When actions by individuals in an organization are directed toward the goal of furthering their own self-interests, this is known as Organizational Politics
What is Organizational Politics?Organizational politics refers to informal, unofficial, and occasionally covert actions taken to advance ideas, influence organizations, consolidate power, or accomplish other specific goals.Politics has existed for thousands of years. According to Aristotle, politics is a result of a variety of competing interests that must be reconciled in some way. When interests are fundamentally at odds, "rational" decision-making alone may not be effective, which leads to political behaviors and influence methods.Working in companies today demands the ability to manage competing agendas and evolving power structures. Effective politics is about keeping relationships while accomplishing objectives, not about winning at any costs. Organizational politics are not necessarily bad, despite how they are sometimes depicted. Instead, in order to reduce organizational politics' detrimental impact, it's critical to be conscious of their potentially damaging elements. Of course, people within of organizations might squander time by acting excessively politically. According to research cited in HR Magazine, managers squander 20% of their time on politics.
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Seminole Company began the year with 23,000 units of product in its January 1 inventory costing $15 each. It made four purchases of its product during the year as follows. The company uses a periodic inventory system. On December 31, a physical count reveals that 40,000 units of its product remain in inventory.
The total cost of the units available for sale during the year equals to $3,150,000.
What is total cost of units?Basically, an unit cost means the total expenditure incurred by a company to produce, store and sell one unit of a particular product or service. Its includes all of the fixed and variable costs associated with the production of a good or service.
The computation of the number and total cost of units available for sale are as follows:
= 23,000 units in beginning inventory * $15
= $345,000
= 30,000 units purchased * $18
= $540,000
= 39,000 units purchased * $20
= $780,000
= 23,000 units purchased * $25
= $575,000
= 35,000 units purchased * $26
= $910,000
Therefore, for the 150,000 units, the cost available for sale equals to the amount of $3,150,000.
Missing wordings "Mar. 730,000 units at $18 each, May 2,539,000 units at $20 each, Aug. 123,000 units at $25 each, Nov. 1,035,000 units at $26 each. Requirement: Compute the number and total cost of the units available for sale during the year".
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why are so many businessess choosing a limited liability company (LLC) form of ownership?
A limited liability company (LLC) is a popular choice among small business owners for the liability protection, management flexibility, and tax advantages this form of business entity often provides.
Which act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal?.
Gramm-Leach-Bliley Act requires financial institutions to ensure the security and confidentiality of customer data and mandates that data must be stored on a secure medium and protected during storage and transmittal.
The Gramm-Leach-Bliley Act requires financial institutions (companies that provide financial products or services to consumers, such as credit, financial or investment advice, and insurance) to explain their information-sharing practices to their customers and Obliged to protect.
GLBA requires entities that qualify as “financial institutions” to take a number of positive steps to prevent the unauthorized collection, use and disclosure of NPIs. These obligations are imposed by two "rules": (i) Privacy Rules and (ii) Security Rules.
To comply with the GLBA, financial institutions must provide customers with notice of how they share their confidential information and the right to opt out if they do not want their personal information shared with third parties. be notified and apply special protective measures. to personal data in customer accounts.
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