Cost Definition: A actual amount that has to be paid or given up in order to get some thing. In business cost is usually a monitory valuation of * Effort * Material * Resources * Time * Utilities consumed * Risk incurred * Opportunity foregone in a product. * Delivery of goods or services. * All expenses and cost Classification of cost Purpose of classification | classification | Preparing External Financial statements | Product classification (Inventoriable)
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CU747 Solve Business Problems I’d recognise a business problem by receiving a phone call from a travel agent and listen carefully to what they are explaining to me and taking notes at all times. Two weeks ago a travel agent called me to see why the GDS system did not cancel their booking and why it went through as a no show. I looked into this on our GDS system to see why this had not been cancelled. The booking had not been cancelled as the GDS system had gone down at the same time the travel
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ORGANIZATIONAL BEHAVIOUR GLOSSARY 360 degree feedback: Performance appraisal that uses the input of superiors‚ subordinates‚ peers‚ and clients or customers of the appraised individual. Accommodating: A conflict management style in which one cooperates with the other party while not asserting one’s own interest group members. Attitude: A fairly stable emotional tendency to respond consistently to some specific object‚ situation‚ person‚ or category of people. Attribution: The process by which
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supplements as well as other personal health care products. It is used to help people improve their lives through better nutrition and an unparalleled business opportunity. * This company makes use of breakthrough technology and innovative processes using several of the best health promoting and powerful ingredients that are all natural * Herbalife products started as those designed to help its users lose weight‚ gain weight and maintain their ideal weight. Originally‚ these products were in the
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Telephone Customer Service Representatives 1. How do you interpret the reliability results for the clerical test and work sample? Are they favorable enough for the company to consider using them “for keeps” in selecting job applicants? A. Clerical Test Coefficient alpha is high (.85‚ .86). This is a positive sign. Test-retest reliability is also high (.92). B. Work Sample (T) Inter-rater agreement is relatively high (88%‚ 79%) C. Work Sample (C) Inter-rater agreement
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Chapter 1: Introduction to the Field of Organizational Behaviour Organizational Behaviour (OB): is the study oh what people think‚ feel‚ and do in and around organizations. 1. It looks at employee behaviour‚ decisions‚ perceptions‚ and emotional responses 2. It examines how individuals and teams in organizations relate to each other and to their counterparts in other organizations Organizations: groups of people who work interdependently toward some purpose. 3. Key feature of organizations:
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decision making. Q.2 What are the various factors which may influence the demand for Intermediate goods‚ public goods‚ club goods and complimentary goods? Q.3 Why is demand analysis significant for management? Identify various concepts of demand relevant for various functional areas of management. Q.4Distinguish between short run production function and long run production function. The law of diminishing returns is sometimes known as the law of Variable proportions
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Crowne Regency Hotel and Towers is located in the second city of the Philippines‚ Cebu City. This 40-storey hotel complex is one of the tallest hotel buildings in the country. (It is the tallest building in Cebu City). Relaxation‚ enjoyment and luxury are the main components of the facilities and service for guests to enjoy during their stay. The Crown Regency Hotel and Towers has an exemplary service. A quality business and leisure hotel‚ Crown Regency Hotel and Towers is a place where service is
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THE ESSENCE OF ORGANIZATIONAL BEHAVIOUR A definition of organizational behaviour ‘The study of the structure‚ functioning and performance of organizations‚ and the behaviour of groups and individuals within them’ (Pugh‚ 1971). Characteristics of organizational behaviour (Ivancevich et al‚ 2008) ● It is a way of thinking about individuals‚ groups and organizations. ● It is multidisciplinary. ● There is a distinctly humanistic orientation. ● It is performance-oriented. ● The use of scientific
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were killed when 2 walkway bridges collapsed within the Hyatt Regency Hotel in Kansas City. Both the second and fourth story walkway crashed down when nearly 1600 people came to watch a dance competition held within the atrium. At the time of the collapse‚ it was the deadliest structural collapse in U.S. history‚ only surpassed by the south tower collapse twenty years later during 9/11. This final destruction of The Hyatt Regency Kansas City was the worst in a string of smaller scale setbacks
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