2 Pages

Bus Chapt 8

Course: ECONOMICS 101, Spring 2011
School: Essex County College
Rating:
 
 
 
 
 

Word Count: 396

Document Preview

Francois Ronald 10/17/2008 Chapt 8 Pg 211 1) The term division of labor means to divid the various functions of a job to different employees but specialization rfers to dividing the task to different employees and placing and emphasis on which task each person is better at, (specialize in). 2) Fayol's Principles of managements are: (1) Unity of command, (2) Hierarchy of authority, (3) Division of labor, (4)...

Register Now

Unformatted Document Excerpt

Coursehero >> New Jersey >> Essex County College >> ECONOMICS 101

Course Hero has millions of student submitted documents similar to the one
below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.

Course Hero has millions of student submitted documents similar to the one below including study guides, practice problems, reference materials, practice exams, textbook help and tutor support.
Francois Ronald 10/17/2008 Chapt 8 Pg 211 1) The term division of labor means to divid the various functions of a job to different employees but specialization rfers to dividing the task to different employees and placing and emphasis on which task each person is better at, (specialize in). 2) Fayol's Principles of managements are: (1) Unity of command, (2) Hierarchy of authority, (3) Division of labor, (4) Subordination of individual interests to the general interest, (5) Authority, (6) Degree of centralization, (7) Clear communication channels, (8) Order, (9) Epuity, (10) Esprit de corps. 3) Weber added the idea of a bureaucracy to the principles emphasizing: (1) Job descriptions, (2) Written rules, decision guidelines, and detailed records, (3) Consistent procedures, regulations, and policies, and (4) Staffing and promotion based on qualifications. Pg 215 1) Organizations are becoming more flatter because it gaves them the advantage of being more highly responsive the customer's needs and empowers front- line employees; decreasing the need for numberous managers (broader span of control). 2) A narrow span of control in an organization offers: (1) more control by top management, (2) more chances for advancement, (3) greater specialization, and (4) closer supervision. 3) The advantages of departmentalization are: (1) employees can master their skills, (2) offers the company the option of centralization, (3) There's good coordination within functions. the The disadvantages are that: (1) lack of communication between the different departments,(2) might develop and favor team comradarie over corporate culture, (3) the company's response to external changes may be slow, (4) Employees tend to just become narrow specialists, (5) Groupthink (think alike) may take over thus sacrificing creativity. 4) A company may departmantalize by: (1) geographic location, (2) functions, (3) customer group, (4) process, or (5) product. Pg 220 1) Line personnel are part of the chain of cmmand that is responsible for directly achieving organizational goals, and the staff personnel assist and advice the line personnel. They both are the same level employees but only differ authority. 2) The matrix-style organization challenges the management princible of Unity of command. 3) The main difference between the matrix-style organization is that it is disbanded after the completion of the group effort or project but the cross funtional teams are set up the same way but work toghter for the long-term. Pg 227 1) An inverted organization has contact people at the top and the chief executive officer at the bottom. 2) They outsource functions that are not their core competencies which another company can proform more effective and efficiently. 3) Organizational (or corporate) culture may be defined as widely shared values within an organizaton that provide unity and coopeerationto achieve common goals.
Find millions of documents on Course Hero - Study Guides, Lecture Notes, Reference Materials, Practice Exams and more. Course Hero has millions of course specific materials providing students with the best way to expand their education.

Below is a small sample set of documents:

