... centralised businesses. Disadvantages include:(a) It focuses on internal processes and inputs, rather than the customer and outputs, which are what ultimately drive a business. Inward-looking businesses ... factor. Business organisations come in all different shapes and sizes, and there is a choice of legal structure. 1.7.1 Legal status Someone setting up a business can choose to go into business ... held as inventory, so minimising inventory-holding costs.3 Business organisation and structure – structure and strategy IntroductionOrganisations develop out of the need to co-ordinate work,...
... sources of internal information. Information may be obtained either informally in the course of day-to-day business or through meetings, interviews or questionnaires. 2.1.3 External information ... extranets Organisations are increasingly using intranets and extranets to disseminate information.(a) An intranet is like a mini version of the Internet (covered in the following section). Organisation ... accounting information The finance function plays a critical role in providing information to management to assist in planning,decision making and control. This is called management accounting....
... conflicts of interest and no day-to-day involvement in running the business. 3.8.3 Nomination committee A nomination committee should be in place for selecting board members and making recommendations ... the level of business activity affect individuals, households and businesses. 1(c) Explain the impact of economic issues on the individual, the household and the business: 1(i) Inflation (ii) ... thinking about ethics tends to be based on ideas about duty and consequences. Unfortunately, such thinking often fails to indicate a single clear course of action. Ethical thinking is also influenced...
... can only be maintained by working. (c)Increasing inequalities in the distribution of income. Unemployed people earn less than employed people, and so when unemployment is increasing, the poor ... Organisation structureInformation systems and information technology have played a significant role in the development of the modern business environment including encouraging the flattening of organisation ... B Unemployment occurring in the downswing of an economy in between two booms C Unemployment arising from a long-term decline in a particular industry AnswerThe pairings are (a) C, (b) B and...
... describe the main accounting and reporting functions in business: 1 (i) Recording financial information (ii) Codifying and processing financial information (iii) Preparing financial statements ... accounting inbusiness (a) Briefly explain the history and development of the accounting and finance role in business. 1(b) Explain the overall role and separate functions of the accounting ... administered and managed within a business. For example, the ‘head office’ of a business may cover the following areas: x Purchasing x Sales and marketing x Human resources x General administration...
... 1 D3 Internal financial control and security within business organisations (a) Explain internal control and internal check. 1(b) Explain the importance of internal financial controls in an ... company will not be hindered in achieving its business objectives and in the orderly and legitimate conduct of its business, but won't provide certain protection against all possible problems.1.3 ... Marks TimeQ23 Examination 2 2 mins Q24 Examination 2 2 mins 259Leading and managing individuals and teams PARTEPart D Specific functions of accounting and internal financial control...
... of qualified staff6Increased Access to the Customer’s Own Data•Key factor in reducing business costs–Shift the burden of accessing a customer’s data from the business to the customer–Customers ... faces various challenges•Once a business has decided to invest in wireless technology10Challenges of Using Wireless Technology•Challenges include:–Competing technologies–Data security•Wireless ... user’s Internet connection5Increased Productivity•Having universal access to corporate data–Leads to increased productivity by employees•Survey by Cisco in 2001 showed that–By using a...
... E-MAIL PROBLEMS LINKED TO A WRITING AND EDITING PROCESSIndividual UserE-mail Issues Prewriting DraftingEditingLogicEditingLayoutEditingGrammar PostwritingMissing/poorsubject line xWeak ... 13:57:22Lauren Vicker, Ron Hein - "The Fast Forward MBA inBusiness Communication"Part 2 Business Writing and Editing21 Chapter 3Using Writing and Editing Processes23 Make the Process ... "The Fast Forward MBA inBusiness Communication"Supply-Chain Linkages in Nonmanufacturing EnvironmentsSupply-chain-like linkage problems are also inherent in service organizations....
... accountability to various individuals and groups bothwithin and outside the organisation. In addition, managers are responsible for maintaining a highstandard of business ethics. In this context “ethics” ... For example, making a minimum number ofyear’s continuous service in a particular profession a job requirement may, in certaincircumstances, be held to indirectly discriminate against women because ... workers and those living in the vicinity.Other stakeholders in this respect are the education and training providers, such asschools and colleges, who expect the business to provide information on...
... division of our business, as well as moving things in ‘‘brown boxes.’’The integrity of a company is based on the integration of the firm’s valuesinto its driving systems. Entrepreneurs’ guiding values ... Women in Business Library of Congress Cataloging -in- Publication DataWomen inbusiness : the changing face of leadership / Patricia Werhane [et al.] ; forewordby Margaret Heffernan.p. cm.Includes ... started t heir own businesses. Included in ourstudy are women in finance, manufacturing, labor, banki ng, accounting,consulting,architectureanddesign,realestate,energy,marketing,andhealth care....