Assignment (Economics) Example | Topics and Well Written Essays - 500 words - 2

(Economics) - Assignment Example This is mainly because of overcrowding in the factory or when addition of extra labor results in over utilization of capital resources. Diseconomies of scale are observed when a firm becomes a large scale business but loses control over its cost structure, thereby resulting in high costs per unit. Management inefficiencies, poor communication and absence of motivated workers lead to decline in productivity and subsequently in diseconomies of scale. The average cost decreases as the quantity produced increases because the contribution of fixed costs to each unit decreases. For instance, the fixed costs remain same no matter what the quantity produced is; therefore, if more units are produced the total costs become low that then result in low average total costs. Assuming both firms have similar fixed costs, then the firm XYZ will have higher cost per kilowatt hour because its total output is three times below the output of ABC. For instance, the contribution of fixed costs in average cost per kilowatt hour will be higher in case of firm XYZ due to low productivity. Explicit costs are those that are incurred during business operations i-e producing and offering goods and services. Indeed, they lead to cash outflows. Implicit costs, in contrast, are the opportunity costs of using business resources / assets that could or could not be calculated in monetary terms. Total fixed costs remains same or unaffected as output rises in the short run, assuming no change in capital resources. However, if firm expands in the long run and rents a large building for office, factory or other business purposes, then its fixed costs will also be changed. If a flawless / impeccable car is built by a single highly specialized individual then I could pay what that car-manufacturing firm or individual person demands for that car because the utility that I would get from using that vehicle would

Organisational Behaviours and HRM Coursework Example | Topics and Well Written Essays - 500 words

Organisational Behaviours and HRM - Coursework Example rce management and staff management may differ in so many ways depending on the scope, nature of the roles and even the services with human resource management being broader in perspective in both compared to staff management that is narrower in perspective. They too have similarities. The similarities can be summarized in terms of; Payroll & Associated Tasks, new staff recruitment procedures, the documentation processes, and models. In terms of models, both focus on the significance of integrating personnel and human resource management techniques with organizational objectives (Armstrong, 2006) so that both can aim to achieve a common overall objective. The organizational behavior concept and human processes are quite basic in relationship. Organizational behavior concept manifest themselves as some regulations or guidelines that define how employees in a given organization should conduct themselves when they want to engage themselves within certain activities like politics, examples include; organization culture, politics, and ethics. Human resource management, on the other hand, is concerned with implementing the said concepts by doing whatever is necessary to develop strategies of setting rules for the concerned employees. Example, under the organization concept of organization culture, human resource will be concerned with acting as an amplifier of the organization culture using any communication means like employee orientation to help him/her understand the said culture. The same is true for other concepts. The primary responsibility of a human resource manager is to ensure that human resources are utilized and managed as efficiently and effectively as possible (Saiyadain, 1999). Particularly, he/she does; recruitment and selection as well as developing the workplace as required by the organization. He also sees through that all employees receive the required training that is relevant to their job. Others are; motivating employees, ensuring a balance