aCHAPTER 1 BUSINESS ORGANISATIONS At the end of this Module the student shall be able to: Understand the various types of business organisations that can be established. Appreciate the advantages and disadvantages of each type of business Introduction A business activity is any legal activity that may be owned by one person as a sole proprietor or can be owned jointly by two or more people thereby creating a partnership. The main aim of many business operations is to make a profit either in the short
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of suppliers will result in greater value for the hospital. VOR’s must be set up through an open and competitive purchasing process. All purchasing related activities will be transacted in compliance with the Supply Chain Code of Ethics and the Conflict of Interest policies of the hospital. NB: All processes are detailed in the Purchasing Procedures. Exceptions Any exceptions to these policies require written justification and the approval of the Vice-President, Finance. Scope The Purchasing
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........................................................................................ 2 STRUCTURE OF THE SYLLABUS .......................................................................................................... 3 UNIT 1: MANAGEMENT PRINCIPLES AND PROCESSES MODULE 1: BUSINESS AND ITS ENVIRONMENT .............................................................. 4 MODULE 2: THE MANAGEMENT OF PEOPLE ................................................................... 9 MODULE 3:
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thought about some of the moral issues that almost everyone encounters. It is especially useful to be familiar with the terms and concepts of moral philosophy so you can express your views precisely and intelligently. Some of the major moral theories are briefly summarized in the Primer of Moral Theory that follows. You will find most of them are discussed in more detail in any basic moral philosophy text, although you may find them listed under slightly different titles. As you consider each theory
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MANAGEMENT MODEL 6 IV. PUBLIC MANAGEMENT AND GOVERNANCE 8 V. PRINCIPLES THEORIES OF PUBLIC MANAGEMENT 9 Public Choice Theory 10 Transaction Cost Economics 11 Principal–Agent Theory 11 Microeconomic Theory 12 The New Economic Sociology 13 VI. PUBLIC MANAGEMENT AS CRAFT 14 VII. PUBLIC MANAGEMENT AS STRUCTURE 16 VIII. PUBLIC MANAGEMENT AS INSTITUTION 17 IX. NEW PUBLIC MANAGEMENT PRINCIPLES 21 CONCLUSION 24 INTRODUCTION Public management is the subject
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developmental approach to morality, find it wanting, and introduce a more pragmatic approach. They review research designed to evaluate Kohlberg’s model, describe how they revised the model to accommodate discrepant findings, and explain why they concluded that it is poorly equipped to account for the ways in which people make moral decisions in their everyday lives. The authors outline in 11 propositions a framework for a new approach that is more attentive to the purposes that people use morality to
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state corporation laws enhanced the rights of corporate boards to govern without unanimous consent of shareholders in exchange for statutory benefits like appraisal rights, to make corporate governance more efficient. Since that time, and because most large publicly traded corporations in the US are
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DATA, CODING, AND INFORMATION Data and information Data. ← Items about things, events, activities, and transactions are recorded, classified, and stored but are not organized to convey any specific meaning. ← Data items can be numeric, alphanumeric, figures, sounds, or images. Information. ← Data that have been organized in a manner that gives them meaning for the recipient. They confirm something the recipient knows, or may have “surprise” value by revealing
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Whistleblowing and ethics helplines in the 1Modes of Managing Morality Model Leon J van Vuuren Department of Human Resource Management University of Johannesburg Abstract The Modes of Managing Morality (MMM) model provides a heuristic device to assist business ethics scholars and practitioners to make sense of the differences that exist in the ways in which different organisations manage their ethics. Although it is difficult to demonstrate a clear distinction between ethics advice and whistleblowing
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following statements best captures the meaning of the decision usefulness approach to financial reporting? 1) 2) 3) 4) c. The decision usefulness approach helps standard setters design successful accounting standards. The decision usefulness approach ensures that accountants and auditors behave ethically. The decision usefulness approach encourages the supply of useful information to investors. The decision usefulness approach supports principles-based accounting standards. Which of the following
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