1-4050-3144-1-cxc-pi-vi-n 8/15/05 10:44 AM Page i Principles of Business for Caribbean Examinations 4th Edition Ivan L. Waterman and Dave Ramsingh 1-4050-3144-1-cxc-pi-vi-n 9/21/05 2:43 PM Page ii Macmillan Education Between Towns Road‚ Oxford Ox4 3PP A division of Macmillan Publishers Limited Companies and representatives throughout the world www.macmillan-caribbean.com ISBN 1-4050-3144-1 Text © I. L. Waterman and D. Ramsingh 2005 Design and illustration
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of the lower-of-cost-or-net realizable value (LCNRV) rule is based on both the expense recognition principle and the concept of conservatism. The expense recognition principle applies because the application of the LCNRV rule allows for the recognition of a decline in the utility (value) of inventory as a loss in the period in which the decline takes place. The departure from the cost principle for inventory valuation is permitted on the basis of
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The Development of Economic Activity Human Beings produce and consume goods and services from the resources in their environment. It is primarily for the reason that humans are called ECONOMIC ANIMAL‚ because he or she has the ability to use his or her hands and brain to satisfy his or her immediate personal needs. These are looked at as basic needs; these needs are food‚ shelter and clothing (Economic Activity). Economic Activity means activities which results in the satisfaction of needs. In order
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* BUS3050 – Principles of Organizational Communication * Organizational Communication Project Outline Identify and describe the situation or problem Knowledge What are the major and minor problems in this case? Two ladies wished to sit near one of the managers; the manager was unaware of this. As everyone took their seats at the tables‚ only one of the ladies was able to sit at the same table as the manager. The lady who was not able to sit on the manager’s table became quite upset and
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Choose three of the communication principles stated in the text. Use personal experiences to explain why you agree or disagree with them. One of the principles of communication is that “emotions drive our major decisions. To me this means that although we one tries to be objective and to make the most logical decision‚ there will always be a level of personal feeling and emotion underlying the decision made. One personal experience of mine that can prove this to be correct was during my two years
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Foundation & Principles Of Business Communication The most important thing in communication is to hear what isn’t being said… AN OVERVIEW BUSINESS COMMUNICATION “Use of effective language for conveying a commercial or industrial message to achieve a predetermined purpose.” Business communication is a specialized branch of general communication that is concerned with commercial acts. Communication used to promote a product‚ service‚ or organization; relay information within
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Introduction Business communication is used to promote a product‚ service‚ or organization‚ relay information within the business or deal with legal and similar issues. It is also a means of relaying between a supply chain‚ for example the consumer and manufacturer. An organizations profit or loss is decided by the level of expertise shown by the members of the organization towards business communication. Both internal and external communication plays a vital part in the organizations
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scope of business communication? a12 a11 State the principles of business communication? a12 Draw communication process? Discuss the importance of business communication ? s12 What are the principles of business communication? discuss any three of them ? s12 a11 Mention the ways of improving the effectiveness of communication ? a11 Discuss the characteristics of effective communication ? s11 Discuss the process of effective communication ? s11 Mention the 7e’s of business communication ? s11
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Through Effective Business Communication. to succeed in business today‚ you need the ability to communicate with people both inside and outside your organization. Whether you are competing to get the job you want or to win the customers your company needs‚ your success or failure depends to a large degree on your ability to communicate. Whether you are posting entries on a blog‚ giving a formal presentation‚ or chatting with co-workers at lunch‚ you are engaging in communication‚ the process of
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Organizational communication is a process by which activities of a society are collected and coordinated to reach the goals of both individuals and the collective group. It is a subfield of general communications studies and related to the component to the effective management in a workplace. In the early 1950s‚ organizational communication focused largely on the role of communication in improving organizational life and organizational output. However‚ in the early 1980s‚ the field turned away
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