where does confidence come? Confidence comes from knowing the systems we are attempting to manage. The purest expressions of knowledge that we have as human beings are scientific laws. Scientific laws allow scientists to predict outcomes with certainty when they engineer physical structures, mechanical technologies, or chemical/biological reactions. Can political and business leaders use processes similar to the ones that produce scientific laws to address the most pressing issues of world societies
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next 6 months. OB1 will be sold under a three-year warranty covering parts and labour. The company has decided to subcontract the service support for the warranty and has entered negotiations about the support contract with Fixit Inc. Fixit has proposed two different pricing schemes for the subcontract. The first involves the payment of a fixed fee of $1,000,000 and the second a variable fee of $250 per workstation sold, subject to a minimum fee of $350,000. Under both schemes, the payment will be
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into the MDB has been 21,200 GL per year, however there has been great variability. For example the flow in 1902 was only 5,000 GL but in 1956 it was 57,000 GL. The total flow is both variable and unpredictable. No one knows with any degree of certainty how much water will inflow next year. The rivers of the MDB are damaged if more water is extracted than is allowed to flow down to the mouth of the Murray. Water is said to be ‘over-allocated’ when this situation exists. This has indeed been
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associates. The VARK questionnaire is based on four scores and there are five different learning strategies and they are, multimodal, visual, aural, read-write, kinesthetic. When an Individual takes the VARK questionnaire assessment, they will be scored under these four learning methods: visual aural, read/write, and kinesthetic. Each individual learning method are different, also it could be situational to the subject, environment and subject approach. After conducting VARK questionnaire, the results
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listening is a skill that can be acquired and developed with practice. It can be difficult to master, but with time and patience, developing this skill will make communication easier to accomplish. Listening is an active process in which a conscious decision is made to listen to and understand the messages of the speaker. Active listening involves giving the other person time to explore their thoughts and feelings. This not only means focusing fully on the speaker but also actively showing verbal and
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SAMPLE QUESTIONS |CHAPTER 1 | 1. Differentiate between efficiency and effectiveness. • Efficiency-is defined in terms of the proportion of total organizational resources that contribute to productivity during manufacturing process through technology. • Effectiveness– is defined in terms of resources utilization in relation to organizational goal attainment
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I do?") 4. Personalism (people should be at the centre of the theory) Six Fundamental Principles There are six fundamental things that underlie Fletcher's Situation Ethics: 1. Love is the only absolute (it is intrinsically good) 2. Christian decision making is based on love 3. Justice is love distributed 4. Love wants the good for anyone, whoever they are 5. Only the end justifies the means 6. Love is acted out situationally not prescriptivally Advantages of Situation Ethics The key advantage
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What is Decision Making? Some Definitions A good place to start is with some standard definitions of decision making. 1. Decision making is the study of identifying and choosing alternatives based on the values and preferences of the decision maker. Making a decision implies that there are alternative choices to be considered, and in such a case we want not only to identify as many of these alternatives as possible but to choose the one that (1) has the highest probability of success
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going- concern uncertainty was warranted? Do you believe that Deloitte & Touche should have issued a going- concern opinion prior to 2008? 4. What economic factors existing in the United States during 2008 might have accelerated Deloitte & Touche’s decision to issue an audit opinion modified to disclose going- concern uncertainties? 5. Do you believe that the events immediately following GM’s bankruptcy alleviated the concerns that led to the issuance of the going- concern uncertainty? What issues would
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and stakeholders. (ii) Both the BS and the IS shows the financial position of fen at the end of the year. (ii) BS of a company must be prepared in the horizontal format only. (iv) Preparation of Profit & Loss Appropriation A/c is a requirement under the Companies Act, 1956. (v) Ratio Analysis is the only technique of analysis of financial statements. (vi) Methodical presentation of financial statements helps in Nation of various ratios. (vii) In Common Size Statements, each item is expressed
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