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CA (162,088)
UTSG (11,392)
RSM100Y1 (433)

Textbook Notes for RSM100Y1 at University of Toronto St. George

Introduction to Management

RSM100Y1 Chapter Notes - Chapter 1: Trade Union, Invisible Hand, Nearshoring

Chapter 1 The Changing Face of Business By Nikidiki Lin 1.1 What is Business? Business consists of all profit-seeking activities and enterprises that provide good and services necessary to am economic system. Business prov...

Rotman Commerce
RSM100Y1
Michael Khan
RSM100Y1 Chapter Notes - Chapter 7: Departmentalization, Profit Center, Learning Organization
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What Is Organizational Structure? Organizational structure is the specification of the jobs to be done within a business and how those jobs relate to one another. Each organization must develop a structure that meets ...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 19: New York Stock Exchange, Montreal Exchange, Tsx Venture Exchange
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Chapter 19 Securities Marketers Securities Stocks and bonds (which represent a secured-asset-based claim on the part of investors) that can be bought and sold. Primary securities market sale and purchase of new...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 6: Strategic Management, Goal Setting, Decision-Making
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WhoAre Managers? The Management Process Management is the process of planning, organizing, leading, and controlling an enterprises financial, physical, human, and information resources to achieve the organizations goals ...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter 5: RSM Chapter5
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The contemporary global economy Total volume of world trade = 8 trillionyr Globalization The integration of markets globally The world is becoming a single, interdependent system Imports Products purchased in Canada which ...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter 18: RSM Chapter18
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What is Money? The Characteristics of Money Money any portable, divisible, durable, and stable object generally accepted by people as payment for goods and services. Characteristics: Portable: lightweight and easy to handl...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter 3: RSM Chapter3
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Ethics in the workplace Ethics: individual standards or moral values regarding what is right and wrong or good and bad. Ethical behaviour: behaviour that conforms to individual beliefs and social norms about what is right ...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 4: Small Business
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Small business, New Venture Creation, and Entrepreneurship Small Business Small business: an owner-managed business with less than 100 employees Definitions vary Some statistics do not include unincorporated busi...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 2: Gross National Product, Purchasing Power Parity, Stabilization Policy
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Business cycle: pattern of short-term ups and downs (expansions and contractions) in an economy. Recession: period during which aggregate output, as measured by real GDP, declines. Depression: particularly severe and long...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 14: Management Accounting, Salary, Financial Accounting
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Accounting: a comprehensive system for collecting, analyzing, and communicating financial information. Bookkeeping: recording accounting transactions. Accounting information system (AIS): an organized procedure for identi...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 12: Statistical Process Control, Gross Domestic Product, Quality Management
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Productivity-quality connection Productivity: a measure of economic performance that measures how much is produced relative to the resources used to produce it. Quality: a products fitness for use in terms of offering the...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 11: Chemical Process, Quality Control, Materials Management
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Service operations: production activities that yield tangible and intangible service products Goods production: production activities that yield tangible products Creating value through production Utility: the power o...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 16: Brand Equity, Brand Loyalty, Business Analysis
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What is product? Product features and benefits Features: qualities-tangible and intangible-that a company builds into its products Value package: product marketed as a bundle of value-adding attributes, ...

Rotman Commerce
RSM100Y1
John Oesch
RSM100Y1 Chapter Notes - Chapter 8: Outsourcing, Canada Pension Plan, Production Function

1. The function of attracting developing and retaining employees to perform activities that are important tot the organizations goals is called Human resources Management. 2. Process of analyzing the company competiti...

Rotman Commerce
RSM100Y1
Michael Khan
RSM100Y1 Chapter Notes - Chapter 17: Capital Structure, Accounts Receivable

Finance - Business function of planning, obtaining, and managing the companys funds to accomplish its objectives as effectively and efficiently as possible The Role of the Financial Manager - Financial Mana...

Rotman Commerce
RSM100Y1
Michael Khan

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