Assignment # 7 Example | Topics and Well Written Essays - 500 words - 1

# 7 - Assignment Example b) The amount of profit generated by the company per dollar of sales: Net profit margin. It is profitability ratio. A company should have higher value for the ratio because it indicates high profitability. c) This ratio gives a measure of the number of days it takes a company to collect on sales that it sells on credit: Days sales outstanding. Efficiency/Asset Utilization ratio. A lower value for the ratio is favourable as a company collects cash faster from customers, it has good collection procedures. d) This ratio is used to determine how easily a company can pay interest expenses on outstanding debt: Times interest earned. It is a leverage ratio. A higher value for the ratio is favourable; the company has more cover for finance costs hence low business risk. e) This ratio specifies the number of days it takes for the company’s inventory to be converted to sales, either as cash or accounts receivable: Days in inventory. Efficiency/Asset Utilization ratio. A lower value for the ratio is more favourable as the company is converting its inventories into cash faster; hence the inventory is more liquid. f) This ratio indicates how profitable a company is over on accounting period (typically 12 months) without regard to how it is financed: Return on assets. Profitability ratio. A higher value for the ratio is required because it indicates that the company is more profitable. g) A ratio that further refines the liquidity by measuring the amount of the most liquid current assets there are to cover current liabilities: Acid test ratio. It is a liquidity ratio. A company should have higher value for the ratio to be able to meet its short term obligations with lots of ease. h) This ratio compares the amount of interest-bearing debt in a company’s capital structure to its total assets: Debt-to-total asset ratio (leverage ratio). A lower value for the ratio is required because it indicates less leverage and less risk. i) This ratio is a measure of

Identify and outline the benefits and problems of using psychological Essay

Identify and outline the benefits and problems of using psychological tests as part of the selection process within an organisation - Essay Example At the same time a person performs many roles at the same time the happenings in one role are bound to affect the behaviour in others' roles of the person. At this point of time, it may be noted that inspite of all human beings being similar in the outer case, each one is different from the other taking into consideration each one's mind. Every individual is to be treated differently although two persons may have the same behavioural problems. Everyone has a different quality of nature, different quality of intelligence, different perception and even different ways of behaviour. This is the most important reason that the organisations need to study the individual's psychology, so that they come to know about the nature of the individual as the psychological tests are the best possible means to know about the mind of the person who will be joining the industry. This has become even more essential with the huge competition in the market where the organisations are always in the fight to have the most competent professionals in their company who would take the company to new altitudes. The psychometric tests (1) are the tests which are specifically designed to gauge the ability, personality and the aptitude of the persons. The objective of the psychometric tests is to have the complete knowledge and information about the style of behaviour that one has. These tests are the guide to the employers to know about the person as to how he relates himself to his work and even the other employees. This apart the employer also comes to know of the style of work that the person can do and as to what kind of motivation does he have. The questionnaires that are prepared for such tests are basically untimed and there are no right or wrong answers in it. The employers in this way will can choose their right candidate as they have the most appropriate profile of the person that they want to get involved in the company and the results of such psychometric tests along with the others selection tools, enable the employers to make the right decision as to how does one fit to the requirements of the role. The process of the psychological testing or the psychometric tests are made a part of the selection process by the employers in order to test the ability, motivation, potential and the style of their behaviour of the candidates. These tests may be used in the first step in the recruitment process along with the first and/or the second interview. The psychometric tests provide the employer with evidence that are normally missing in the application forms and which also can not be judged by an interview. These evidences give the correct opinion ass to which person is the most capable for the organisation and who can take the organisation through all the roughs and toughs that it may face. Because of the psychometric tests that are conducted, the employers have the opportunity to get the best for their organisation as they can study about the personal qualities, abilities, potential and the motivation to effectively carry out the job given to him. The selection process will consist of various kinds of tests and interviews etc, along with the psychometric tests and there needs to be a comparative grade taken or one has to perform well in

Corruption in the Teamsters Union Essay Example | Topics and Well Written Essays - 3250 words

Corruption in the Teamsters Union - Essay Example (Myint, 2000), notes that the lack of Accountability, mingled with Economic Rent, here defined as a unique feature in a person which causes them to be at an ad vantage with the competitors, and Discretionary Powers, defined as the allowance for leaders to twist rules in their own way brings about corruption. Taking this in mind, most trade union members join the unions just their work rights insured. They hence don't give a keen thought to a leader's character as long as he or she is representing their rights well. Therefore, Trade Unions provide an even field for greedy men and women to propagate their activities without confrontation. Mismanagement and embezzlement of collective funds has led to the collapse of famous trade unions in several countries. This increasingly destructive vice has spurred an unprecedented input in research on the Causes, effects and cures of Corruption in Trade Unions. Surprisingly, the issues of corruption continue in increasing numbers. Nevertheless, we have a better knowledge and deeper understanding of the causes and effects of Corruption, not just in Trade Unions, but also in other agencies. For the sake of this paper, I will examine Corruption in the International Brotherhood of Teamsters (IBP), otherwise called the Teamsters Union. The findings and recommendations will represent the possibilities in other Trade Unions. Background Information The IBP is the largest private sector labor union in the United States and Canada. It comprises of over 2 million blue-collar workers in the public service and private sectors. Unlike most Unions, the IBP divides into many strong smaller unions, with their own leadership structures and policies. The International Body acts only as a coordinating agent. IBP history dates back to the early 1900s, being a merger of two former Trade Unions. The Teamsters' National Union is the Foundation stone for the Union. It was established by truck drivers and deliverymen from Chicago who had defied the A merican Federation of Labor (AFL) attempts of creating a teamsters trade union. The Union later merged with Team Drivers' International Union (The Union formed by AFL), to form the International Brotherhood of Teamsters (IBT). The new group now registered as an affiliated group to the AFL. At its inception, the Teamster Union aimed at ensuring fare working conditions for the members. Its leadership structure has smaller subsidiary groups called Locals. The Locals elect their own leaders who then elect the national leaders. The initial membership consisted of deliverymen using horse drawn vehicles, until in the 1930s after Truck Drivers surpassed them. From the onset of the Union, its mandate has been representing the rights of truck drivers, service deliverymen and other similar job groups. The Union has a great bargaining power, fueled by its large membership as well as its capacity to hamper the transportation of important goods. It has always been important to the AFL, for a stri ke by its members would hamper the movement of products throughout the nation. Inasmuch as, the numbers were important in ensuring a good bargaining power, the same was also a brooding ground for corrupt leaders. Most of its leaders are notorious in soliciting for bribes from