Applications of the economic way of thinking: domestic government and management policies CHAPTER 4 Perspective 4: Maslow’s Hierarchy of Needs and Economists’ Supply and Demand Curves MBA students will rarely make it through their programs without encountering “Maslow’s Hierarchy of Needs” in several of their courses‚ most notably their marketing courses. A. H. Maslow‚ a psychologist‚ argued that basic human needs can be specified with reasonable clarity and can be ranked according to their importance
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Chapter 4 15. For discrete compounding‚ to find the EAR‚ we use the equation: EAR = [1 + (APR / m)]m – 1 = .0719‚ or 7.19% EAR = [1 + (.07 / 4)]4 – 1 EAR = [1 + (.16 / 12)]12 – 1 = .1723‚ or 17.23% = .1163‚ or 11.63% EAR = [1 + (.11 / 365)]365 – 1 To find the EAR with continuous compounding‚ we use the equation: EAR = er – 1 EAR = e.12 – 1 = .1275‚ or 12.75% 23. Although the stock and bond accounts have different interest rates‚ we can draw one time line‚ but we need to remember to
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What does it mean to be a consumer : Issues‚ Problems‚ Challenges‚ Attractions? A consumer can be defined at its most basic level as “an individual who buys products or services for personal use.” There is a common misconception that we can only consume tangible products or things which we can physically use. However‚ as mentioned in the definition above we can also consume leisure activities- such as watching television‚ surfing the internet or going for a swim‚ we can consume education by
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TUTORIAL 1 (Chapter 1) WHAT DOES IT MEAN TO BE A LEADER? Leadership is defined as an influence relationships among leaders and followers who intend real changes and outcomes that reflect their shared purposes. Major research approaches include • Great Man theories‚ • behavior theories‚ • situational theories‚ • influence theories‚ and • relational theories. Today’s leadership involves the shift • from stability to change and crisis management‚ • from
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The principle that was conveyed in Chapter 4 of Part 2 is to be a good listener and encourage others to talk about themselves. In order to express this principle‚ Carnegie uses an example between a young child and his mother; the boy stated‚ “...I really know you love me because whenever I want to talk to you about something you stop whatever you are doing and listen to me (83).” While reading this‚ I felt a connection to it in many ways; a time where I was not properly listening to somebody or giving
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Chapter 4 talks about states of consciousness. William James is associated with the stream of consciousness‚ which is a term used to describe the continuous flow of changing stations sensations‚ images‚ thoughts‚ and feelings. Consciousness is an individual’s awareness of external events and internal sensations under a condition of arousal. There are two types of consciousness‚ awareness and arousal. Awareness is awareness of the self and thoughts about one’s experiences and thoughts about our thoughts
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Governmental Acct. Chapter 1 Homework 1-1) What justifies the different accounting & financial reporting practices of gvmt. & not-for-profit organizations as compared with business organizations? The fact that governments may have a monopoly on the services that they provide and the taxpayers must provide resources to them regardless of what they are‚ and efficiency is hard to measure as well as the quantity or quality of the services. 1-2) Describe the principal differences that distinguish
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Waleed Tarek El Nimer Address: 18a St. Al Aghori‚ Hadyek El Kobba‚ Cairo‚ Egypt. Tel: +20-121550539‚ +20-2-24844949 Marital Status: Single Email: wtelnimer@hotmail.com Date: 17/03/1984 Military Service: Exempted Nationality: Egyptian Accountant Objective: Seeking a challenging position in the Finance field whereby my skills can be applied And developed. Work History & Experience: Responsibilities: November 2010 till now Job Title: Senior Accountant Company Name: N2V Location: Nasr City
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a sense of home’. Explain this statement with reference to ideas of routine‚ repetition and habit. Rita Felski states that everyday life is experienced in a unique way. It is ‘anchored in a sense of home’ (DD201‚ Book 1 page 3). By this‚ she means that the everyday is connected and grounded by its relation to home. She also said that the everyday consists of repetitive behaviours‚ for example daily events like making meals‚ that we take the everyday for granted‚ as a habit. Home is a concept
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Emily Drennan APHG Chapter 4 Questions and Vocab What are local and popular cultures? 1. We define culture as the way of life of a particular people‚ it is what defines us as people‚ language‚ religion‚ food‚ and sports are all aspects of culture. 2. The difference between folk culture and popular culture is folk culture is the practice of a custom by a relatively small group of people in a focused area‚ popular culture is the practice of customs that span several different cultures and may even
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