Question No.1Answer:Grapevine communication:Every organization has an informal communication network that is known as Grapevine. It supplements official channel. It is important source of information. It is casual conversation of an organization.It is called so because it stretches throughout the organization in all directionsIrrespective of the authority levels Man as we know is a social animal.Despite existence of formal channels in an organization, the informal channels tend to develop when he interacts with other people in organization. It exists more at lower levels of an organization. Which they form unions. Sometimes the managers show preferential treatment and favor some employees giving a segregated feeling to other employees. Thus, when employees sense a need to exchange their views, they go
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Suppose you are manager of a multinational operating in UAE, your workforce constitutes of people from Pakistan, India, China, Sri Lanka, Bangladesh and Belgium. How will you successfully manage this workforce to achieve organizational goals effectively and efficiently? ANSWER; Being a manager of a multinational operating in UAE, I shall take following steps to successfully manage this workforce to achieve organizational goals effectively and efficiently; · I shall try my best to be unfair. · I shall have a polite and respective behavior towards every employee. · I shall try to separate people from their own nationality. · I shall create an atmosphere which will make the people of different nation as one nation. · The employees will
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China Toys Manufacturing Company Ltd.,Cost of Goods Manufactured and Sold Statement.For the period ended on 31st Dec, 2009
ParticularsRs.Rs.Direct Material
Opening Material8000
+Material Purchased+90000
Material Available for use98000
-Closing Inventory-43000
Material Consumed55000
+Direct Labour+35000
Prime Cost 60% of C.G.M (W-3)
90000+FOH 30% of the Conversion (W-2)
+15000Total Factory Cost
105000+Opening Work in Process
+70000Cost of Goods to be Manufactured
175000-Closing Work in Process
-25000Cost of Goods Manufactured
150000+Opening Finished Goods
+50000Cost of Goods Available forSale
200000-Closing Finished Goods
-48800Cost of Goods Sold (W-1)
151200
China Toys Manufacturing Company Ltd.,Income Statement.For the period ended on 31st Dec, 2009
ParticularsRs.Rs.Sale
218800-Sales Return
-28000Net Sale
216000-Cost of Goods Sold
-151200Gross Profit
64800-Selling and Administration Expenses
Selling Expenses 5% of Net Sale(W-4)10800
-Administration Expenses 8% of Net Sale (W-5)1728028080Operating Profit
36720-Financial Expenses
-600Net Profit
36120
(W-1) Net Sale = 218800-2800 = 216000Net Sale = Cost of Gods Sold+ Gross Profit216000= Cost of Goods
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Scenario
Sitara Textile is one of the renowned textile companies in Pakistan. It has a strong supply chain network of raw material since its establishment in order to fulfill its customers demand on time. ABC Co. one of the raw material suppliers of Sitara Textile is in short financing and need Rs. 500,000 to enhance its production facility. ABC Co. requests Sitara Textile to lend the required amount for the period of 3 years. Sitara Textile agrees and guaranteed ABC Co. the loan on certain basis for the said period.
Question
Your comments require in this regard whether Sitara Textile would disclose this financial information while preparing financial statements, which will publish later? Your answer must be confined in two to
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The Ford Motor Company entered the 1980s with two years of losses totaling over $1.6 billion, and then-chairman Donald E. Petersen grew to realize that consumers were disappointed in the performance of automobiles built In the United States. He had to restore customer, satisfaction by improving quality and put the company back into overdrive by increasing productivity. One of Petersen’s first moves was an appeal for help from quality guru W. Edwards Deming, who started by ‘focusing management attention on processes and the people involved in those processes. Next, under the banner “Quality is Job 1,” Petersen instituted an array of programs designed to increase quality and productivity by obtaining greater input from customers, employees, and suppliers. New
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Question # 1 of 15 ( Start time: 01:38:42 PM ) Total Marks: 1According to Empiricism, which of the following is the ultimate source of all our concepts and knowledge?Select correct option: Perceptions Theory Sensory experience Logics and arguments
Question # 2 of 15 ( Start time: 01:40:02 PM ) Total Marks: 1The organization of concepts in sequence from the most concrete and individual to the most general indicates is:Select correct option: One that bears no relation to the underlying concept. An abstract, theoretical definition of a concept. The degree of abstraction An operational definition
Question # 3 of 15 ( Start time: 01:41:06 PM ) Total Marks: 1The facts that should be collected to measure a variable,
