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It is known as Balance of payments - an economic term. (BOP) calculates the payments that flow among any individual country and all other countries. It is used to summarize all international economic transactions for that country during a specific time, generally a year. The BOP is determined by the country's exports and imports of products, services, and financial capital, as well as financial transfers. It shows all payments and liabilities to foreigners (debits) and all payments and obligations received from foreigners (credits).
QUESTION 1 (a) Define the term management and explain its functions? (b) Explain the problem solving and Decision-Making Process? QUESTION 2 (a) Explain the term "m
Organisational Planning tool a) Opportunity cost refers cost calculated in terms of the next best alternative choice that is predetermined when a decision is made. In this case
b. A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pape
QUESTION a) Briefly explain the following two methods of e-procurement: i. Reverse Auctions ii. Industrial Malls b) Elaborate on three characteristics essential for e-
Q. What do you mean by casual labour and what are the rules for their recruitment and benefits admissible to them after they attain temporary status. Write short notes on casual
Another important decision is maintaining inventory and determining the inventory level. An inventory level is a quantitative limit, which should neither be much higher nor
A decision must be made by managers and human resource departments concerning the quantity of labour required before recruitment or layoffs will occur. What factors will impact on
Question 1 i) Consider two organisational environment in which one of the organisation is having no or little communication between departments and the other organisation where
Explain the different delivery styles that speakers can select for their presentation.
QUESTION An information system should provide good and valuable information to its users. (a) How would you distinguish data and information? (b) Write short notes on any
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