Managers………………………………………………………… 2 2.3 Low level Managers or first-line Managers…………………………………… 3 3.0 MANAGERIAL FUNCTIONS………………………………………………………. 3 3.1 Planning……………………………………………………………………….. 4 3.2 Organising……………………………………………………………………… 4 3.3 Leading or Directing…………………………………………………………… 5 3.4 Controlling…………………………………………………………………….. 6 3.5 Staffing………………………………………………………………………… 6 4.0 MODERN MANAGEMENT FUNCTIONS…………………………………………. 7 5.0 BENEFITS OF EFFECTIVE MANAGEMENT……………………………………… 7 5.1 Clear Vision……………………………………………………………………
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A brokerage firm‚ or simply brokerage‚ is a financial institution that facilitates the buying and selling of financial securities between a buyer and a seller. Brokerage firms serve a clientele of investors who trade public stocks and other securities‚ usually through the firm’s agent stockbrokers.[1] A traditional‚ or "fuAn investment brokerage firm is a commercial enterprise‚ which functions like an helps its clients in multiple aspects. An investment brokerage firm acts as an intermediary between
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Chapter 2 Basics of Vibration Dynamics Vibrations are mechanical oscillations about an equilibrium position. There are cases when vibrations are desirable‚ such as in certain types of machine tools or production lines. Most of the time‚ however‚ the vibration of mechanical systems is undesirable as it wastes energy‚ reduces efficiency and may be harmful or even dangerous. For example‚ passenger ride comfort in aircraft or automobiles is greatly affected by the vibrations caused by outside
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ASSIGNMENT 1 DIPECO03 Basic Economics Question 1 Flow of Goods and Services Flow of Cash EXAMPLES OF TRANSACTIONS ON MARKET FOR GOODS AND SERVICES Question 1(a) and 1(c) EXAMPLES OF TRANSACTIONS ON MARKET FOR FACTOR OF PRODUCTION Question 1(b) and 1(d) Question 2 Consider the market for minivans. For each of the events listed here‚ identify which of the determinants of demand or supply
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would supply more to further increase profits. Price and quantity exchanged in the market is a bit more complex than the previous statement . We will start off the analysis by looking at the law of supply. The law of supply is a basic economic principle that states firms are willing to supply larger quantities at higher prices. In retrospect‚ they will supply lesser quantities at lower prices. Supply is illustrated by an upward-sloping line due to this concept. *Insert supply schedule here. talk
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Balance of payment (page 161) Visible and invisible trade: Goods and services which are sold overseas are called EXPORTS. Those which are bought from other countries are called imports. Economies distinguish between visible trade and invisible trade. Visible trade: buying and selling of physical goods Invisible trade: exchange of services such as e-commerce and credit sales. Balance of trade: visible exports - visible imports Balance of payments: a BOP is a record of all transactions
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shift of the supply curve for plasma TVs. D) no change of the demand curve for plasma TVs. Answer: A 4) Consider the demand function Qd = 150 - 2P. The effects of other determinants of Qd is reflected in A) the intercept of the function. B) the slope of the function. C) neither the slope nor the intercept of the function. D) in both the slope and the intercept of the function. Answer: A 5) Holding all other factors constant‚ consumers demand more of a good the A) higher its price. B) lower its price
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Basics of Computer :: 1 1 Basics of Computer 1.1 INTRODUCTION In this lesson we present an overview of the basic design of a computer system: how the different parts of a computer system are organized and various operations performed to perform a specific task. You would have observed that instructions have to be fed into the computer in a systematic order to perform a specific task. Computer components are divided into two major categories‚ namely‚ hardware and software. In this lesson we
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THE THEORY OF THE FIRM Notes by:Ramon Somar THE THEORY OF THE FIRM Even though managerial economics is not concerned solely with the management of business firms‚ this is its principal field of application. To apply managerial economics to business management‚ we need a theory of the firm‚ a theory indicating how firms behave and what their goals are. The concept of the firm plays a central role in the theory and practice of managerial economics. An understanding of the reason for the existence
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I. Introduction: Statement of Purpose The Nature of The Firm is an article by Ronald H. Coase. It presented an economic enlightenment of why those who prefer to structure companies‚ or partnerships‚ and or further business thing rather than operating two-sidedly throughout contracts on a marketplace. The purpose of Ronald H. Coase in writing the article called “The Nature of the Firm” is to elaborate more or state the problem of Economic Theory in its failure to state clearly its assumption. Mr.
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