We regulate the practice of Orgtology.
What is Orgtology?
Orgtology studies workplace systems and dynamics with the aim to increase performance and ensure relevance. The word is a blend between "organisation" and the Greek word "-logy", meaning the science of organisation. An Orgtologist can help organisations to perform and stay relevant. It holds eight core theories that deal with orgtelligence; work; results; leadership; team dynamics; and intrapersonal wellbeing.
What is Orgamatics?
Orgamatics is an orgtology field of study. Through this, we use scientific method to create strategy and drive operational efficiency. In so, it is key to grasp organisational systems. This includes orgtelligence (systems intelligence & human intellect), work (processes & projects), and results (efficiency & effectiveness). The term blends the words, "organisation" and "mathematics". It denotes the mathematical construct of an organisation.
What is Organamics?
Organamics is an orgtology field of study. In this field, we study the effect that people dynamics have on organisations. People can be abstract, unpredictable, and innovative. In so, they create a dynamic that is hard to grasp. We call this the X-Factor. It creates intrapersonal relations, teamwork, and leadership. These dynamics can change the nature of an organisation. The term blends the words, "organisation" and "dynamics".
Fixed Cost
| Term | Definition |
|---|---|
| Fixed Cost | Fixed cost (FC) is an expense that does not change with an increase or decrease in production or service delivery. In other words, fixed costs are expenses that must be paid, independent of any business activity. It encapsulates the overheads of Org. FC tend to be time-related, such as interest or rents that you must pay monthly.
General Description...In economics, fixed costs, indirect costs or overheads are business expenses that are not dependent on the level of goods or services produced by the business. They tend to be time-related, such as interest or rents being paid per month, and are often referred to as overhead costs. This is in contrast to variable costs, which are volume-related (and are paid per quantity produced) and unknown at the beginning of the accounting year. For a simple example, such as a bakery, the monthly rent for the baking facilities, and the monthly payments for the security system and basic phone line are fixed costs, as they do not change according to how much bread the bakery produces and sells. On the other hand, the wage costs of the bakery are variable, as the bakery will have to hire more workers if the production of bread increases. Economists reckon fixed cost as a entry barrier for new entrepreneurs. In management accounting, fixed costs are defined as expenses that do not change as a function of the activity of a business, within the relevant period. For example, a retailer must pay rent and utility bills irrespective of sales. In marketing, it is necessary to know how costs divide between variable and fixed costs. This distinction is crucial in forecasting the earnings generated by various changes in unit sales and thus the financial impact of proposed marketing campaigns. In a survey of nearly 200 senior marketing managers, 60 percent responded that they found the "variable and fixed costs" metric very useful.
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