| Course | Cmpnstn Mgmt | Test | Quiz 5 | Started | 11/16/14 1:52 PM | Submitted | 11/16/14 3:52 PM | Status | Completed | Attempt Score | 63 out of 90 points | Time Elapsed | 2 hours, 0 minute out of 2 hours. | Instructions | This quiz consist of 30 multiple choice questions. The first 15 questions cover the material in Chapter 6. The second 15 questions cover the material in Chapter 7. Be sure you are in the correct Chapter when you take the quiz. | * Question 1
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Insourcing/Outsourcing Case: The FlexCon Piston Decision Instructor's Guide Instructor's Guide The following describes how to arrive at the key numbers required to complete Appendix 1-3. This case requires the participant to calculate insourcing and outsourcing costs on a per-unit basis. One objective of this case is to familiarize participants with the idea of total cost, and to become accustomed to allocating costs on a per unit basis. Total cost per unit cost allocation allows valid comparisons
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monetary and nonmonetary rewards provided by companies to attract, motivate, and retain employees (Mathis and Jackson p360, 2011); they include compensation, benefits, work-life, performance and recognition, and development of career opportunities. Wages given to employee for time of work or services provided to the company; indirect supplemental rewards given to employer and his or her family; practices instituted by a company aimed at balancing or maintaining good life at work and at home are description
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Table of Contents Introduction 2 The Company 3 Main Issues 4 First issue 4 Second issue 4 Third issue 7 Analysis of the Issues 9 First issue 9 Second issue 9 Third issue 10 Recommendations 11 The Employees 11 The Employers 12 Islamic Perspectives 13 Conclusion 14 References 15 Introduction The six main functions of a Human Resource Management (HRM) are recruitment and selection, training and development, performance management and appraisal, compensations and benefits
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ISI Transformation: political changes: Wage increase Improved working conditions Political inclusion in the … Negative of ISI: (characterized by two different stages) Agricultural becomes uncompetitive -exchange rate: money is over-value, the price will be higher than the other countries. Keep the domestic currency strong relative to foreign currencies Need to import capital goods (machinery) to produce consumer goods Overvalued exchange rate made commodity exports artificially expensive
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unit Raw materials consumed Rs. 200000 Direct wages Rs.80000 Factory overheads Rs. 20000 Direct expenses Rs.50000 Office overheads 10% of factory cost Selling overheads Rs. 5 per unit Units produced 4000 units Units sold 3600 units Selling price Rs. 120 per unit 3. X has furnished the following information relation to the production of 1000 discs manufactured by it during the year 2002 Cost of materials 100000 Direct wages paid 70000 Cost of power and consumables stores
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profit sharing plan. 3. Most unions consider gain sharing plans as an adequate substitute for traditional negotiated hourly wage gains. 4. The global economy of today has made it easier for employers to pass labor cost increases on to consumers by raising product or service prices. 5. Skill-based pay sets the wage rate according to a job's title (type). 6. Wages and other economic benefits represent income to employees, costs to an employer, and a basis for tax revenue to the government
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if the requirements of a particular job have been successfully accomplished by the person being evaluated or as a process that ensures that employees behaviors match organizational objectives. Performance appraisal historically was used for hourly wage earners and to distinguish between high and low performers on the job. However, today they are used for all job types and aid in decisions about salary, promotions, ways to improve job performance, career counseling, and for identifying problem areas
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Choose four (4) of the following questions and answer them in short essay format. All questions are worth equal marks. (12.5 marks each) QUESTION 1 (12.5 marks) Discuss the key factors in the international environment that managers of emerging global organisations look to as threats to their international operations. Provide examples as appropriate. -Politic -Economic -Social issue - Technology QUESTION 2 (12.5 marks) What are Porter’s competitive forces in an organisation’s
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Exercise #9: Calculating Take Home Pay and Monthly Labor Costs Directions: Calculate the take-home pay for each employee (monthly or weekly) and then calculate the monthly labor cost for the company for the month of January. (Assume that a month is one-twelfth of 52 weeks.) Company: CHC Forecast Inc is a software company that has four full-time professionals who are paid monthly salaries and eight part-time representatives who are paid weekly for the hours they work that week. The deductions
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