Answered: Outline the concept of principles of…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Sonia ltd. was engaged in the business of manufacturing automobiles. Lately,
its business was expanding due to increased demand for cars. The competition
also increasing. In order to keep its market share intact, the company directed
its workforce to work overtime. But this result in many problems.
Due to increased pressure of work the efficiency of worker decline. Sometimes,
the subordinates had to work for more than one superior. The workers were
becoming undisciplined. The spirit of teamwork, which had characterized the
company previously, had begun to decline.
i. Outline the concept of principles of management.

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