Management-art of getting things accomplished in org-s through others.Goals(OB):predicting behaviour‚explain events‚managing ob.Classical viewpoint-high specialization of labour‚‚intensive specialization‚ central decision-making.Scientific Management-taylor‚optimum of special\standard-tion.Burecracy-weber‚srict chain of command‚detailed rules‚high spec.‚central power‚selection\promotion based on competence.Hawthorne-how psychological affect productivity.HumanRelationsMovement(critique)-stric spec
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z LawVariation of contract The issue here is whether the variation of the contract is valid. Generally‚ if the contract itself clearly allows for the variation‚ the variation will be binding. However‚ if the contract does not clearly provide for variations‚ for the variation to be valid‚ both parties must agree to the changes and the following must be present. EITHER Fresh consideration If there is fresh consideration for the change or variation‚ the change or variation will be valid. This means
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NEGLIGENCE According to common law‚ “negligence is defined as a conduct that fall below the standard of care necessary to protect other from unreasonable risk of injury”. The legal issue is whether […….] can successfully sue […….] for negligence. In order to know whether the defendant commit negligence or not‚ 4 elements must be satisfied‚ including 1) Duty of care (DoC)‚ 2) Breach of the DoC‚ 3) Causation and 4) Remoteness. 1) DUTY OF CARE Case 1: PHYSICAL INJURY: The first element to be proven
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The net present value (NPV) rule can be best stated as: An investment should be accepted if the NPV is positive and rejected if it is negative. The discount rate that makes the net present value of investment exactly equal to zero is b. Internal rate of return. Which of the following statements is true? If the financial manager relies on NPV in making capital budgeting decisions‚ she acts in the shareholders’ best interests. Net present value is equal to zero when the interest rate used to discount
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A good process is supposed to have short cycle time. In general‚ work-in-process inventory is large for a process layout‚ and small for a product layout. Which of the following characteristics is not associated with a product layout? Highly skilled workers. which of the following characteristics is not usually associated with batch production? stable‚ predictable demand.Which of the following is not considered a major process type? Fabrication An advantage of a make-to-stock process is which of
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M&A & Restructuring Strategies. Merger: Two Firms agree to integrate operations on relatively equal basis(usually 1 dominates another in mkt share/size/asset value) Hostile takeover: (delivers higher shareholder value than friendly acquires)(Preannouncement returns of hostile takeover anticipated with increase in bidder & target’s share price). Diversification creates value by using excess resource. Restructuring used to correct with ineffective mergers/acquisitions. M&A used as means of growth to
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Chapter 1: Measuring the amount of substance Analytical chemistry: science of chemical measurement. Its object is the generation‚ treatment and evaluation of signals from which information is obtained on the composition and structure of matter Measurement: process of obtaining the magnitude of a quantity Example: The amount of saturated fat in the sample is 3 g/serving. Quantity: attribute of a phenomenon that may be distinguished qualitatively and determined quantitatively Value: magnitude
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Perfect Competition: 1. Same product + No barriers to entry + No NPCF easy to switch. 2. Increase P slightly above market P‚ no sales demand is perfectly elastic. 3. D curve is horizontal at the P determined by the intersection of market S&D curves Profit Maximzing decision 1. Since MR=MC 2. Set P (price) = MC 3. MR curve = Demand curve 4. Firms can sell all they want at this market price Q* is the profit maximizing level of output. 1.For output < Q*‚ P < MC. Increase output
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Statistics – body of principles and procedures developed for collecting‚ summarizing‚ and interpreting data Chapter 1 – Distribution – describes what values the variable takes and how often – Pie Charts/Bar Graphs – categorical – Histograms/Stem plots – quantitative – Data set has info on number of individuals – For each individual‚ data gives values for variables – When looking at graph… o Center – middle of data o Shape – symmetry or skewed o Spread – range of data Chapter 5 –
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Assignment #1 Public Administration- the Good‚ The Bad‚ The ugly William T. Thompson Prof. Neely PAD 500 Modern public Administration: Managing Public and nonprofit Organizations To understand how to solve a problem‚ we must first understand what we are trying to fix. For example‚ can a carpenter without any medical experience repair a heart valve? Of
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