Essex County College - ECONOMICS - 101
Ron Francois 10/31/08 Chapt 10 Pg 267 1) There some similarities and differences between Maslow and Taylor's studies. Mayo's study moved management theory away from Taylor's scientific management and toward theories that stress human factors of motivation
Essex County College - ECONOMICS - 101
Ronald Francois 10/31/08 Chapt 11 Pg 296 1) Human source management is the process of determining human resource needs and then recruiting, selecting, developing, motivating, evaluating, compensating and scheduling employees to achieve organizational goal
Essex County College - ECONOMICS - 101
Ron Francois 11/14/08 Chapt 12 Pg 336 1) The major laws affecting union growth were: 1) Norris-LaGuardia Act, 1932-Prohibited courts from issuing injunctions against nonviolent union activities, 2) National Labor Relations Act (Wagner Act), 1935- Gave emp
Essex County College - ECONOMICS - 101
Ron Francois 11/14/08 Chapt 13 Pg 356 1) The three parts of the marketing concept are: 1) a customer orientation, 2) a service orientation, and, 3) a profit orientation (that is, market those goods and services that will earn the firm a profit and enable
Essex County College - ECONOMICS - 101
Framework (concept and principles) 1. 2. 3. 4. 5. Accounting (n) is a service activity. Potential owners are among the external users (f) of financial statements. Managerial (t) accounting systems are primarily designed for internal users. A balance sheet
Essex County College - ECONOMICS - 101
(LO 7) E5-13 (Statement of Cash Flows-Classifications) A. B. C. D. E. F. G. H. I. J. K. L. M. income Issuance of capital stock. (4) Financing activity Purchase of land and building. (3) Investing activity Redemption of bonds. (4) Financing activity Sale o
Essex County College - ECONOMICS - 101
E 1-3 (Page 39) 1. Accounting Principles Board e. APBOs 2. Financial Accounting Standards Board a. Statement of Financial Accounting Concepts d. Statement of Financial Accounting Standards g. Technical Bulletins 3. Securities and Exchange Commission b. Fi
Essex County College - ECONOMICS - 101
Vosburgh Electronics CorporationBalance SheetDecember 31, 2009AssetsCurrent assets: Cash Short-term investment Recievables Less: Allowance for uncollectible Accounts Note recievable Interest receivables Nontrade recievables Inventories Prepaid expense
Essex County College - ECONOMICS - 101
General Lighting CorporationIncome StatementDecember 2007 Revenue from Operations: Less: Cost of Goods sold Gross profit Operating Expenses: Salaries expense Rent expense Depreciation expense Loss from Write-down of inventory -due to obsolescence Total
Essex County College - ECONOMICS - 101
Rembrandt Paint Company Combine statement of Income and Comprehensive Income statement For fiscal year End Dec, 31, 2009 (000s) Revenue from Operations: Net sales Less: Cost of Goods sold Gross profit Operating Expenses: Selling and administrative expense
Essex County College - ECONOMICS - 101
Duke CompanyCombine statement of Income and Comprehensive Income statementFor fiscal year End Dec, 31, 2009 Revenue from Operations: Sales Less: Cost of Goods sold Gross profit Operating Expenses: Selling expenses General and administrative expenses Res
Essex County College - ECONOMICS - 101
E 1-9 1. Pastel Paint Company is in direct violation of the Historical Cost Principle, which states that asset and liability measurements should be based on original cost or payment in the exchange transaction. 2. Atwell Corporation has violated the perio
Essex County College - ECONOMICS - 101
BRECKER INC.State of Cash flowfor fiscal year end December 31, 2008 Cash flow from operating activities: Cash recieved from customers Deduct cash payments for purchases: Cost of goods sold Operating expense Interest expense Income tax expense Net cash f
Essex County College - ECONOMICS - 101
John Nalezny CorporationIncome StatementDecember 2007 Revenue from Operations: Sales Investment revenue Less: Cost of Goods sold Gross profit Operating Expenses: Selling expense Administrative expense Interest expense Total operating expenses Income (ne
Essex County College - ECONOMICS - 101
John Nalezny CorporationBalance SheetDecember 31, 2007AssetsCurrent assets: Cash Short-term investment Recievables Less: Allowance for uncollectible Accounts Inventories Total current assets Investments in Stocks Investments in Bonds Property, plant,
