The law of diminishing returns only applies in the Short Run‚ when only one factor of production is variable and can be increased. The other factors of production are fixed. Thus as the variable factor of production is increased the marginal product of that factor will rise at first‚ but will at some point begin to fall. Returns to scale can only occur when no factors of production are fixed. If the quantities of all of the factors of production are increased‚ then output will also increase. However
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Compare Relationship Between Intrinsic & Extrinsic Motivation USP MBA Program - Presentation – Trimester 1 – 2011 by Group 8 Members Mukhtar Ahmed Nitesh Chandra ; Gabriel Pen ; Ateca C. Vakatora ; Devina R. Rao ; Salote Naulivou Objectives: To define motivation To define Intrinsic and Extrinsic motivation To give examples of Intrinsic and Extrinsic motivations Identify the relationship between Intrinsic & Extrinsic motivations using the theories that discuss the relationship and give examples
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RELATIONSHIP BETWEEN REWARDS AND EMPLOYEE MOTIVATION The study examined the influence of rewards (payment‚ promotion‚ recognition and benefits) on employee work motivation. Subjects for the study consisted of one hundred and sixty seven employees of commercial banks of Kohat‚ Pakistan. Data for the study were gathered through the administration of questionnaire. The data collected was subjected to appropriate statistical analysis using “Pearson Product Moment Correlation Coefficient and Analysis
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1: Warren Buffett: a) From Warren Buffett’s perspective‚ what is the intrinsic value? According to Warren Buffett’s perspective‚ the intrinsic value is defined as “the present value of future expected performance” (Bruner‚ Eades‚&Schill‚ 6th 2010). Why is it accorded such importance? It can be used to estimate the value of the business’ ongoing operations‚ not company’s stock. How is it estimated? The intrinsic value is very subjective‚ but he stated that “it is better to be approximately
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Distinguish between a liability and a environmental liability. Is there any difference in the principle? A liability is a present obligation of the enterprise arising from the past events‚ the settlement of which is expected to result in an outflow from the enterprise of resources embodying economic benefits whereas An environmental liability is an obligation to pay future expenditures to remedy environmental damage that has occurred because of past events or transactions‚ or to compensate a
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Inducing Intrinsic Motivation to Explore the Enterprise System: The Supremacy of Organizational Levers Weiling Ke‚ Chuan-Hoo Tan‚ Choon-Ling Sia‚ and Kwok-Kee Wei Weiling Ke is an associate professor of operations and information systems in the School of Business at Clarkson University. She holds a Ph.D. from the National University of Singapore. Her research areas are enterprise systems‚ open source software‚ and electronic commerce. Her research has been published in the Journal of Operations Management
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the concepts of Motivation. Motivation is a psychological feature that arouses an organism to act towards a desired goal and elicits‚ controls‚ and sustains certain goal directed behaviors. It can be considered a driving force; a psychological drive that compels or reinforces an action toward a desired goal. For example‚ hunger is a motivation that elicits a desire to eat. Motivation has been shown to have roots in physiological‚ behavioral‚ cognitive‚ and social areas. Motivation may be rooted in
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have the highest stock price if it is closer to the investors expected value. It will be higher due to the lower supposed risk. Question# 1-3: What is a firm’s intrinsic value? It’s current stock price? Is the stock’s “true long-run value” more closely related to its intrinsic value or to its current price? Answer: A firm’s intrinsic value is an estimate of the stock’s “true” value which is calculated by a competent analyst. Current stock price is the market value price but may be incorrect information
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QUESTION FOR Q2 Compare and contrast the benefits of intrinsic rewards‚such as recognition‚and extrinsic rewards‚such as pay‚as form of motivation.Explain ( 10 marks ) ANSWER FOR Q2. Definition Of Motivation Motivation is defined as the incentive that is given for inspiration to accomplish something. Motivation can persuade someone to think a certain way or a drive that moves them to do a certain thing.Definitions of motivation abound. One thing these definitions have in common is the inclusion
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Motivation Christine Walters PSY/355 Jeremy Christensen Motivation Motivation is the process in which behavior is initiated‚ guided‚ and maintains goal-oriented behaviors. “We may define motive (or motivation) as a need‚ want‚ interest‚ or desire that propels someone (or an organism) in a certain direction” (Psychology‚ 2014). Motivation cannot be directly observed but through behaviors we see it manifested. It is thought of as the driving force that compels a person to do something in order
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