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The traditional personal approach emphasizes direct, face-to-face interactions and relationship-building in communication and service delivery. It prioritizes understanding individual needs through personal connections, fostering trust and loyalty. This method often involves personalized attention, tailored solutions, and a high level of empathy, making it effective in settings like customer service, healthcare, and education. Overall, it values human connection over automated or impersonal methods.
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What is the difference in traditional and modern approach in financial management?
Oh, dude, the traditional approach in financial management is like your grandma's recipe for apple pie - tried and true, but a bit old-fashioned. The modern approach is more like a fancy food truck serving up fusion cuisine - innovative, flexible, and always trying new things. So, yeah, traditional is like sticking to the same old routine, while modern is all about shaking things up and adapting to the ever-changing financial landscape.
How much can you borrow personal loan?
The amount that you can borrow by personal loan is determined by your bank. It depends on a variety of factors including your net worth, your assets, your credit history and if you have a guarantor. As an addition, one not need approach a "bank" for a loan. There are several "non-traditional" lenders in place, such as "Credit Unions" (where you may work); pension funds, trusts, etc. Such "non-traditional" lenders are more lenient than banks are. Banks, as a rule, have strict (nowadays) lending parameters than non-traditional sources. Explore (such). You'll probably have better luck than with any bank. Hope I helped: JIM
What is the difference between a contribution approach income statement and a traditional approach income statement?
Under the contribution approach (variable costing), all variable expenses (both manufacturing and non-manufacturing) are deducted first from sales to arrive at contribution margin. Fixed costs (both manufacturing and non manufacturing) are deducted from contribution margin to arrive at net income before taxes. Under traditional approach (absorption costing), all the manufacturing costs (both fixed and variable) are deducted from sales to arrive at gross profit (margin). Non-manufacturing (Selling and administrative) costs are then deducted from gross margin to arrive at net income before taxes.
What are the benefits of having a personal IRA account?
Having a personal IRA account can provide benefits such as tax advantages, potential for higher returns compared to traditional savings accounts, and the ability to save for retirement in a structured and disciplined manner.
Differentiate between profit maximisation and wealth maximisation?
The traditional approach of financial management was all about profit maximization.The main objective of companies was to make profits.The traditional approach of financial management had many limitations:1.Business may have several other objectives other than profit maximization.Companies may have goals like: a larger market share, high sales,greater stability and so on.The traditional approach did not take into account so many of these other aspects.2.Profit Maximization has to defined after taking into account many things like:a.Short term,mid term,and long term profitsb.Profits over period of timeThe traditional approach ignored these important points.3.Social Responsibility is one of the most important objectives of many firms.Big corporates make an effort towards giving back something to the society.The big companies use a certain amount of the profits for social causes.It seems that the traditional approach did not consider this point.Modern Approach is about the idea of wealth maximization.This involves increasing the Earning per share of the shareholders and to maximize the net present worth.Wealth is equal to the the difference between gross present worth of some decision or course of action and the investment required to achieve the expected benefits.Gross present worth involves the capitalised value of the expected benefits.This value is discounted a some rate,this rate depends on the certainty or uncertainty factor of the expected benefits.The Wealth Maximization approach is concerned with the amount of cash flow generated by a course of action rather than the profits.Any course of action that has net present worth above zero or in other words,creates wealth should be selected.
What is traditional approach to historical approach?
whats is hegemony
What approach to the income statement organizes costs by function?
traditional approach
What is the difference between a traditional and a personal CV?
what is the difference between a 'traditional' and a 'personal' CV
Behavioral and traditional approaches in international relations?
traditional approach versus behaviorists
What is traditional approach income statement?
In traditional approach income statement, overheads are charged to product based on predetermined rate rather then based on actual activity.
Database approach VS traditional approach?
Database Approach vs. Traditional File ProcessingSelf contained nature of database systems (database contains both data and meta-data).Data Independence: application programs and queries are independent of how data is actually stored.Data sharing.Controlling redundancies and inconsistencies.Secure access to database; Restricting unauthorized access.Enforcing Integrity Constraints.Backup and Recovery from system crashes.Support for multiple-users and concurrent access.
What is the traditional American approach to health care?
preventive
The traditional American approach to health care is?
preventive
What is traditional language approach?
old methood of teaching
What are the five approaches to management information system design and what are the advantages and disadvantages of each?
Traditional approach, Current practice approach, reaction approach, cafeteria approach, human service approach
What is the traditional approach to childhood nutrition?
The traditional or mainstream approach to good childhood nutrition is to follow suggestions based on dietary guidelines that are appropriate for a child's age and development level
Discuss the various approaches to study marketing?
1. Traditional or Historical Approach 2. Commodity Approach 3. Institutional Approach 4. Functional Approach 5. Managerial Approach 6. Decision Making Approach