Essex County College - ECONOMICS - 101
John Nalezny CorporationBalance SheetDecember 31, 2007AssetsCurrent assets: Cash Short-term investment Recievables Less: Allowance for uncollectible Accounts Inventories Total current assets Investments in Stocks Investments in Bonds Property, plant,
Essex County College - ECONOMICS - 101
o Include restructuring costs of $800 under operating expenses. 500,000 shares of common stock were outstanding throughout 2009. Add a discontinued section listing loss from operation of $1.6 million. Include a gain on disposal of asset of $2 million. I
Essex County College - ECONOMICS - 101
2009 Contract price Construction costs: Construction costing incurred during the year Construction costing incurred in prior years Cumulative construction costs Estimated costs to complete at end of year Total estimated and actual construction costs Total
Essex County College - ECONOMICS - 101
Include Restructing Cost item under Operating expense section $300,000. Add an Extraordinary item section listing Loss from Operations of $3,000,000 less incometax benefit; also include a Gain on expropriated asset for $1,000,000 less income tax expens
Essex County College - ECONOMICS - 101
Ronald Francios1A 1 2 3 4 5 6 7 8 9 North South East Total AverageBCE F Jake's Gym Second Quarter Membership Sales Sales by Region June 18,150 19,093 28,640 65,883 21,961 Total 49,650 52,231 78,347 180,228 60,076 Average 16,550 17,410 26,116DGHI
Essex County College - ECONOMICS - 101
West Transylvania Athletics Grade Book - Final Semester Averages Test Average 76.3 95.3 76.8 63.8 86.5 85.0 57.3 76.3 87.5 74.8 80.8 89.0 79.3 63.8 HW Bonus Semester AverageName Albert, Eddy Thomas, Frank Jones, Theodore Fagan, Samuel Dicks, Starr Frampt
Essex County College - ECONOMICS - 101
Duke Real Estate Monthly Sales2/13/2012 Property 831 Berkley Rd 310 Montery Rd 1130 conway Dr 1430 Colony Dr 1449 Point St 761 Ridge Ave 206 Fenton St 1910 Denton Ave Totals Commission % Ron Francois Size (sq ft) 1200 2500 3600 4500 3500 3000 2250 1200 L
Essex County College - ECONOMICS - 101
Greater Latrobe School District The Special Collection ExhibitionTitle Artist Acquired 1936 1939 1940 1940 1940 1940 1940 1941 1941 1947 1948 1956 1957 1957 Blossom Time Morgan The Golden Triangle Way Leona Ament The Junior choir Fletcher Tulips Johnston
Essex County College - ECONOMICS - 101
A 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28BCDE F Smithtown Hospital Radiology Department PayrollGHIJKHourly Regular Overtime Withholding Soc Sec Name Wage Hours Hours Gross Pay Tax Tax Net Pay Dwyer $8.00 40 8 $
Essex County College - ECONOMICS - 101
West Transylvania Athletics Grade Book - Final Semester Averages Test Average 76.3 95.3 76.8 63.8 86.5 85.0 57.3 76.3 87.5 74.8 80.8 89.0 79.3 63.8 HW BonusName Albert, Eddy Thomas, Frank Jones, Theodore Fagan, Samuel Dicks, Starr Frampton, Judy Marie, T
Essex County College - ECONOMICS - 101
A 1 2 3 Accrual Phase 4 Annual Salary 5 Employee contribution Employer contribution 6 7 Total contribution Interest Rate 8 Years contributing 9 10 Future Value 11BCDECalculating Your Retirement$60,000 6.20% 6.20% $7,440 6% 45 $1,582,812 Pension Phas
Culinary Institute of Virginia - ECON - 101
Haydn Woodall Nicholas Kristof penned the article "The Face of Modern Slavery" on November 16 of 2011, an extremely emotional editorial which asserts the importance of combatting the network of modern sex slave trading through his passionate tone and stri
Culinary Institute of Virginia - ECON - 101
Haydn Woodall Prcis #1 Nicholas Kristof penned the article "The Face of Modern Slavery" on November 16 of 2011, an extremely emotional editorial which asserts the importance of combatting the network of modern sex slave trading through his passionate tone
Culinary Institute of Virginia - ECON - 101
Domestic Policy o The Alien and Sedition Acts, in response to the possibility of an open war with France, severely limited American freedom in a time of crisis o the patriarchal family a male head, wife, and children everyone worked at home, generally on
Michigan - EECS - 203
EECS 203 Fall 2010Midterm Exam 1 (70 points)Closed Book Closed Electronic Devices Closed Neighbor One side of one sheet of an 8.5 x 11 paper is allowed as a cheat sheet.Name: Sample Solution UM unique name: Discussion section: (circle)Benjamin(Fri 1:3
