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What does inflation measure?

The percentage rise in price levels.


What is matrix structure?

Matrix structure: an organizational form that gives two (or more) strategic grouping dimensions equal weighting in the organization structure such that the manager of each operating unit reports to two bosses, one for each dimension.For example one business can have a Business/Function Matrix: On one side there is the traditional functional departments responsible for maintaining their expertise in each function (i.e. R&D, operations, and marketing) and the other side is composed of business groups (i.e. Clothing, footwear and accessories). For each group a head manager will be assign to coordinate and manage the group (i.e. a clothing manager, a R&D manager, a footwear manager etc). Furthermore there will be a total of nine groups for each combination of groups (i.e. R&D-clothing group, operations-clothing group, marketing-clothing group and so on so forth). The manager of each group will report to both respective head managers. This type of grouping is seen as highly penetrated and became popular in the 1980s. It is as you can see much more complex than single dimension organization requiring a dual system of control, roles, and reward to reflect both dimensions. Often it leads to greater confusion, cost and delays in making decision because of two dimensions need to be consolidated before anything is done (which increase the potential conflict). It often becomes the case where one dimension outshines and becomes more powerful than the other, which makes having two bosses even more difficult than it already is.


How government control business activities?

Why government controls business activities?Businesses are usually profit motivated. Many times in order to gain more profit the business might neglect issues like environmental protection and production of harmful and dangerous products.Large business might take the advantage of their size and exploit consumers, employees and even use unfair tactics to overcome competition from small businesses.Business might use media to portray a wrong image of their product or may even mislead customers to buy products.How government controls business activity?Governments control the business activities is many ways both direct and indirect. We have already covered government's economic policies. However, government can control business activities in a more direct way. These are as follows: Controlling what to produceIn order to safeguard the interest of the community government may ban or limit the production of certain goods and services. For example, selling of guns, explosive and dangerous drugs are illegal in many countries. Moreover, Goods which harm the environment are also totally banned or strictly controlled in many countries, e.g. aerosol cans that use CFCs which has been banned because of their damaging effect on the ozone layer. Employees Protection legislationsGovernment may pass laws to protect the interest of employees such as Laws against unfair discrimination at work and when applying for jobs. There is no unfair discrimination on the basis of Race, religion, sex, age, or colour.Legislations for health and Safety at work:To protect workers from dangerous machinery.Workers should be provided with proper safety equipments and clothing.A reasonable workforce temperature is maintained for workers.Proper hygienic conditions and washing facilities are provided.Workers get adequate breaks between shifts.Protect employees against unfair dismissalBusiness can not dismiss the workers because they have joined a trade union or for being pregnant. There should be proper warning before dismissing a worker otherwise it will be treated as unfair dismissal.Ensure fair wages for the employeesIn many countries, government makes it mandatory to have a written contract of employment. It contains the details of the wage rate; working hours, deductions (if any) and other necessary details regarding working conditions. Minimum wages paid to different types of workers are also determined by the government. Consumer Protection legislationsMost of the countries have consumer protection laws aimed at making sure that businesses act fairly towards their consumers: A few examples are Weight and Measures Act: goods sold should not be underweight. Standard weighting equipments should be used to measure goods.Trade Description Act: deliberately giving misleading impression about the product is illegal.Consumer Credit Act: According to this act consumers should be given a copy of the credit agreement and should be aware of the interest rates, length of loan while taking a loan.Sale of Goods Act: It is illegal to sell products with serious flaws or problems and goods sold should conform to the description provided.Environment protectionIn the recent years government across the globe have passes legislations to control business activities from harming the environment. This includes setting limits to the pollution, making it mandatory for businesses to treat their wastes etc. Location decisionsGovernment often influences location of business through Planning controls involve restricting the business activities that can be undertaken in certain areas.Provide regional assistance to businesses which involves encouraging them to locate in underdeveloped regions of the country.


Related Questions

When making tradeoffs among competing features what can be used to quantifiably compare alternatives by selecting weighting and applying criteria?

Decision matrix


What would you use to measure sound?

You are looking for a Sound Pressure Level (SPL) meter. The meter will measure on a logarithmic scale in Decibels (dB) to give you a quantifiable numbers. You should look for one with both A and C weighting.


How one measure 1g of a liquid?

In a weighting bottle on a laboratory weighting balance (accuracy 0.1 mg).


Which vertex in the graph does not have any weighting assigned to it?

The vertex that does not have any weighting assigned to it in the graph is called an unweighted vertex.


What is the homophone of the word weighting Homophone?

The homophone for "weighting" is "waiting." Both words sound the same but have different meanings.


What does risk weighted mean?

Risk weighting is a strategy used on occasion in investment pools such as mutual funds. In this situation, investments are weighted according to how much risk they carry. Riskier assets get a higher/lower weighting and less risky assets get a lower/higher weighting.


How tall was kimimaro?

He was 5'5 Weighting 110 lbs


what does Risk-Weighted Assets letters mean ?

Risk weighting is a strategy used on occasion in investment pools such as mutual funds. In this situation, investments are weighted according to how much risk they carry. Riskier assets get a higher/lower weighting and less risky assets get a lower/higher weighting.


What is the system for weighting precious metal and gemstones?

Carats is the measure of weighting gemstones 1 carat = 200 Milligrams 5 carats = 1 gram Hope this helps Ahmed


What does a triple beam do?

a scale used to weighting some substance....


What is a-weighting?

"Weight" is a measure of gravitational force acting on an object.


What are the release dates for Delta House - 1979 The Lady in Weighting 1-5?

Delta House - 1979 The Lady in Weighting 1-5 was released on: USA: 24 February 1979