In the context of management skills, Conceptual skills serves as one that gives the manager the capability to grasp a big-picture view of the overall organization.
Conceptual skills can be regarded as one that gives the leader, manager the abilities so that they can have better understand complex scenarios as well as develop creative solutions.
This gives the capability to know the relationship between its various parts.
Therefore, In the context of management skills, Conceptual skills helps the manager to have big picture as regards the organization.
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Answer:
The three main limitations to national income accounting are: Errors in Measurement: Black Market and underground activities are not included when calculating GDP. This is because there is no way to accurately measure black market activity.
The change in climate patterns affects the entire planet.
Although climate change is occurring at a relatively mild pace at the moment, one possible outcome in the future of increased environmental damage is more rapid climate change.
Answer:
present value; future value
Explanation:
When we express the value of a cash flow or series of cash flows in terms of dollars today, we call it the present value of the investment. This is achieved by discount the future cash flows using the appropriate discounting rate to show the effect of time value of money.
Then, If we express it in terms of dollars in the future, we call it the future value. This is achieved by Compounding the Principle or Present Value using the appropriate compounding rate to show the effect of time value of money
When an employee shadows another employee to observe the performance of the duties of his job and then the roles are reversed this is known as: on-the-job training.
- An essential area of human resource management is on-the-job training. It supports both the successful growth of the organization and the individual's professional development. One type of training offered at the workplace is on-the-job training.
- On-the-Job Training (OJT) is defined as training in the public or private sector that is provided to a paid employee while they are engaged in productive work and that offers the knowledge and skills necessary to function fully and adequately on the job. OJT.
- Although it isn't usually the norm, on-the-job training can boost productivity and efficiency in several industries. Additionally, it can be advantageous for the business as a whole, from lowering training expenses to developing more productive, motivated workers.
Thus this is the answer.
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