Theo Haimann‚ “Administration means overall determination of policies‚ setting of major objectives‚ the identification of general purposes and laying down of broad programmes and projects”. It refers to the activities of higher level. It lays down basic principles of the enterprise. According to Newman‚ “Administration means guidance‚ leadership & control of the efforts of the groups towards some common goals”. Whereas‚ management involves conceiving‚ initiating and bringing together the various
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There are many different factors you want to look into when deciding to go with in-house photography. Most of the expenses would be in the equipment. There is a lot more involved than just the camera. You would have to look at lenses‚ lighting kits‚ any processing equipment and printers. It does add up‚ so when trying to decide whether it ’s better to outsource photography or do it yourself‚ you have to look at the numbers. The first thing to look at is the camera. Luckily‚ cameras are only the
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really a thin line between administration and management. Indeed both terminologies have been used in many occasions interchangeably. Our mandate in this paper therefore is to outline the existing differences between administration and management. Rosenbloom (1986) focuses at public forums to bring out the meaning of administration. He argues that‚ public administration is the use of management processes‚ theories and practices to fulfill a given mandate and thus providing services to the society or
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There are differences between microeconomics and macroeconomics‚ although‚ at times‚ it may be hard to separate the functions of the two. Microeconomics and macroeconomics are the two major categories within the field of economics. Microeconomics is the branch of economy‚ especially such topics as markets‚ prices‚ industries‚ demand‚ and supply. Microeconomic concentrates on the difficulties of the markets for services and goods‚ and how the price affects the growth of the markets (Microeconomics
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Differentiate between capitalism and socialism and indicate which of the two socio-economic systems is more appropriate for sustained growth and development INTRODUCTION 1. This essay shall bring out the difference between capitalism and socialism. In so doing‚ first‚ the terminologies used shall be defined and some quotes noted by early writers. The full differences between the two socio-economic systems will be discussed after which a more appropriate system will be selected and thereafter
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Differences Between Employees and Independent Contractors (Source: IRS) By way of providing more clarity to this topic‚ following is the 20 factor test as presented by R. C. Chip Goldsberry‚ Assistant Director of Personnel Services for Compensation and Information Systems at Purdue University‚ in the August‚ 1992 edition of the NACUBO Business Officer‚ a journal published by the National Association of College and University Business Officers (NACUBO): 1. an employee is required to comply with instructions
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and recognize the difference between a Sergeant and a Corporal. Hence‚ in order to explain that I know‚ and acknowledge the difference between these two higher ranking officers‚ I am writing this essay to explain my understanding. The Marine Corps rank of Sergeant narrowly parallels that of the Corporal in regards to duties and responsibilities. The basic duties and responsibilities of all the noncommissioned officer (NCO) ranks never changes. The major difference between a Sergeant and a Corporal
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INTRODUCTION 1.0 CHAPTER OVERVIEW Capital plays an important role in business. Every business enterprise‚ whether big‚ medium or small‚ manufacturing‚ services or industrial‚ needs capital to carry on its operations smoothly and to achieve its targets organization’s objective. Capital Structure means how an organization or company manage their capital or obtain financial resources to manage their business well. Business adopts different types of capital structures in order to meet the internal
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Recycling Equipment In the case “Recycling Equipment”‚ David Hendricks is a cost accountant for a small‚ closely held chemical manufacturing company. He faces an ethical dilemma. David has two analyses; the first analysis is purchase of the equipment in the lower estimate of cost savings‚ it would increase the company’s net income but it would decrease the return on investment and affects the bonuses for company managers. The second analysis is in the higher estimate of cost savings‚ the recycling
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international mergers and acquisitions (IM&As). Today this requirement is even more acute since the past decade has been characterized by enormous growth in IM&As. In addition‚ it has been argued that the challenge in making M&As work is the management of people. In a case of IM&As the role of HR managers is very demanding because they needs to integrate HRpractices and‚ moreover‚ perform two other roles simultaneously: a strategic role for company-wide integration and a support role for business unit transaction
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