mgt501 assignment 2 solution 2021

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Also see:  cs504 assignment 1 solution 2021

Scenario 1

Solution

  1. Prevailing Wages
  2. Productivity
  3. Prevailing Wages

I am going to define  prevailing wage rate which is average wagepaid tocorrespondingly employed workers whichworking in a specific occupation  in the area of planned employment.

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  1. Productivity

Productivity caNbedefined as the amountofgoods& services that a group of workers in a companyOrorganization  produces in a givenamount of time.

mgt501 assignment 2 solution 2021

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What is management?
Managing the operating process differently resources to achieve the goals of the organization. Good managers do both of those things successfully and effectively. To work
to achieve the objectives of the organization. Efficiency is beneficial goals with minimal waste of resources, i.e., performance the best use of money, time, building materials, and people. Some managers fail in both ways, or focus on one of the the cost of another. The best managers keep it clear focus on performance and efficiency.
ii. Administrative Services

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What can managers do to make them more efficient and effective? The administrative process, well done, includes a variety of tasks including planning, organizing, leading and controlling. These functions, described below, are traditional administrative functions
a. Planning
Planning sets out the goals that will be achieved and pre-determined the appropriate steps to be taken to achieve them those purposes. Objectives, determines what types of activities the company will engage in, choosing to partner with the business strategies, and to determine the resources needed to achieve the goals of the organization. The effect of the process of planning an organizational strategy.

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