Distinguish Between the Formal and Informal Organizations

question 61

Essay

Distinguish between the formal and informal organizations. Which of these affects organizational behavior?

Understand the concept of time value of money and its application in investment decisions.

Identify and calculate the cash payback period for an investment.

Apply the net present value method to evaluate capital investment proposals.

Compute the internal rate of return for an investment.

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Definitions:

Locus of Control

An individual's belief about the extent to which the outcomes of their actions are under their own control versus externally controlled.

An Attitude

A settled way of thinking or feeling about something, reflected in a person's behavior and perspectives.

A Behaviour

An action, reaction, or functioning of an organism, usually in response to its environment or stimuli.

Locus of Control

A psychological concept that refers to an individual's belief about the extent to which their actions can influence the events affecting them, categorized into internal and external loci.