Question 2: (a) Suppose the income elasticity of demand for pre-recorded music compact disks is +5.0 and the income elasticity of demand for a cabinet maker’s work is +0.5. Compare the impact on pre-recorded music compact disks and the cabinet maker’s work of a recession that reduces consumer incomes by 10 per cent. (2 marks) (b) How might you determine whether the pre-recorded music compact discs and MP3 music players are in competition with each other? (2 marks) (c) Interpret the following
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Homework Anika Huq. 3140758. A6 Tute 5: 05/10/12 Chapter 6: Investors in the share market. 7. (a) Explain what is meant by the liquidity of a company. Define two common accounting measures of liquidity. (b) Why is liquidity an important indicator that an investor should consider when analysing share investment opportunities? Answer: 7. a) A company must ensure that it has access to sufficient cash to be able to meet its current commitments and take future advantage of future
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Problem Set 8 1.Your Aunt Imelda is thinking about opening a pub. She estimates that it would cost € 500 000 per year to rent the premises‚ buy a license to serve alcohol and to buy in enough Murphy’s Irish Stout from the brewery. In addition‚ she would have to leave her € 50 000 per year job as an accountant. a) Define opportunity cost. When making a decision between options A and B‚ the opportunity cost of choosing A is what you could have won if you would have chosen option B. That is‚ what
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7 areas of Business Management • general management: examination of management process as a whole • marketing management: marketing of business • financial management: acquisition and control of money • production and operations management: physical production of products • purchasing management: acquisition of assets machinery products etc. • human resources management: employment‚ management‚ training of staff public relations management: create a favourable image of business • Business world:
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1. What are the factors taken into account by linguists when designing language maintenance and revitalization strategies? Which strategy would you choose for the following languages‚ and why? a) Cantonese b) Hakka in Hong Kong 2. What are the six major problems identified by Tsunoda that language revitalization faces? 3. In what ways do governments play an essential role in the revitalization of languages? Funding Use and recognition as an official language Promote language by education
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xx/xx/xxxx xacc/280 week 8 Checkpoint The collapse of Enron back in 2001 shows a number of unethical practice. This company shows unethical practice in accounting as well as business. This company is a perfect example on how unethical behavior of a few people can affect millions of individuals. This also affected these individuals for many years after. Enron was the first business to have nationwide gas pipeline networks. On November 8‚ 2001 Enron made an announcement in a SEC filing that
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HIPPA Tutorial Summary HCS/320 September 8‚ 2014 University of Phoenix HIPPA Tutorial Summary HIPAA stands for Health Insurance Portability and Accountability Act. HIPAA privacy rule was passed by congress in August of 2002. According to Understanding Health Information Privacy (2014)‚ "The HIPAA Privacy Rule provides federal protections for individually identifiable health information held by covered entities and their business associates and gives patients an
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Chapter 1 TRUE/FALSE Competing with Operations Tutorial Processes Inputs 1. Operations management refers to the direction and control of inputs that transform processes into products and services. F Main functions 2. As a functional area of a business‚ Operations translates materials and services into outputs. T 3. The three main line functions of any business include Operations‚ Finance and Marketing. T 4. Support functions in an organization include Operations‚ Finance and Marketing
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Week 8: Learning Styles * Did your personality spectrum profile surprise you? Why or why not? I was and was not surprised on what the results of my personality spectrum were‚ I have always been aware that I’m an organizer. What surprise me is that organizer is my strongest personality; I would have thought that adventurer would have been my strongest. But after reading the description of the organizer is‚ it all makes sense and I see why it is my strongest personality. Although adventurer is
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Week 8 Assignment 2 Four major points discussed in the article are no play without a script‚ childhood‚ adolescence‚ and adulthood. No play without a script is visualizing sexual behavior as scripted behavior instead of a primordial drive. Individuals can learn can learn sexual behavior as he or she learns other behavior‚ through scripts give the self‚ other persons‚ situations erotic abilities or content (Psychosexual Development‚ pg. 61). This is where foreplay comes in action. Foreplay can
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