Principles and Practice of Management Section A Part One 1. a 2. b 3. d 4. a 5. a 6. a 7. b 8. d 9. a 10. d Part Two: 1. Administration and Management:- Administration and Management are generally taken to mean as one and the same and are often used interchangeably. Administration can be defined as the universal process of organizing people and resources efficiently so as to direct activities towards common goals and objectives
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The Development of Economic Activity Human Beings produce and consume goods and services from the resources in their environment. It is primarily for the reason that humans are called ECONOMIC ANIMAL‚ because he or she has the ability to use his or her hands and brain to satisfy his or her immediate personal needs. These are looked at as basic needs; these needs are food‚ shelter and clothing (Economic Activity). Economic Activity means activities which results in the satisfaction of needs. In order
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Reflection on the Ethical Teachings Found in Confucianism Confucianism‚ a religion of optimistic humanism‚ has had a monumental impact upon the life‚ social structure and political philosophy of China. The founding of the religion goes back to one man‚ known as Confucius‚ born a half-millennium before Christ (McDowell‚ 1983). And even though many people refer to Confucianism as a religion‚ many others say it really is a philosophy of life‚ not a religion. Confucius believes in harmony between
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Principles and Practices of Management Subject Code – B-101 Section A: Objective Type Q1. A plan is a trap laid to capture the ___________ a) Future Q2. It is the function of employing suitable person for the enterprise: b) Staffing Q3. ______________ means “group of activities & employee into departments”: (d) Departmentation Q4. This theory states that authority is the power that is accepted by others. a) Acceptance theory Q5. It means dispersal of decision making
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and controlling the efforts of others towards a specific objective” - James L Lundy “To manage is to forecast and to plan‚ to organize‚ to command‚ to co-ordinate and to control” - Henry Fayol “Management is a multi-purpose organ that manages a business and manages managers and manages worker and work” - Peter F Drucker “Management is the force which leads‚ guides and directs an organization in the accomplishment of a pre-determined object” - J.N. Schulze “Management is defined as the creation
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Tutor______________________ | Date _______________ | How should Wal-Mart rationalize its seafood supply chain to reduce costs and promote sustainability? In‐depth analysis on the case ‘Wal-Mart’s sustainability strategy (C): Inventory management in the seafood supply chain’. And to analyze ‘How should Walmart rationalize its seafood supply chain to reduce costs and promote sustainability?’ 1. Introduction According to (Anon‚ 2012) Wal-Mart Stores Inc. is an U.S based multinational retailer that
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retailer‚ Wal-Mart Stores‚ China had long been a strategic imperative. On one hand‚ nearly US$20 billion worth of goods made in China were now travelling through Wal-Marts global supply chain to drive its costs down; on the other hand‚ Chinas vast size in land and population‚ an emerging middle class optimistic and eager to spend‚ and consumers relentless pursuit of value all seemed to suggest that China was an ideal ground into which Wal-Mart could successfully transport its business model centring
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the rapid growth of modern retailers and e-commerce. Firstly‚ big-box retailers (Wal-Mart‚ Carrefour‚ TESCO‚ etc.) in China have set strong foothold in big cities and started to penetrate to medium-scale cities‚ taking control of areas with high population density. Consumers are attracted by the lower prices they offer and broader choice of product categories. In the next place‚ chained convenience stores (Family-Mart‚ 7-11) are becoming increasingly ubiquitous in China and have occupied locations
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Egoism is one of four popular ethical theories. The principle‚ or basic premise behind the Egoism theory is that self-interest is most important. By definition‚ egoism is the theory that one’s self is‚ or should be‚ the motivation and the goal of one’s own action (Internet Encyclopedia of Philosophy). An argument can be made that no human ever makes a decision without considering themselves‚ or that there is no true altruistic act anyways. So‚ it is important to differentiate a normal decision a
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Study of Asia Strategy: Wal-Mart versus Carrefour Miao-Que Lin Fu Jen Catholic University‚ China. Wen-Kuei Liang Tatung University‚ China. Abstract Wal-Mart‚ the number one retailer in the world‚ persistently maintain three fundamental beliefs—respect everyone‚ total-solution service‚ and in search of highest quality—to shape their unique corporate culture. They insist lowest price every day‚ carry out total solution services‚ effectively control the cost of global logistics‚ fully leverage
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