Michigan - EECS - 203
EECS 203 Fall 2010Midterm Exam 2 (75 points)Closed Book Closed Electronic Devices Closed Neighbor Two 8.5 x 11 pages are allowed as cheat sheets.Name: Sample Solution UM unique name: Discussion section: (circle)Benjamin(Fri 1:30-2:30) Benjamin(Fri 2:3
Michigan - EECS - 203
EECS 203 Fall 2010Midterm Exam 1 (70 points)Closed Book Closed Electronic Devices Closed Neighbor One side of one sheet of an 8.5 x 11 paper is allowed as a cheat sheet.Name: UM unique name: Discussion section: (circle)Benjamin(Fri 1:30-2:30) Benjamin
Michigan - EECS - 203
EECS 203 Fall 2010Midterm Exam 2 (75 points)Closed Book Closed Electronic Devices Closed Neighbor Two 8.5 x 11 pages are allowed as cheat sheets.Name: UM unique name: Discussion section: (circle)Benjamin(Fri 1:30-2:30) Benjamin(Fri 2:30-3:30) Kuldeep(
Michigan - EECS - 203
EECS 203: Homework 1 SolutionsSection 1.1 1. (E) 8bef b) You do not miss the final exam if and only if you pass the course. e) If you have the flu then you do not pass the course, or if you miss the final examination then you do not pass the course. f) Y
Michigan - EECS - 203
EECS 203: Homework 1 SolutionsSection 1.1 1. (E) 8bef b) You do not miss the final exam if and only if you pass the course. e) It is either the case that if you have the flu then you do not pass the course or the case that if you miss the final exam then
Michigan - EECS - 203
EECS 203: Homework 2 SolutionsSection 1.5 1. (E) 4bd b) Disjunctive syllogism. d) Addition. 2. (M) 14bd b) Let r(x) = "r is one of the five roommates listed", d(x) = "x has taken a course in discrete mathematics", a(x) = "x can take a course in algorithm
Michigan - EECS - 203
EECS 203 Homework 2Section 1.31. (E) 6bef and 10cde 6a) Every student in school has visited North Dakota 6b) Not every student in the school has visited North Dakota 6c) No student in the school has visited North Dakota 10c) x(C(x) F (x) D(x) 10d) x(C(x
Michigan - EECS - 203
EECS 203: Homework 3 SolutionsSection 2.1 1. (E) 8defg d) True e) True f) True g) False, since cfw_, cfw_ = cfw_. 2. (E) 22 a) No, since a power set should contains at least the empty set ; note that P () = cfw_. b) Yes, P (cfw_a) = cfw_, cfw_a. c) No, s
Michigan - EECS - 203
EECS 203 Homework 3 SolutionsSection 1.6 6. and(an odd number) 24. Proof by contradiction: Assume that at most two days are selected from any month and still select as least 25 days. To select as many days as possible, we can select two from each month.
Michigan - EECS - 203
EECS 203: Homework 4 SolutionsSection 2.4 1. (E) 4cd c) a0 = 8, a1 = 11, a2 = 23, a3 = 71 d) a0 = 2, a1 = 0, a2 = 8, a3 = 0 2. (E) 10ef e) The general formula for this sequence is an = (3 an-1 ) + 2, given that a0 = 0 Therefore, this sequence from n=0 to
Michigan - EECS - 203
EECS 203 HOMEWORK 4 SOLUTIONS 1. (M) Prove that the union of all elements of a power set of a set is the set itself.Let S be the original set and P(S) be the power set and UPS be the union of all elements of a power set. To Prove: S = UPS We p
Michigan - EECS - 203
EECS 203: Homework 5 SolutionsSection 3.2 1. (E) 2bcd b) f (x) is O(x2 ) with C = 2 and k =21000.c) f (x) is O(x ) with C = 1 and k = 1. Note that log x < x, so x log x < x2 . d) f (x) is not O(x2 ). Suppose there exist C and k such that x4 /2 Cx2 for
Michigan - EECS - 203
EECS 203: Homework 5 SolutionsSection 2.4 1. (E) 16bc b) 3 j -2 j = 3 j - 2 j 3 -1 2 -1 - 3-1 2-1 =9841-511 =9330 =j=0 9 j=0 9 j=0 8 88c) 23 j32 j j=08=2 3 j3 2 jj=0 j=08823 9-1 329 -1 = 3-1 2-1 =298413511 =212152. (E)n 2i 3 ji=1 j=1 m n
Michigan - EECS - 203
EECS 203: Homework 6 SolutionsSection 4.1 1. (E) 4 a) 13 = (1(1 + 1)/2)2 b) Evaluating both sides 1=1. So True. c) The inductive hypothesis is the statement P (k) : 13 + 23 + . + k 3 =k(k+1) 2 2.(k+1)(k+2) 2 2d) We need to prove that for all k 1, giv
Michigan - EECS - 203
EECS 203: Homework 7 SolutionsSection 5.1 1. (E) 24 a) Since the strings do not contain the same digit, there are 10 ways to choose the first digit, 9 ways to choose the second and so on. Therefore the answer is 10 9 8 7 = 5040. b) There are 10 ways to c
Michigan - EECS - 203
