Assignment of Priciples and practices of management Essay

Assignment of Priciples and practices of management - Essay Example (A) Organizational behavior 2 5 During his first year of working at a law firm, Danny earned the respect of his supervisors by consistently producing very high quality work. Though the quality of Dannys work declined in his second year of employment, his supervisors continued to view his work very positively. This is an example of the (B) primacy affect. 6 A celebrity has fired several of her personal assistants because each time she asks them a question about her appearance or how her performance was, they always tell her how great and wonderful she is. She is looking for a more honest personal assistant. What should be a quality she looks for in her next employee? (D) Low on self monitoring 7 Revlon was once the worlds biggest cosmetics company. But over the past few years, its brands have lost sales and struggled through a series of management setbacks, but still it was reluctant to give up divisions that were no longer profitable. Which grand strategy does Revlon need to implement if it is to stay in business? (C) Retrenchment3 8 Players in the cosmetics industry include Procter & Gamble, which owns Cover Girl and Max Factor brands, LOreal, which owns LOreal and Maybelline brands, Revlon, which owns Revlon and Almay brands, and Està ©e Lauder. According to Porter, (C) threat of substitute products4 has the most influence on these companys profits. 10 Herman is the coach of the city football team. As a successful coach, he has to schedule structured practices, emphasize careful planning, and assign tasks. He also has to show the players that he genuinely cares about them as people. According to the Blake and Mouton’s managerial grid, Herman would be characterized as: D team management a Planning is one of the four management functions, and it is often called the primary management function because it establishes the basis for all the other things that managers do. What types

Accounting Essay Example | Topics and Well Written Essays - 250 words - 17

Accounting - Essay Example There may be mandatory precise formats and standards for statutory accounts. 3. Financial accounting must abide by predetermined accounting principles that are generally accepted whereas management accounting is basically an estimate, which emanates from the fact that exact figures required do not exist every time crucial decisions need to undertaken. 4. Financial accounting yields financial accounts usually prepared at the end of a trading period, mostly a year. On the other hand, management accounting yields accounts that are prepared at any time depending on the frequency at which the management requires such accounts. 2. Vertical analysis: every financial statement line item is expressed as a fraction of another. It helps managers to assess the proportion of an account with respect to other accounts over a particular period. 4. Operating budget: this enables managers to assess the variances of the budget from actual outcomes. It helps the management to plan business expenditure for a given period and maximize