Is Profit Maximisation always the major objective of a firm? The production of goods and services in our economy today takes place within organisations‚ whether in the centrally planned economy or free market economy. Any firm within these societies all have the same tendencies to acquire a successful business. Attaining this succession through mission statements‚ goals and objectives is simultaneous through all businesses. Changes in these objectives can have forcible effects on the decisions
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CHAPTER TWO LITERATURE REVIEW 2.1 Introduction Reliable accounting and financial reporting issued by auditors help organisations in allocating resources from the society in an efficient manner. Although the primary goal of an organisation is profit making and to allocate limited capital resources to the production of goods and services for which society’s demand is great‚ a highly complex phenomenon which is corruption poses a threat to those goals and services. However‚ most organisations spend
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The role and importance of non-bank financial intermediaries The role and importance of non-bank financial intermediaries is clear from the various functions performed by these institutions. Major functions of the NBFIs are as follows: 1. Financial Intermediation: The most important function of the non-bank financial intermediaries is the transfer of funds from the savers to the investors. Financial intermediation is economical and less expensive to both small businesses and small savers‚ (a)
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4. MANAGERIAL ECONOMICS Assignment A: (any 3) Distinguish between the following: a) Industry demand and Firm (Company) demand‚ b) Short-run demand and Long run demand‚ and c) Durable goods’ demand and Non-durable goods demand. 2 . What are the problems faced in determining the demand for a durable good? Illustrate with example of demand for households refrigerator or television set. 3 . Analyze the method by which a firm can allocate the given advertising budget
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improve my communication skills with a professional; to know how people in this field are doing and gain knowledge that I will help in my resume. It was also an opportunity to know some of the challenges encountered by the HR department within an organization example keeping the employee engaged and motivated. Moreover‚ the informational interview helped me to have a better understanding of the future of the HR; and also know more about Krug Inc which is one of the Canada’s largest manufacturing company
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1. Public Relations dates back to when stones were used to share information and the way of mail was through a man traveling far distances. Past ideas such as the events to acknowledge a man’s true talent or sharing news of a war defeated are just a couple ways our ancestors used public relations to their advantage. One familiar example that is still used every couple years is the Olympic games. To explain‚ back when the first Olympic games were organized‚ the purpose of the games were to advertise
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through which brands and orgaisations are having instantaneous reach with the public. Public relations is the practice of managing the flow of information between an individual or an organisation and the public. The online networking sites like Facebook‚ Twitter‚ etc.. and fashion blogs‚ not only stand as a free online marketing platforms for the luxury brands and designers‚ but also as a tool to interact with the public. Small emerging brands and large fashion houses alike have tapped into this
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providing the right incentives and jog environment-with the overall aim of helping achieve organization goals. Therefore‚ human resource management is more strategic. When the industry is getting expanded and organizations are becoming competitive they try to use HRM as a tool to make the necessary changes to over come this competition. The following can be shown as the role of HRM in a modern competitive organization. To develop flexible human resources that will effectively respond to change. To motivate
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Professional Roles and Values Renee Rusk RUP1 Professional Roles and Values September 29‚ 2014 Being a regulatory agency‚ the Virginia Board of Nursing’s role is to allow one to obtain a nursing license once all prerequisites are met‚ oversee nursing practice‚ revoke‚ suspend‚ or add disciplinary action to nurses‚ and govern all rules that apply to nursing within their respective state. The board of nursing regulates the scope of nursing practice‚ while the professional nursing organization
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Profits With no Cash University Dr. Sep 10‚ 2014 Profits With no Cash It is regularly a common thing in business to make profits without having any cash due to several aspects of business. This is happening by the non-cash flow adjustments that are recorded as transactions while no cash flows are involved. It is possible to make business transactions without cash involvement. In credit transactions‚ cash is not usually transacted but the transactions are usually recorded therefore if
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