Homework 7 SolutionsSection 4.2 4. a)b) Assume for all c) d) for some non-negative i, j e) We have shown that the statement is true for several basis cases ( ) and that in the inductive steps all other cases are reducible to smaller cases, which are the
Michigan - EECS - 203
EECS 203: Homework 8 SolutionsSection 5.4 1. (E) 8 By binomial theorem, the coefficient of the term x8 y 9 in the expansion of (x + y)17 is 17 = 24310. 8 When considering the term x8 y 9 in the expansion of (3x + 2y)17 , let x = 3x and y = 2y, meaning th
Michigan - EECS - 203
Homework 8 Solutions Section 5.3 30 a). There are C(16,5) ways to choose a committee if there are no restrictions. There are C(9,5) ways to select a committee from just the 9 men. Therefore there are C(16,5) C(9,5) = 4242 committees with at least one woma
Michigan - EECS - 203
EECS 203: Homework 9 SolutionsSection 8.1 1. (E) 4 a) antisymmetric, transitive b) reflexive, symmetric, transitive c) reflexive, symmetric, transitive d) reflexive, symmetric 2. (E) 10 Only the relation in part (a) is irreflexive. 3. (E) 20 An asymmetri
Michigan - EECS - 203
EECS 203: Homework 9 SolutionsSection 3.8 1. (E) 4b[4 -1 -7 6 -7 -5 8 5 4 0 7 3]2. (E) 12a Let A and B be m x k matrices and C be a k x n matrix. By the definition of matrix sum, A+B is an m x k matrix such that each (i,j) entry is equal to aij + bij
Michigan - EECS - 203
EECS 203: Homework 10 SolutionsSection 8.4 1. (E) 2 When we add the pairs (x, x) to the given relation we have all of Z Z; in other words, we have the relation that always holds. 2. (E) 6 We form the reflexive closure by taking the given directed graph a
Michigan - EECS - 203
Homework 10Section 8.11.(M) 48a) Since R and S are both having all pairs like (x,x) where x is an element of set A the union will also have it. Thus R S is also reflexive. 48b) R S will be reflexive as both R and S have pairs like (x,x). 48c) R S will b
Michigan - EECS - 203
EECS 203: Homework 11 SolutionsSection 8.5 1. (E) 14 In order to show that R is an equivalence relation, we need to show that it is reflexive, symmetric and transitive. It is easy to see that R is reflexive since x has the same nth character as x for any
Michigan - EECS - 203
Homework 11 SolutionsSection 8.4 Initial Matrix Using cfw_a as an interior vertex Using cfw_a,b as interior vertices Using cfw_a,b,c as interior vertices Using cfw_a,b,c,d as interior verticesUsing cfw_a,b,c,d,e as interior verticesFinal AnswerSection
Michigan - EECS - 203
EECS 203: Homework 12 SolutionsSection 9.3 1. (E) 6,8 (6) a 0 1 0 1 0 b 1 0 0 1 1 c 0 0 0 1 1 d 1 1 1 0 0 e 0 1 1 0 0a b c d e(8) a 0 1 0 1 0 b 1 0 1 0 0 c 0 1 1 0 1 d 1 1 0 0 0 e 0 1 0 1 1a b c d e2. (E) 14 a 0 3 0 1 b 3 0 1 0 c 0 1 0 3 d 1 0 3 0a
Michigan - EECS - 203
EECS 203: Homework 12Instructions: The questions below come from the course textbook and are rated as (E)asy, (M)edium or (C)hallenging. Answer them as completely, concisely, and legibly as possible and your answers will be scored and weighted according
Michigan - EECS - 203
EECS 203: Homework 13 SolutionsSection 4.3 1. (E) 6cd c) This is not valid because, for example, f (2) can have many different values and still be consistent with the recursive definition. d) This is not valid for the opposite reason. There are no possib
Michigan - EECS - 203
Homework 6Section 1.31. (E) 10. If x > 1 then x3 < x4 . So clearly x3 is O(x4 ) for C=1 and k=1. But if x4 is O(x3 ) then x4 < C.x3 for some C and k. Dividing both sides by x3 we get x < C. Clearly this condition will not hold for all large x. 2. (E) (n
Michigan - EECS - 203
EECS 203: Homework 7Instructions: The questions below come from the course textbook and are rated as (E)asy, (M)edium or (C)hallenging. Answer them as completely, concisely, and legibly as possible and your answers will be scored and weighted according t
Michigan - EECS - 203
Mail : Inbox: EECS 203 001 LEC Teaching Questionnaires Submission C.https:/web.mail.umich.edu/blue/imp/message.php?actionID=print_messa.Date: From: To: Subject:Mon, 13 Dec 2010 00:10:40 -0500 [12:10:40 AM EST] um_evaluations@umich.edu Undisclosed Recip
Michigan - EECS - 203
Mail : Inbox: EECS 203 014 DIS Teaching Questionnaires Submission C.https:/web.mail.umich.edu/blue/imp/message.php?actionID=print_messa.Date: From: To: Subject:Mon, 13 Dec 2010 00:14:04 -0500 [12:14:04 AM EST] um_evaluations@umich.edu Undisclosed Recip