had something to do with a central management philosophy
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The Ten Principles of War. The ten principles of war are applicable throughout the spectrum of conflict‚ regardless of the campaign theme. Commanders at all levels‚ guided by the desired objectives‚ must consider each principle and strike a balance between the competing demands of the various principles. The ten principles of war are: The Ten Principles of War. Selection and Maintenance of the Aim. Maintenance of Morale. Offensive Action. Surprise. Security. Concentration of Force
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cannot possibly do the work properly. Therefore leisure is necessary for doing a good job in whatever field. Lastly‚ In conclusion‚ Yours Faithfully‚ Zorg Last Friday I went to the swimming pool the school said it owned before I moved here to see what it was like. Well‚ guys‚ here’s my report: Size- The size is its biggest asset. It is an Olympic-Sized pool which will allow all you fat‚ physically challenged pre-IB kids to get in shape for 2008. In fact‚ it also is designed to accommodate disabled
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FASB Codification Research Project #1 (a) Briefly describe how pension gains and losses are accounted for. According to FASB ASC 715-30-35: 35-21 Gains and Losses Gains and losses that are not recognized immediately as a component of net periodic pension cost shall be recognized as increases or decreases in other comprehensive income as they arise. Accounting for plan terminations and curtailments and other circumstances in which recognition of gains and losses as a component of
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Principal –agent conflict arise because managers & shareholders view the role of the corporation differently. Investors see corporation as investment vehicles. Shareholders want corporate managers to work diligently and efficiently towards the simple goal of maximizing the value of their ownership stake. However‚ the relationship between the managers of a corporation and its owners is complex. The principle of self-interested behavior tells that people‚ including managers and stockholders‚ work
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Cynthia Claude Nkono Moanang 1009040 CORPORATE GOVERNANCE AND BUSINESS ETHICS ASSIGNMENT TOPIC: Principals (shareholders) – agent (managers) problem represents the conflict of interest between management and owners. For example‚ if shareholders cannot effectively monitor the managers’ behaviour‚ then managers may be tempted to use the firm’s assets for their own ends‚ all at the expenses of shareholders. Discuss the pros and cons of this statement with regard to duties of Board of Directors
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