Project Topic: Profit Maximization of a firm. Profit maximization has always been considered the primary goal of firms.The firm’s owner is the manager of the firm‚ and thus‚ the firm’s owner-manager is assumed to maximize the firm’s short-term profits (current profits and profits in the near future).Today‚ even when the profit maximizing assumption is maintained‚ the notion of profits has been broadened to take into account uncertainty faced by the firm (in realizing profits) and the time value
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The Louisiana Purchase was the greatest land purchase in US History. It nearly doubled the Nation’s size and it would bring much wealth to the nation. For example‚ in time gold would be discovered in the west and farming would be used on the land. This territory had been owned by different nations as a result of the French Indian war. However‚ in the end‚ it was sold to the US by the French. Jefferson had a plan for this land‚ although not everyone agreed with him buying the land. The treaty was
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Discuss the significance of innovation for the competitive position of the firm. Why is innovation important for business organisations? In what areas of the business might innovation be significant? Todd McLerie Innovation is an essential part of business and making the world go around; it is the basis of economic growth worldwide and can allow a firm to overcome limitations in inputs‚ maximise their resources‚ and gain an advantage over their competitors (Popa‚ Preda‚ & Boldea‚ 2010). The
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What factors would you use to decide whether to do you NPV analysis on real or a nominal basis NPV analyses usually involves four steps such as forecasting the benefits and costs of a project in each year‚ determining a discount rate‚ using the NPV formula to calculate‚ and comparing the Net Present Value with other alternative projects. Comparing real (current) and nominal discount rates when conducting an analysis is all based on how detailed of an analysis you’re looking to obtain. Forecasting
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Considering three key areas that will affect the decision whether a hospital receives its accreditation consist of the release of information‚ protection of privacy/maintenance of confidentiality/protection of data security‚ and management of sensitive health information. The Joint Commission on Accreditation of Healthcare Organizations (JCAHO) requires this privacy and security rules including 18 types of identifiers for individuals must be secured at all times to include Electronic protected health
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You Decide Recommendation The economy has been in a rough shape for a number of years. Many people have lost their jobs‚ their homes‚ their savings‚ and their confidence. Although the recession lasted for a while‚ the nation is going through a recovery mode. As the new senior economic advisor to the President of the United States‚ I need to recommend a plan of action to help curve inflation‚ unemployment‚ and economic instability. First‚ I have to take a look at what my colleagues recommend and
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RESOURCE-BASED-VIEW OF A FIRM LITERATURE REVIEW 3 Introduction- What is the Resource-Based-View of a Firm? 3 Resource-Based-View -Background 3 Resources & Capabilities of a Firm 4 Firm Resources & Sustainable Competitive Advantage 5 Value 5 Rareness 6 Inimitability- Is it hard to copy? 6 Non- Substitutability 7 Durability 7 Imperfect Mobility 8 Appropriability- Who captures the value the resource creates? 8 Competitive Superiority 9 The RBV of a Firm’s Ability to Innovate 10 Conclusion
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potential liability. Write a memo to him that states your view of whether the company is exposed to liability on all issues you feel are in play. Include in your memo any laws that apply and any precedent cases either for or against Teddy’s case that impact liability. Include your opinion of the "worst case" of damages the company may have to pay to Virginia. | | | Student Answer: | | Mr. Moore‚ As per your request as to whether Teddy’s Supplies is potentially liable for the harassment charges
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In how smart are animals? The author Dorothy Patent‚is informing the audience because‚ she is trying to inform us about how animals may or may not be intelligent. She said that animals may be intelligent because in one of the stories of animal intelligence is about a girl how hot stuck in a snow drift and her neighbor dog came and polled her out of the snow drift. Another example of animal intelligence is clever hans‚clever hans was a horse trained to do work problems by a retired teacher. Hans
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Legislative History Must be used When the wording of a statute is not clear and explicit‚ then it is difficult to know how a particular statute should be applied. Supreme Court Justice Scalia wrongly clams that legislative history should not be used when interpreting an ambiguous statute’s meaning. He is wrong to state that it is undemocratic to use legislative history because legislators‚ staffers‚ and lobbyists are all a part of the process of the creation of statutes. Legislators often intentionally
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