Applying Mathematical Concepts to Business Administration Essay

Applying Mathematical Concepts to Business Administration - Essay Example Despite this, many students still fail to realize just how important mathematics can be in their chosen profession. Other students mistakenly believe that the extent to which mathematics will play a role in their profession will be a minor role. In truth, mathematics is used daily in a variety of professional fields including business administration, and can often play a role in problem resolution. Some business related problems that can be solved with mathematics are payroll discrepancies and funding needs. Business Administration entails a multitude of tasks and responsibilities. Many of these components can become problematic if proper mathematics is not applied. For example, a business owner or manager may, at times, be held responsible for pay roll, accounts payables, accounts receivables, determining advertising or marketing needs, and writing various proposals. Although business owners can and often do hire help to perform these many functions, understanding the concepts will ensure that the business owner can accurately monitor the progress and effectiveness of his or her employees or contracted associates. Owning a business can present a variety of problems, including conflict resolution, competition, and establishing a loyal customer base. Some of these problems cannot be solved by the use of mathematics. However, several other problems can arise that will require a solid knowledge of mathematics and an understanding of how to apply mathematical skills: Having [at least] an introduction to these topics will provide you with the basics needed for initial analysis of financial situations in your business. This information is critical to successfully managing the financial aspects of your business (Jones International University 1). Although it may appear trite to first reference financial aspects of an organization as a source of potential problems faced by business administrators and owners, the problems that can stem out of a business's financial matters can be immense. If these problems are handled improperly, they could prove to be fatal for the business. One such problem is with proper payroll accounting. Payroll embodies the life-blood of a company's employees, contracted employees, and management staff. Put simply, payroll is the monetary compensation such employees receive in exchange for their work and services provided to the company or on the behalf of the company. The most common problem that can occur with payroll is inadequate tracking of hourly employees (Corpus Christi Caller 1). Hourly employees, or those employees who receive compensation based on the number of hours they work during a specific amount of time, can make mistakes regarding their time tracking. Additionally, managers can make mistakes when calculating the wage amount for an employee for one specific pay-period. When a mistake is found, several mathematics concepts will come into play to find the mistake and work to resolve the issue. First, to find the exact mistake, the manager's first step will be to recalculate the wages based on the employees hourly pay-rate and the number of hours that employee has reported working. Doing this will require a basic mathematical concept; simply multiply the number of hours worked by the employee's hourly wage amount and round the product up or down to the nearest 100th. Should this answer not match the amount shown on the check, then the problem can be resolved by issuing a new check for the amount of the difference. However, if this new product does match the amount

Social Factors in Language Learning Essay Example | Topics and Well Written Essays - 1250 words

Social Factors in Language Learning - Essay Example This paper declares that nowadays the English language undergoes several variations due to different factors. Among them people can distinguish regional, social, personal and even gender variations. The most widespread and obvious one is regional variation of the English language. This discussion explores that thanks to the popularity of American media and British culture the speakers of both models adopt certain vocabulary and pronunciation from each other. This process is commonly called accommodation. Apart from two main models of English regional variety of this language includes several dialectal variations. There are regional dialects of English both, in the USA and Great Britain. Dialects vary mostly in vocabulary and these differences are quite large and numerous. Unfortunately, this contrast between speakers sometimes leads to conflicts and bulling because one dialect is considered to be more privileged than the other. However, people should abandon this prejudice and treat everyone equally. Depending on people’s social identities, they use different types of language. There are many factors which predetermine the usage of certain constructions, words and intonation. They include the level of education, sex, occupying job and age. In some count ries with English speaking population social variation of the language does not play a huge role.