1 Limits‚ Alternatives‚ and Choices McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies‚ Inc. All rights reserved. Introduction • LO1 Economics defined: • Briefly: Economic wants exceed productive capacity. • A social science concerned with making “optimal choices” under conditions of “scarcity”. The Economic Perspective • • LO1 Thinking like an economist Key features (of economic perspective): • Scarcity and choice(next slide) • Rational self-interest(max. satisfaction)
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11 Pure Competition in the Short Run McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies‚ Inc. All rights reserved. Four Market Models • Pure competition • Pure monopoly • Monopolistic competition • Oligopoly Pure Competition Monopolistic Competition Oligopoly Pure Monopoly Market Structure Continuum LO1 Four Market Models Characteristics of the Four Basic Market Models Pure Characteristic Competition Monopolistic Competition Oligopoly Monopoly Number of firms A very large
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Company Number Code Industry Rationale 6 A A Airline Airlines are highly leveraged and with assets majority invested in PPE 9 B B Bank It has no inventories. It ha s very high Accounts payable for customers demand deposits and slightly high other current liabilities for other types of deposits. Also‚ it has a very high amount of receivables for loans made to customers. 8 C C Brewery It has a very long inventory turnover as a result of aging of its brews. 3
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Page 1 3-2 Final Project Milestone One: Bay of Pigs and The Cuban Missile Crisis: Blakely Funderburk His 245 Southern New Hampshire University Page 2 During the 1950s and 1960s America was both in hiatus on both the domestic and international front. The war had been won‚ and Germany and Japan had surrendered in 1945. It was a huge victory throughout the world. World War 2 was a victory not only to conquer the Nazi Germany regime‚ but the war had also brought the United States out
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Osama bin Laden and Cuban Revolution The reading “Challenges to the Cold War II: The Cuban Revolution and the Cuban Missile Crisis” told that in 1959‚ Cuba experienced an upheaval. Before that‚ Cuba was a colony of Spain until 1898. Then it became independent with the American’s assistance. As a result‚ American power replaced over the Spanish rule. Following that‚ for decades‚ Cuba became a tourist playground of rich Americans. This became an incentive for the organized crime groups to use Cuba
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– – – Lecture PPTs Class discussions Readings recommended Opinions must have factual and logical basis: • Different readings may have different approaches • Separate question papers – Sections (A‚ B and F); (C and E) and (D) • Grades to be normalized 7 Grade normalization target • • • • • • • A plus: 10% of the students A only: 15% A minus: 15% B plus: 25% B only: 15% B minus: 10% C plus/F: 10% 8 Note: Actual distribution may vary across sections Lectures • PPTs in course web
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Intro Sociology‚ MW: 1130-1245 Notes from: 09/09/13 What is the sociological imagination? A “lens” with which to view the social world It is a perspective It is the ability to see societal patterns that influence individual and group life The sociological imagination is about understanding the relationship between individuals and the society in which they live The “promise” and “task” of sociology is that sociology will help us to understand ourselves and our behaviors by examining the patterns
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manufactured‚ a schedule of cost of goods sold‚ and an income statement for a manufacturer using a normal costing system. © 2010 McGraw-Hill Ryerson Ltd. 3 Learning Objectives (con’d) 7. Demonstrate the process of project costing used in service industry firms and nonprofit organizations. 8. Apply the two-stage allocation process used to compute departmental overhead rates (Appendix). © 2010 McGraw-Hill Ryerson Ltd. 4 Learning Objective 1 Product and Service Costing Our focus ranges
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Who was to blame for the Cuban missile crisis? The U.S had part of this crisis as they overreacted to the fact that the U.S.S.R was importing missiles into Cuba. They made Cuba tense because they tried to invade Cuba twice. The Cubans needed and help and the U.S.S.R were there to help. If the U.S didn’t try to invade Cuba then it wouldn’t cause so much tension thus the crisis not happening. Also if they haven’t set up a base in Turkey then this wouldn’t have led the Russians to put missiles in
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Dr Nasina Mat Desa nasinausm@gmail.com 1-1 JOW 365E – INTERNATIONAL MANAGEMENT E Book :Deresky‚ H. (2011). International Management: Managing Across Borders and Cultures‚ 7ed.‚ Prentice Hall‚ NJ. EVALUATION CRITERIA: Paired Assignment 2 Continuous Assessment - 20% 20 % Final Examination - 60% Copyright ©2011 Pearson Education‚ Inc. publishing as Prentice Hall Assignment Find a partner. Case study : Canada Timber : Negotiating with the Japanese Deadline : 01 April 2015 Allocation
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