2. LO1 UNDERSTAND THE ORGANISATIONAL PURPOSES OF BUSINESSES 2.1 PURPOSES OF DIFFERENT TYPES OF ORGANISATION (P1.1) Different types of organizations have their own business policies, structure, and strategies and so are their purposes. So, whatever the business organizations there must be some specific purposes for which the organization was established (Nordhaus, 2009). The major organization’s types are sole proprietorship, partnership and corporation. The following organizations are analysed
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Economy systems and their impact It is possible to argue this in two ways. It is possible to say that a market economy would handle this situation best, but it is also possible to say that a command economy (the more socialist the better) would be more efficient. But local citizens, fire departments, police, or anyone who is in the immediate area and also the local government are the first to respond. They help to search for living people and try to rescue and aid as many victims as possible
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Introduction Public and private companies face the constant challenge of managing and allocating office workspace. companies face this challenge because they are ensure that employees space demands are meet using limited resources. In order to allocate workspace and support employees, Companies, designers, architects and workplace consultants must consider factors such as, space availability, energy costs, security issues, operation and maintenance expenses, emergency management planning, The new
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QUESTION: THE METHODS USED BY INSTITUTIONALISM SOCIAL AND POLITICAL THEORY Institutionalism put much emphasis on formal legal and political arrangements of the society. Unlike normative political theory which is more theoretical, institutionalism is more empirical in nature. Adrian Leftwich in his book “What is Politics”, argues that normative political theory and institutionalism are the two pillars of traditional political science. But others, especially behavioralists have criticized
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COST ALLOCATION 1 Direct Method • Allocates s pport costs onl to Operating Departments support only • No Interaction between Support Departments prior to allocation 2 Direct Method 3 Step-Down Method p • Allocates support costs to other support departments and to operating departments that partially recognizes the mutual services provided among all support departments • One-Way Interaction between Support Departments prior to allocation 4 Step-Down Method 5 Reciprocal
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global platform and some of economic system like capitalism came into prominence. According to Cambridge Dictionary, capitalism is a political and economic system in which a country’s trade is controlled by private owners for profit, rather than by the state. With this system, the numbers of producer increased because of the private owners. Until the last few decades, it seems beneficial and useful breakthrough for humanity but today, increasingly people criticize this system. While Peter Saunders in
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Types of Economic Systems. Socialism Socialist economic systems (all of which feature common ownership of the means of production) can be subdivided by their coordinating mechanism (planning and markets) into planned socialist and market socialist systems. Additionally, socialism can be divided based on the ownership of the means of production into those that are based on public ownership, worker or consumer cooperatives and common ownership (i.e., non-ownership). Communism is a hypothetical stage
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Explain how a free market economy solves the 3 basic economic problems Free market economy is a system where every individual can function and operate free as a consumer or producer. The free market economy can be used to solve the 3 basic economic problems which is what to produce?, how to produce?, and for whom to produce. What to produce depends on three factors which is profit motive, price system and consumer sovereignty. Competition among producers will force the producer to
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Instructor’s Manual Jane Murtaugh College of DuPage BUSINESS IN ACTION 3rd Edition COURTLAND L. BOVEE JOHN V. THILL & BARBARA E. SCHATZMAN Introduction This Instructor’s Manual brings together a set of completely integrated support materials designed to save instructors the trouble of finding and assembling the resources available for each chapter of the text. 1. Course Planning Guide Included in the guide are suggestions for course design, classroom activities, and supplemental teaching
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and bringing social changes with politics and violence if necessary. Linen’s literature wanted to make the reader understand modern politics through economics. In the beginning of the work it says, “I trust that this pamphlet will help the reader to understand the fundamental economic question, viz., the question of the economic essence of imperialism, for unless this is studied, it will be impossible to understand and appraise modern war and modern politics”. In order to understand Linen’s
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