Profit rates differ among firms in a given industry and even more widely among firms in different industries. Please explain the factors which contribute to different profit rates. Profit rates differ among firms in any given industry in variety of industries. Several theories are explained below to show which the factors are influences the profit of a firm; A. Risk Bearing Theory of Profit The idea was conceived initially by an American economist‚ F.H. Hawley. Hawley believed that a circle
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Managerial Statistics Distinguish between primary data and secondary data? OBJECTIVE The main objective of this topic is to measure the degree of relationship between the variables under consideration.The correlation analysis refers to the techniques used in measuring the closeness of the relationship between the variables. DEFINITION Some important definitions of correlation are given below: 1. “Correlation analysis deals with the association between two or more variables”. ---- Simpson &
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Skills reflect both an understanding of and a proficiency in a specialized field. A manager may have technical skills in a specialized field such as accounting‚ finance‚ computer science… etc. for example‚ an account payable manager must be proficient in accounting rules and procedures so that he can resolve problems and answer questions related to accounting. Human Skills Human skill is the ability to understand‚ alter‚ lead and control the behaviour of other individuals and groups. It is the ability
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MANAGER’S ROLE IN ORGANIZATIONS Introduction 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‚ many author examined managerial activities on a daily basis. Their study enabled them to identify ten different but‚ coordinated sets of behavior‚ or roles‚ that managers assume. These ten roles can be separated into three general groupings: interpersonal roles‚ informational
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Managerial Issues Ryan Shelton CMGT/445 August 27‚ 2014 Gloria De Leon Managing Information Systems Information systems provide the infrastructure and enable communication for every kind of business in today’s global economy. The responsible managers in charge of these vital systems face several key issues in their efforts to effectively manage corporate information systems. Information systems‚ particularly hardware and software components‚ become
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subordinates and peers. These resources include people‚ jobs or positions‚ technology‚ facilities and equipment‚ materials and supplies‚ information‚ and money. Managers work in an energetic environment and must foresee and adapt to challenges." Eight Managerial Functions Planning Planning involves selecting missions and objectives and the actions to achieve them. It requires decision-making. For every organization‚ planning process is rational and agreeable to the scientific approach to problem solving
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His Honorable President Benigno S. Aquino III again delivered his 4th State of the Nation Address on Monday‚ July 22‚ 2013 as mandated by the Constitution. The joint session of the Senate of the Philippines and the House of Representatives were called to order at exactly 4:00 in the afternoon. It started with the singing of the National Anthem and a short ecumenical prayer from various religious groups. President Noynoy started to address the nation at exactly 4:03 in the afternoon in front of
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Question 1. List the three managerial competencies that have led to your success so far in your job. List your strength and‚ for each strength listed‚ determine how that strength might get you into trouble and why is it so difficult to become and effective middle manager? Answer Managerial competencies is defined as sets of knowledge‚ skills‚ behaviours‚ and attitudes that a manager needs in order to be effective in a wide range of managerial jobs and various organizational setting. There were
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se INTERNATIONAL COURT OF JUSTICE COMPROMIS BETWEEN ALFURNA (APPLICANT) AND THE STATE OF RUTASIA (RESPONDENT) TO SUBMIT TO THE INTERNATIONAL COURT OF JUSTICE THE DIFFERENCES BETWEEN THE PARTIES CONCERNING THE ALFURNAN MIGRANTS jointly notified to the Court on 14 September 2012 COUR INTERNATIONALE DE JUSTICE COMPROMIS ENTRE L’ALFURNA (DEMANDEUR) ET L’ÉTAT DE LA RUTASIE (DÉFENDEUR) VISANT À SOUMETTRE À LA COUR INTERNATIONALE DE JUSTICE LES DIFFÉRENDS
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Finance 4550 Syllabus Spring 2013 Instructor: Lynn Leary Meyers Phone: 587-7951 finllm@business.utah.edu Office Hours: Monday/Wednesday 11:00 a.m.–1:00 p.m. or by appointment. BUC #18 Important Dates: Last day to drop: January 16‚ 2013. Last day to add: January 13‚2013. Last day to withdraw is March 1‚ 2013. Required Materials: (International Corporate Finance‚ 1st edition‚ J. Ashok Robin. (A good financial calculator is needed. We
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