UNIT 31 LEADERSHIP Structure 31.0 31.1 31.2 31.3 31.4 31.5 Objectives Introduction Meaning of Leadership Leadership Theories Leadership Qualities Functions of Leaders 31.5.1 Leaders as Executive 3 1 S.2 Leaders as Teacher 31.6 31.7 3 1.8 31.9 31.10 3 1.1 1 31.12 Techniques of Leadership Styles of Leadership Hazards of Leadership Let Us Sum Up Key Words Some Useful Books Answers to Check Your Progress Exercises After studying this unit you should be able to:
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Microeconomics Topic 6: “Be able to explain and calculate average and marginal cost to make production decisions.” Reference: Gregory Mankiw’s Principles of Microeconomics‚ 2nd edition‚ Chapter 13. Long-Run versus Short-Run In order to understand average cost and marginal cost‚ it is first necessary to understand the distinction between the “long run” and the “short run.” Short run: a period of time during which one or more of a firm’s inputs cannot be changed. Long run: a period of time during which
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Cost of Capital Firms need to make capital investment i.e.‚ purchasing fixed assets such as factories‚ machineries‚ equipment‚ etc. After deciding what capital investments to make‚ they need to decide on the financing – sources of capital. The sources: Long-Term Debt‚ Common Stock‚ Preferred Stock and Retained Earnings. Then they need to find the cost of obtaining each source of financing today (not historical). Cost of Capital - The rate of return that a firm must earn on its investment
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Leadership may be defined as “influencing and directing the performance of group members towards achieving goals of the organization.” (Stimpson and Singh‚ 2007). Leadership skills are those attributes possessed by persons with leadership roles. Ms Room must exercise these even though she only has one person to lead. Clear communication can be used to inspire her worker. Also‚ communication maybe used to ensure that workers know the goals of the business and know their part to accomplish
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Strengths and limitations of different assessment methods Assessment Method | Strengths | Limitations | Direct Observation | Allows the assessor to see the candidate in action and may be able to cover several aspects of the qualification during a single session (see also Holistic)The observation can take place while the candidate’s normal work place so there is minimal disruption as they are able to continue to do their job while being assessed. | A fixed date and time must be arranged to suit
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GPP3O1 Leadership Assignment From Durham package‚ Unit 4 Lesson 16 The questions that must be submitted can be found on the last page. Objectives Define “leadership”‚ “authority”‚” assertiveness” and “leader” Complete and Score the “Assertiveness Assessment” Identify Tuckman’s nine leadership styles Leadership: A process by which an individual influences others to accomplish a task and directs a group in a way that makes it better. Leadership is a process by which a person influences
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is not sure about the difference between cost accounting and a cost accounting system. Explain the difference to Joe. (b) What is an important feature of a cost accounting system? 2. (a) Distinguish between the two types of cost accounting systems. (b) May a company use both types of cost accounting systems? 3. What type of industry is likely to use a job order cost system? Give some examples. 4. What type of industry is likely to use a process cost system? Give some examples. 5. Your roommate
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Cost Control: Definitions and Methods Alejandro Madotta Accounting Supervisor II at Apache Corporation The cost of making a particular product or delivering a particular service is calculated by the finance and accounting department‚ with the help of a technique that is termed as Cost Accounting. The principle of cost accounting is very simple. The total cost of manufacturing a set or lot of goods or services is added up together and divided by the number of unites that have been produced‚
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of different leadership skills and theory’s I have learned and practiced to become a more effective leader. This paper will include sections such as‚ my own definition of Leadership‚ details from a self-evaluation/assessment‚ and areas of the course that I believe are interesting. Personal Definition of Leadership Defining leadership is one of the most difficult things. Leadership is different for every person and therefore can never be fully understood or defined. Good leadership takes the pandemonium
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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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