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What are the organizational theories in banking?
Organizational theories in banking encompass various frameworks that explain how banks operate, manage resources, and respond to their environments. Key theories include the classical management theory, which emphasizes efficiency and hierarchical structures; the contingency theory, which posits that organizational effectiveness depends on adapting to changing conditions; and the institutional theory, which focuses on how banks conform to regulatory and social norms. Additionally, modern approaches like systems theory and network theory highlight the interconnections within banking systems and the importance of collaboration and information flow.
What is the equi-marginal principle?
We will use the utility theory to explain consumer demand and to understand the nature of demand curves. For this purpose, we need to know the condition under which I, as a consumer, am most satisfied with my market basket of consumption goods. We say that a consumer attempts to maximize his or her utility, which means that the consumer chooses the most preferred of goods from what is available. Can we see what a rule for such an optimal decision would be? Certainly I would not expect that the last egg I am buying bring exactly the same marginal utility as the last pair of shoes I am buying, for shoes cost much more per unit than eggs. A more sensible rule would be: If good A costs twice as much as good B, then buy good A only when its marginal utility is at least twice as great as good B's marginal utility. This leads to the equimarginal principle that I should arrange my consumption so that every single good is bringing me the same marginal utility per dollar of expenditure. In such a situation, I am attaining maximum satisfaction or utility from my purchases. This is clear concept of equimarginal principle.
What are the problems of agency theory to the financial manager?
The problem of agency theory are pricniple and agent.
What is a state preference?
A state preference refers to an individual's or group's subjective valuation of different states of the world based on their beliefs, desires, and values. In economics, particularly in utility theory, it represents how people rank various outcomes and make choices under uncertainty. State preferences are fundamental in understanding decision-making processes, as they influence how individuals assess risks and rewards associated with different scenarios.
Which of the following is a Theory X assumption?
The assumptions of a Theory X worker is that they are;lazydislike responsibilityresistant to changelack ambition
How do you explain Classical Conditioning Theory?
Explain Classical Conditioning Theory?
How is the Neoclassical theory and how its related to classical?
neoclassical theory ia an improved version of the classical theory
Classical theory and Neo-classical theory of International Trade?
in a classical theory says there is perfect competition whereas NE classical states imperfect competition in international trade.
Definition of classical theory of production?
generally production in economics is the creation of utility. we can crate utility by three way, by changing time , by form and by changing place. theories which describe the relationship between input and output are known as theory of production.
Comparison between classical theory and neo classical theory?
Nothing
What are the 2 types of classical management theories?
1.Neo-classical management theory 2.Modern-classical theory
Advantages and disadvantages of classical management theory?
Advantages and disadvantages of classical management theory?
How would you answer someone who says that marginal utility theory is useless because utility cannot be observed?
How would you answer if someone says that “marginal utility theory is useless because utility cannot be observed”?
What did Joseph Wolpe's proposed theory based on classical conditioning explain?
Joseph Wolpe's proposed theory based on classical conditioning explain's the classical conditioning theory is linked with phobias.
What is the difference between classical set theory and fuzzy set theory?
Classical theory is a reference to established theory. Fuzzy set theory is a reference to theories that are not widely accepted.
What are the Limitations of cardinal utility?
give the limitations of cardinal utility theory
Advantages and disadvantages of neo classical management theory?
Disadvantages of neo classical
