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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Q1: Insurance companies in the state of Florida earned record profits in 2006‚ suggesting that Nationwide’s decision to cancel policies in light of the calm hurricane seasons (in Florida) in 2005-2007 may have cost the company potential revenue and customer goodwill. Do you think Rommel’s quote about making a ’’sound business decision’’ reveals any perceptual or decision-making biases? Why or why not? Ans : Overconfidence bias is identified as ’’the tendency to overestimate the probability that
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If it’s true that the eyes are windows into the soul‚ then the face is a map to a person’s mindset. At this point in time‚ facial coding is no more of a science than palm reading‚ but it has the potential of developing into a new area of expertise that could end up being used on a scale just as large as the polygraph. Facial coding‚ or the practice of interpreting the minute details‚ shifts and movements of the hundreds of muscles on a person’s face‚ is essentially designed as a system of reading
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Final Report- Organizational Behavior “Issues in Organizational Behaviour based on own experiences” Student No. Structure: 1. Introduction 2. Main Body and Recommendations 3. Conclusion 4. References What is Organizational Behaviour? Organizational Behaviour is nothing else than developing our understanding and development of people skills. A multidisciplinary field devoted to understanding individual and group behaviour‚ interpersonal process and organizational dynamics. Different
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INTRODUCTION Organizational behaviour is concerned with the study of the behaviour of people within an organizational setting. It involves the understanding‚ prediction and control of human behaviour and the factors which influence the performance of people as members of an organization. Organizational behaviour dose not encompass the whole of management; it is more accurately described in narrower interpretation of providing a behavioural approach to management. All organizations face the basic
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ORGANIZATIONAL BEHAVIOUR NOTES I. TOPIC 1: What is organizational structure? Key topics under structure: a) 6 elements of structure b) Org. design c) Models of structure d) Factors affecting org structure e) Global implication ORGANIZATIONAL STRUCTURE- refers to the way in which job tasks are formally‚ divided‚ grouped or coordinated. OR The formal system of task and reporting relationships showing how workers use resources. A. 6 elements of structure:
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| 9/6/2012 | | | | Assignment 1Organizational Behaviour | | | | | | Kylie Diergaardt {200814893) | ORGANIZATIONAL BEHAVIOURMAIN ASSIGNMENTSEMESTER TWO (2) | Assignment 1 Organizational Behaviour Mr. Nepembe has come a long way and is an inspiration to those who are discouraged and hopeless. He has turned the worst experience into something positive and is ploughing it back into his community. Subsequent to his jail term he realized that it is not what he wants to do with his
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What is Organizational Behaviour? Organizational behavior is a field of study that investigates the impact that individuals‚ groups and structures have on behavior within an organization for the purpose of applying such knowledge towards improving an organization’s effectiveness.[1] It is an interdisciplinary field that includes sociology‚ psychology‚ communication‚ and management; and it complements the academic studies of organizational theory (which is focused on organizational and intra-organizational
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Organizational Citizenship Behavior 1. Introduction In the last 20 years increasing attention has been drawn to the concept of Organizational Citizenship Behavior by academic researchers and‚ more recently‚ by managers. Organizational citizenship behaviors (OCBs) are employee behaviors that go beyond role requirements‚ not formally rewarded or punished by the organization‚ which in the “aggregate” facilitate organizational functioning and benefit the organization by improving efficiency (Organ
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Interdisciplinary Approach Organizational behaviour is basically an interdisciplinary approach. It draws heavily from other disciplines like psychology‚ sociology and anthropology. Besides‚ it also takes relevant things from economics‚ political science‚ law and history. Organizational behaviour integrates the relevant contents of these disciplines to make them applicable for organizational analysis. e.g. it addresses issues‚ which may be relevant to the case‚ such as the following: • What facilitates
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