3. Mr. Amit is the departmental head of Marketing and has seven employees directly reporting to him. The seven members of the team are never in consensus with each other on major important decisions. There had been heated discussion among them in various meeting scheduled by Mr. Amit. The team members are not having great rapport with Production and R&D departments’ Head because of lack of coordination within the team. There is total chaos and confusion in the organization. Mr. Amit is worried about the online course that he has joined and has not been able to commit himself for the course. He is not able to give time to solve the assignments, check the MCQs, and participate in the discussion forum which are a part of the course. Mr. Amit’s relationship with the seniors is cordial. He doesn’t like the Production Department head as the latter doesn’t provide him with regular reports and delivery status. a. Enumerate types of conflicts and identify various types of conflict in the above case?
Answers
president is only the nominal head of the country but Prime Minister is a real head of the country
the main decisions of the country can be taken by the Prime Minister only without consulting with the president
The Appraisal Institute’s “Market Value: What Does it Really Mean” provides a historical overview of “value” and “market value,” including many definitions from a variety of sources.
One example comes by way of the Federal Deposit Insurance Corporation (FDIC), stating that market value is, “the most probable price which a property should bring in a competitive and open market under all conditions requisite to a fair sale.”
In other words, what is a buyer willing to pay, and a seller willing to accept, given that all other circumstances are standard and expected.
2. Investment Value
Investment value is the value that a property offers to a specific investor. It is the value that the investor would be willing to pay for the property.
Regardless of market value, there’s always going to be a limit to what an investor is willing to sink into an asset.
Investment value is based on the investor’s own qualifications, available capital, tax rate, and financing.
3. Insurable Value
This refers to how much of a property is at potential risk of damage, for the sake of determining insurance coverage.
In other words, what is the value of the portion of the property that can be covered in an insurance policy.
4. Assessed Value
Assessed value is a property value determined by a local tax assessor for real estate tax purposes.