Assignment Set 2 Question 1 What are the principles of management? Answer There are fourteen principles of management laid by Henri Fayol. They are elaborated further below. Division of labour A particular task is divided into several units or segments‚ each performed by specialists in order to achieve efficiency. Authority and responsibility coexist Responsibility must be understood properly in order to achieve command in the business by taking the right decision at the right time for the
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Two models have attempted to explain why the goals are different and how these goals are achieved; Baumol’s Theory of Revenue Maximisation and Marris’s Model of Managerial Enterprise . Initially the Two models will be briefly explained. Then‚ by reference to determinants of managerial remuneration‚ the empirical evidence of the occurrences of the determinants‚ the two models will be examined. This is to come to a conclusion on which model is best supported by the empirical evidence. Models Marris’s
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SWOT analysis is a structured planning method used to evaluate the Strengths‚ Weaknesses‚ Opportunities‚ and Threats involved in a project or in a business venture. A SWOT analysis can be carried out for a product‚ place‚ industry or person. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. SWOT analysis should be done before setting the objective as this would allow
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Critically examine how ethical theories approach issues surrounding pornography There are many ethical theories which can be applied to the ethics concerning pornography however I believe the easiest ethical theories for giving a clear cut between what is acceptable and what is not are the absolutist theories or the ones with Absolutist rules such as Kantian Ethics or Natural Moral Law. Pornography is a form of media which is sexually stimulating for the observer. The ethical situations surrounding
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A competitive market is it is both unable to influence the price of its product and the firm takes as given the price of its product set by supply and demand in the market. When a firm is in the competitive market the only way it is going to survive is to have market power. If a firm has market power then it can set its own price‚ which is called a price setter. The characteristics of a competitive market for a firm are when there a large number of small firms to compete with. Each firm sells the
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The Solow Growth Model Economics 202 14 April 2014 Statement on plagiarism: I understand that plagiarism is a serious offence and confirm that unless otherwise acknowledged the content of this essay is my own. Economic growth rates across countries are hardly ever the same and the Solow-growth model is the starting point at determining why growth rates differ across countries (Burda and Wyplosz‚ 2013: 61). This essay aims at examining the aspects of the Solow-Growth
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there will be one optimal level where thedifference between WACC and market value will be maximum(Refer to the graph below);similarly level of debt-to-equity will be maximizing the shareholders¶ value??Yo line pad taek chotiThereforeI opine that thecompany should not focus more on credit rating‚ rather it shouldconcentrate on maximizing the shareholders value. By maintaining minimum WACC‚company can get its range for optimal credit rating. This can be shown by figure below: Figure: Minimum Level
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The institution of family is a basic unit in the society‚ typically consisting of one or two parents and their children. Family members can be related by ancestry‚ marriage or adoption. The two main types of family are nuclear – consisting of husband‚ wife and dependent children – and extended – consisting of other kin members like uncles and aunts. The family has different functions. Firstly‚ the family enables socialization. It gives children the social experience of learning the ways of their
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Nationalisation of Banks in India - Introduction After independence the Government of India (GOI) adopted planned economic development for the country (India). Accordingly‚ five year plans came into existence since 1951. This economic planning basically aimed at social ownership of the means of production. However‚ commercial banks were in the private sector those days. In 1950-51 there were 430 commercial banks. The Government of India had some social objectives of planning. These commercial banks
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Growth Model of Singapore Group 5 Yash Goradia Dhairya Kajaria Ankita Rathi Jaspreet Sandhu Sahil Sanghvi Shriraj Shetty
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