Economics
Introduction WorldCom was a telecommunication company which was located in Clinton, MS. It had 20 million customers, 80 thousand employees and thousand of clients. During 1983, Murray Waldron and William Rector drafted a business plan offering long distance telephone service. WorldCom was established in Hattiesburg, Mississippi by Bill Fields in 1984 under the name of…
Introduction A service occupation is a job that entails rendering services to a person or a company rather than producing a product. Examples of service occupation are; the jobs of a lawyer, salesperson, and security guard, health personnel, cleaner among others. According to the international labor organization, working conditions refers to the factors under which…
Introduction The objective of this report is to outline the background to Victor H. Vrooms Expectancy Theory of Motivation, one of the most renowned theories published in relation to employee motivation and organisational behaviour. The report will also account for the application of this theory in an organisational setting. From here, a critical analysis of…
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Introduction England is a country of 63.7 million people. Her economy is the largest economy of the four countries of the UK. UK has importance in textiles and chemical products, beside these the automobiles, locomotives and aircrafts are also the important industrial products. UNITED KINGDOM has the the 3rd in the Europe and 6th largest…
Introduction Wage systems have been a major point of concern in many organizations. The employees of any organization are very sensitive to the wage systems and any disparities that may occur in the payment. Dissatisfaction in the mode of payment has led to cases of demonstrations and unrest among the labor forces. Several people have…
The three main types of costs when quality considerations are made includes: the appraisal costs, prevention costs and the internal and external failure costs. Appraisal costs are those costs that are incurred in order to find detective products before finally distributing the products to consumers (Wood, 2013). It is worth to note that the overarching…
Explain the relationship of the long-run aggregate supply curve, the short-run aggregate supply curve and the aggregate demand curve in determining a long-run and short-run macroeconomic equilibrium. (10 marks) The curves represent two aggregate short run aggregate supply (SRAS) and long run aggregate supply (LRAS). Short run aggregate supply (SRAS) is price level of total…
1.0 Introduction Factors of production are land, labor capital and entrepreneurship. Households are the owners of factors of production and the firms are users of factors of production. Firms use households (factors of production) to pay factor incomes which is rent, wages, interest and profit. Firms will use factor of production to produce output in…
Introduction LG Corporation is a South Korean multinational conglomerate corporation. It is the second-largest company of its kind in South Korea, following Samsung, and its headquarters are situated in the LG Twin Towers building in Yeouido-dong, Yeongdeungpo-gu, Seoul. LG makes electronics, chemicals, and telecom products and operates subsidiaries such as LG Electronics, Zenith, LG Display,…