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An important goal of the management
best interest of the organization.
A. Explain TWO (2) important reasons for evaluating performance, stating how they impact
goal congruence and employee effort.
B. Define the following responsibility centres; (give an example for each):
i. Cost centre
ii. Profit centre
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Solved in 3 steps
- why does an emphasis on accounting limit an understanding of the broader importance of mangement control? what contribution can non financial performance managwement make to our understanding of management control within organizations?I need help with everything 1. RMC, Inc., is a small firm that produces a variety of chemical products. In a particular production process, three raw materials are blended (mixed together) to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 of material 3. A ton of solvent base is a mixture of 1/2 ton of material 1, 1/5 ton of material 2, and 3/10 ton of material 3. After deducting relevant costs, the profit contribution is $40 for every ton of fuel additive produced and $30 for every ton of solvent base produced. RMC’s production is constrained by a limited availability of the three raw materials. For the current production period, RMC has available the following quantities of each raw material: Raw Material Amount Available for Production Material 1 20 tons Material 2 5 tons Material 3…In this exercise, you will analyze the control systems used by a real organization such as a department store, restaurant, hospital, police department, or small company. Your goal is to reveal all the different ways in which managers monitor and evaluate the performance of the organization and employees. 1. At what levels is this organization controlled? 2. What are the output performance standards (such as financial metrics and organizational goals) that managers most often use to evaluate performance at each level? 3. Does the organization have a management system by objectives in place? If so, describe. If not, guess why not. 5. How important is behavior control in this organization? For exar.ple, how much of managers' time is spent directiy supervising employees? How formalized is the organization? Do employees receive a book of rules to teach them how to perform their jobs? 4. What kind of culture does the organization have? What are the values and norms? What effect does…
- Students will be assigned to groups of 6 and each group is required to submit a PowerPointPresentation on any three (3) of the following workplace diversity issues:1. Gender2. Age3. Race4. LGBTQ5. Generation6. Disabled Workers7. HIV/Aids WorkersThe presentation should include:a. The importance of diversity management.b. Two possible effects of the issues identified on individuals if they are not effectivelymanaged.c. Two possible effects of the issues identified on organisations if they are noteffectively managed.d. Three (3) measures that can be taken by management to ensure that diversity issuesare effectively managed in the workplace.Test IV. It is posited that there are varying assumptions of the O&M Theories from theClassical to the Modern view. Based on the these several assumptions, answer thefollowing:A. Explain how the varying assumptions of the O&M theories, from the classical to themodern view, have affected the authoritativeness or participativeness in doing planning,organizing, staffing, leading, and controlling.B. Make a brief analysis on how the changing assumptions of the O&M theories, from theclassical to the modern view, have influenced or affected power and authority relations,the span of management and eventually the over-all structure of the organization.21 - Which of the following is not a reason for managers to plan? a) Performing SWOT analysis B) Reducing conflicts and wasteful activities NS) Coordinated efforts D) reduce uncertainty TO) Establishing standards for tools used to audit work
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- Every good employee performance review process seeks to improve how the overall organization performs while supporting the performance, development, productivity and well-being of its employees. How do you set goals for performance? How often should reviews be given and what action plans should be given to those who do not meet agreed goals?12- Mr. Khalid is responsible for managing the marketing department. He develops marketing plan and reports to the general manager of the company. We can say that, Mr. Khalid belongs to the _______. a. Supervisor management b. Senior level management c. Middle management d. Top managementAppraising Performance, Goall Setting ( Management by Objectives) how effective is this method within and organization?