The metric units of measure and the customary units of measure are two systems of measurement used in the world today. The metric system is an alternative system of measurement used in most countries and is based on joining one of a series of prefixes with a base unit of measurement (ten). The customary system of measure is a system of measurement used primarily in the United States of America and measures in inches‚ feet‚ yards‚ et cetera. The first use of the metric system was in 1799‚ during the
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Sharecka Ivery 2/11/2013 Intro to Business 1013 How Businesses Are Organized There are several ways that a business can be organized to define its structure. The main types of businesses are sole proprietorship‚ corporations‚ partnerships and limited- liability companies. How a business is organized explains how its taxes are paid‚ and accounts for profit and how it manages the liability by its owners. In the bylaws state that every organization has its own purpose and what it does
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Globalization is a hot topic in the business world today‚ garnering enormous attention as imports and exports continue to rise as companies expand across the global marketplace. Understanding the basic overview of the global economy underlines highly relevant managerial and business level applications that provide useful insights to modern-day managers. In general terms‚ globalization is the international integration of intercultural ideas‚ perspectives‚ products/services‚ culture‚ and technology
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companies’ owners claimed that the success of business depend on its profitability. However‚ many multinational companies embed business ethic into their operations. The truth is a business that makes nothing but money is a poor kind of business‚ since it may lead to bad reputation of the company‚ violation of law and poor employee performance. Good reputation is vital for companies‚ since customers and investors ought to purchase goods and do business with well-known companies. Having a bad reputation
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always been the priority task of any business. However this task has become harder as ever since manufacturing shifts to standardization. Today not only the core product or service is matter to customer‚ but also the value that go with it. This explains why firms are desperate to find the competitive advantages that can help them produce such value and differentiate themselves from competitors. In order to create competitive advantages‚ firm need to build up business level strategies step by step through
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CMEC01 12/8/06 8:50 Page 1 Chapter 1 Managers and Managing LEARNING OBJECTIVES After studying this chapter‚ you should be able to: ✓ Describe what management is‚ why management is important‚ what managers do‚ and how managers utilise organisational resources efficiently and effectively to achieve organisational goals. ✓ Distinguish among planning‚ organising‚ leading and controlling (the four principal managerial functions)‚ and explain how managers’ ability to handle each one can affect organisational
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Management usually entails four main activities namely planning‚ organising‚ leading and controlling. Management theories and principles‚ have emerged through a gradual evolutionary process which took place over the past two centuries. In fact the first business and management programmes were offered by the Wharton School at the University of Pennsylvania in 1881 (Bateman et al.‚1990). It must be noted‚ though that many management techniques have been prevalent ever since ancient and medieval times. However
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shareholders‚ employees‚ suppliers‚ creditors‚ financial analysts‚ stockbrokers‚ management‚ and government agencies. Firms satisfy this demand in part by supplying accounting information‚ thereby enabling them to raise capital on the best available terms. An efficient financial reporting and disclosure system is crucial to country’s development of economically efficient public corporations and public securities markets‚ as well as the development of the economy. The financial report of an organization is
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will be stuck paying for a government run plan through higher taxes‚ these costs we cannot afford at this time when our economy is facing real challenges. When hearing about the Affordable Care Act (Obama Care)‚ the first question that comes to mind is‚ "how will Obama Care affect me‚ my family‚ and my business?" The answer‚ of course‚ depends on a number of factors including income and whether or not you currently have health insurance. At first I never noticed how bad the affordable health care
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Q.How to shape behavior of manager in an organization. * Attempt to mold individuals by guiding their learning in graduated steps. * Systematically reinforcing each successive step that moves an individual closer to the desired response. * There are four ways to shape behavior such as: (1) Positive Reinforcement (2) Negative Reinforcement (3) Punishment (4) Extinction (1) Positive Reinforcement According to Skinner’s terminology‚ any form of incentives such
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