Managers are concerned with improving the ethical climate and social responsiveness of their companies. As one expert on the topic of ethics, said “Management is responsible for creating and sustaining conditions in which people are likely to behave themselves”. Managers must take active steps to ensure that the company stays on an ethical footing. Ethical business practices depend on individual managers and the organization’s values, policies and practices (a) Explain the issues that support an ethical organization; (b) Manager and (c) Organization.
Breakeven Analysis
Break Even Analysis is a term used in business, cost accounting and economics. It refers to a point where the total cost incurred becomes equal to the total revenue earned. Break Even Analysis determines the number of units to be sold to earn the revenue required to cover the total costs. Total cost is a sum total of fixed and variable costs.
Process analysis
The term process analysis can be defined as breakdown of production process into different phases that converts inputs into output. A series of routine activities are incorporated using organizational resources with a view to achieve operational excellence.
Question 2: Managers are concerned with improving the ethical climate and social responsiveness of their companies. As one expert on the topic of ethics, said “Management is responsible for creating and sustaining conditions in which people are likely to behave themselves”. Managers must take active steps to ensure that the company stays on an ethical footing. Ethical business practices depend on individual managers and the organization’s values, policies and practices
(a) Explain the issues that support an ethical organization;
(b) Manager and (c) Organization.
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