Discuss the Different Forms of Organizational Justice

question 27

Essay

Discuss the different forms of organizational justice. Which form do you think would be most important to employees? Which form do you think is most under managers' control?

Understand the role of change and change agents in organizational effectiveness.

Recognize the importance of effectively responding to and mediating conflicts as a supervisor.

Understand the concept of compromise and its role in conflict resolution.

Distinguish between different conflict management strategies and their appropriateness in various situations.

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Definitions:

Return on Assets

A financial ratio that measures the profitability of a company in relation to its total assets, indicating how efficiently a company uses its assets to generate profit.

Inventory Sold

The cost of goods that have been sold from the inventory over a specific period, which is used to calculate the cost of goods sold.

Cash Coverage Ratio

A financial metric that measures a company's ability to cover its debt obligations with its cash and cash equivalents.

Net Income

The profit or loss of a company after all revenues, expenses, taxes, and costs have been subtracted from total revenue.