A population of measurements is approximately normally distributed with mean of 25 and a variance of 9. Find the probability that a measurement selected at random will be between 19 and 31. Solution: The values 19 and 31 must be transformed into the corresponding z values and then the area between the two z values found. Using the transformation formula from X to z (where µ = 25 and σ √9 = 3)‚ we have z19 = (19 – 25) / 3 = -2 and z31 = (31 - 25) / 3 = +2 From the area between z =±2 is 2(0
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CMEC01 12/8/06 8:50 Page 1 Chapter 1 Managers and Managing LEARNING OBJECTIVES After studying this chapter‚ you should be able to: ✓ Describe what management is‚ why management is important‚ what managers do‚ and how managers utilise organisational resources efficiently and effectively to achieve organisational goals. ✓ Distinguish among planning‚ organising‚ leading and controlling (the four principal managerial functions)‚ and explain how managers’ ability to handle each one can affect organisational
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Accounting for Managers 3. BUDGETING When you have completed this section‚ you should be able to: • Explain the benefits of budgeting • Describe a budgeting process • Explain the difference fixed and flexible budget • Prepare a simple flexible budget from a fixed budget • Compute variances from budget and actual data • Prepare a cash budget • Explain the setbacks of traditional budgeting • Explain the problems of budgetary slack • Explain the impact of globalization to the budgeting process
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appraisal based on a forced distribution system: its drawbacks and remedies Rachana Chattopadhayay International Management Institute‚ Kolkata‚ India‚ and Anil Kumar Ghosh Theoretical Statistics and Mathematics Unit‚ Indian Statistical Institute‚ Kolkata‚ India Performance appraisal based on a FDS 881 Received 8 August 2011 Revised 29 January 2012 1 May 2012 Accepted 24 June 2012 Abstract Purpose – Performance appraisal based on a forced distribution system (FDS) is widely used
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1 SUSTAINABLE DEVELOPMENT IN THE CALL CENTRE INDUSTRY CASE STUDY OF OFFSHORING BOOM IN MANIZALES‚ COLOMBIA ANDRES FRANCO MORALES MASTER IN MANAGEMENT SCIENCE VRIJE UNIVERSITEIT BRUSSEL afrancom@vub.ac.be January‚ 2012. ABSTRACT In order to learn about the sustainability of the current call centres expansion in Manizales‚ considering the growth and development it might bring to the working labour there; a literature research has been undertaken. Firstly‚ a retrospect of the constitutional
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enters Distribution Centres and Warehousing Distribution centers are the foundation of a supply network‚ as they allow a single location to stock a vast number of products. Some organizations operate both retail distribution and direct-to-consumer out of a single facility‚ sharing space‚ equipment‚ labour resources‚ and inventory as applicable. Main aim Goods and items should be stored and shipped in a manner that encompasses aspects such as availability‚ proper hygienic storage(prevention
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International Financial Centre Comparison Hong Kong and Shanghai Both Shanghai and Hong Kong are ranked in the top five global financial centre according to GFCI‚ 2011[1]. Shanghai keeps up with Hong Kong in finance field in the recent years. We pick up four criteria including diversity of financial products‚ availability of qualified staff‚ taxation of capital gains and local currency convertibility to compare Hong Kong and Shanghai. Diversity of financial products The diversities of financial
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Executive Summary Much of the modern emphasis in sport and leisure businesses is on the customer. Satisfying customers is at the centre of notions of service quality. (Torkildsen‚ 2011) This report examines the Aura Leisure marketing strategy as a total business concept. It illustrates how developing and integrating marketing strategy across the business is helping Aura position itself in very competitive and demanding environment. It indicates problems that company is facing currently and occurred
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Systems 1. Managers give “Snap Awards” for individual and team achievements to their teams when they excel or do something outstanding. These are usually given during the quarterly staff meetings where all employees participate and this is followed by a party. 2. There are Annual Achievement Award under four categories: Most Initiatives Best Customer Orientation Best Team Worker Most Innovative. Managers send nominations every year and a task force of senior managers picks the winners
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INTRODUCTION Country Manager is an international marketing simulation which focuses on the issue of international market entry and expansion. We played the role of a country manager for a major consumer products company called Allstar brand who was faced with a matured domestic in Latin America. Our country manager team developed a marketing strategy for the product Allsmile‚ choosing among six countries in Latin America. We also implemented this marketing strategy which would be profitable
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