corporations have to take. Cost analysis is one of the factors that should be taken into consideration while evaluating financial and investment decisions. This paper reviews the concept of cost analysis‚ how it is used in decision making‚ and how firms usually involve cost analysis in evaluating different projects. Furthermore‚ the paper discusses some of the main concepts that are derived from cost analysis such as cost allocation‚ cost-effectiveness analysis‚ and cost-benefit analysis. In addition‚ some
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Communication is the process of information exchange between two and more than two individuals or organizations (Bowditch and Buono‚ 1997‚ cited by Anotony and Macvicar‚ 2011: 106). In general‚ communication process could be divided into two forms‚ verbal and non-verbal (Buchanan and Huczynski‚ 2010). Verbal communication includes oral and written‚ non-verbal communication includes body language and eye contact (ibid.). Because of the development of technologies‚ especially the progress of internet
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Answers Q1. Effective communication is important in an organization because it creates mutual understanding environment between the management and employees. Directly‚ it also helps in increasing the employee’s productivity. Q2. Listening and retaining as much of the information communicated is the end result of being actively focused on your subject. In order to do that you must actively listen and take notes if necessary‚ and try to ask clarifying questions. Q3. To gain understanding
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Introducing Organizational Behavior True/False 1. Organizational behavior is the study of human behavior in organizations. Ans: True Difficulty: Easy Response: See page 4 Reference: Introducing Organizational Behavior 2. Learning about organizational behavior will help individuals develop a better work-related understanding about themselves and others. Ans: True Difficulty: Medium Response: See page 4 Reference: Introducing Organizational Behavior 3. The early focus
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“Sound organization structure is an essential prerequisite of efficient management” – Discuss this statement and point out the various principles which should be followed in developing organization structure Introduction Organization is the backbone of management. Without efficient organization‚ no management can perform its functions smoothly. Sound organization contributes greatly to the continuity and success of the enterprise. Once A. Carnegie‚ an American industrialist‚ said‚ “Take away our
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From the A12 redesign proposal‚ it shows that the current standard cost system is unable to link the reduction in the number of parts to activity reductions and cost savings. The labor-direct-based standard cost system reflects the cost of A12 is distorted. Using the ABC system‚ according to the activities of A12 allocate the overhead cost to A12 that could find that the current overhead cost of A12 was overstated by the standard cost system. At last‚ A12 Junction Box could be identified it is an attractive
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Case MGT 501 Management and Organization Behavior 14 January 2013 “Culture is defined as the collective mental programming of the human mind which distinguishes one group of people from another. Statements about culture do not describe “reality”; they are all general and relative”. So depending on the person‚ everyone see things in a different view. According to the case study the question is asked: How does culture and environment affect institutions and their management? I will define
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PRINCIPLES OF MANAGEMENT REVIEW MATERIAL # RM2014-001 BUSINESS – is any activity involved in the production and distribution of goods and services‚ aimed to meet the economic needs of consumers with an objective of eventually earning profit. ELEMENTS OF A BUSINESS SYSTEM Economics is the study of how society produces and distributes its desired goods and services. It deals how the society uses its resources to produce goods and services. These economic resources to produce are called
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Counterproductive Behavior in Organizations March 1‚ 2012 PSY/428 If the leader of an organization you were considering making an investment in was consistently tardy to meetings and procrastinated deadlines‚ would it make you reconsider where you were putting your money? You want to know that the person has ambition and is organized. The ideal person would be right on time‚ prepared‚ and be eager to conduct business. These are some of the differences of productive and counterproductive behaviors. And
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COMM 222 – Organizational Behavior [Book Notes] Chapter 1 – Organizational Behavior and Management What are Organizations? Social inventions for accomplishing common goals through group effort Goal Accomplishment The field of organizational behavior is concerned with how organizations can survive and adapt to change Certain behaviors are necessary for survival and adaptation. People have to Be motivated to join and remain in the organization Carry out their basic work reliably‚ in terms
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