organizations had no separate department for staff matters and Personnel & Admin Department was doing the job. But recently‚ organizations consider the Human Resource Department (HRD) playing a major role in staffing‚ training and helping to manage people so that people and the organization are performing at maximum capability in a highly fulfilling manner. There are certain functions performed by Human Resources Department and some of the core functions are hereunder: Recruitments and Job Specifications
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products‚ making Kao to become the largest household product manufacturer in Japan in the year of 1949. Although the company did not sustain well in their company’s growth and profitability due to economical crisis‚ the company still manage to earn profits by growing steadily up to 1991. Unlike their competitors who only focus on the growth rate and market shares‚ Kao has a strong management base that is being focused on. The company eventually drops down their computer hardware market due to lacking
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managers and whether they should join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where
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Abstract Have you ever wondered how not-for-profit organizations are not-for-profit? Or how not-for-profit organizations can operate at an accounting profit but still be considered a not-for-profit organization? Over the year’‚ not-for-profit organizations have had many changes in rules and regulations set forth for not-for-profit organizations to abide by. There are three major financial statements involved with not-for-profit organizations and one voluntary financial statement‚ plus four key governmental
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Comparing Not-For- Profit and For Profit Colleges Colleges and university have slowly become one of the stepping stones into the working world today. People go to colleges for higher education with the intention of earning degrees in which they can use in their respective fields. Some example degrees that people pursue are Medical‚ Law‚ Business‚ Accounting‚ and Science Degrees. Through the years the idea of college was that it was optional and it was a door for better life and job. However in
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1. [Sales Growth Rates‚ Sales‚ and Profits] Petal Providers Corporation opens and operates “mega” floral stores in the U.S. The idea behind the super store concept is to model the U.S. floral industry after its European counterparts whose flower markets generally have larger selections at lower prices. Revenues were $1 million with net profit of $50‚000 last year when the first “mega” Petal Providers floral outlet was opened. If the economy grows rapidly next year‚ Petal Providers expects its
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JACOB‚ JOHANNA IRENE M. DAR4 ARCDES6 Cities for a Small Planet by Richard Rogers Earth’s the only planet that is known to have life: living forms. It has a moderate climate and water in its three forms: solid‚ liquid and gas. Looking outside from space‚ earth’s beauty tells how alive and great it is still has its own fragile tendencies despite of being perfect in a sense. These tendencies regard the following: pollution (air and water)‚ extreme floods‚ deforestation‚ resource depletion
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organizations: profit‚ non-profit and government based organizations. This paper will discuss the differences between profit and non-profit organization and the weaknesses and strengths that each of the organization has. The University of Michigan will be used because it is a prime example of a non-profit organization and its services and the center for spinal surgery hospital will be discussed as a for-profit hospital. Body The University of Michigan’s health system is a non-profit organization
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2) Explain why a profit maximizing firm produces the output that equates marginal revenues to marginal costs (MR=MC). In a perfectly competitive market‚ producers are price-takers and consumers are price-takers. There are many producers‚ none having a large market share and the industry produces a standardized product‚ also free entry and exit of the industry. They produce using the optimal output rule: produce where marginal revenue equals marginal cost as Smith (1904) demonstrated. Figure
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Profit Maximization Marginal revenue is the change in revenue which comes from the sale of an additional unit of output. The relationship with total revenue is that total revenue is used in the formula to calculate marginal revenue. A company can calculate marginal revenue by dividing the change in total revenue with the change in output quantity. Because of demand‚ as production quantity increases the revenue per unit will decrease. On the other hand‚ marginal cost is the change in the total
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