pre-historic times. With time‚ these groups have evolved to become organized and civilized societies and have adopted different norms‚ cultures and trends that distinguish them from the other societies. But the process of evolution did not stop and continues till date‚ leading to the formation of the modern society by putting the traditional society behind the scene. The question of preferring the modern society over traditional one or vice-versa is a highly debatable issue and cannot be adequately
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boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples‚ and carrying costs are $0.80 per box on an annual basis. Determine: (A) the order quantity that will minimize the sum of ordering and holding boxes of staples (B) the annual cost of ordering and carrying the boxes of staples 2. . A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual basis. Determine:
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opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost‚ scarcity and trade-off are important in our daily life because it affects us every day in different ways and helps us make better economic choices. To begin with‚ scarcity is a condition when humans have infinitive
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Finance: Cost Benefit Analysis Question Two A government’s opportunity cost is the measure of a resource social margin costs incurred when they forgo an alternative. The opportunity cost of a government varies depending on the nature of the market. Government purchases occur when the government buys goods and services on behalf of the public. The opportunity costs of the government relate to its purchases of the public good and service. General government spending incurs opportunity costs that are
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Philippines Analysis of Cost‚ Profit and Total Revenue Prepared by: Cajucom‚ Mary Jane Constantino‚ Georgia Escuadro‚ Abigail Ferry‚ Yasmin Joy Orobia‚ Maribel Lopez‚ Rannel Tumale‚ Mary Joyce Submitted to: Mrs. Gina Braga Accounting versus Economic Costs Economic costs Are forward looking costs‚ meaning‚ economist are in tune with future costs because these costs have major repercussions on the potential profitability of the firm. ● Opportunity cost‚ or costs that
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activities; c. Productive activities‚ such as finished goods transportation‚ storage‚ customer contact‚ order processing‚ etc. d. Sales activities to let customers understand and buying of goods‚ such as advertising‚ promotion‚ marketing agency costs‚ etc; e. Service activities‚ including training‚ repair‚ maintenance‚ components renewal etc‚ aiming at improving the added value of products. Auxiliary activities: a. Procurement activities‚ to refer to the purchase of used in enterprise value
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Unemployment What is unemployment cost ? Unemployment is well as something bad ‚ most economist agree that high levels of unemployment are costly not only to a person directly affected but also as the economy as a whole. Some economist are convincing themselves that there is a certain level of unemployment that we can not erased. Elevated unemployment imposes significant cost on someone‚ the society and the county. The cost of unemployment to the individual is not something
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one is the breakage of the 18th Amendment. Roxie Hart‚ the protagonist‚ consumes alcohol illegally with her lover Fred. Roxie Hart and her boyfriend are shown consuming alcohol on the stairs‚ a direct stand against rules and standards. During the 1920’s‚ drinking in public was taboo‚ but the dare factor of alcohol was an exciting challenge which was meant to be rebelled against by the younger generation (Lazin). Another aspect of the moral shift was the openness of younger women and men to the acceptance
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Cost/Benefit Analysis After researching several different ASRS vendors such as Some benefits to adopting a new ASRS technology system by Remstar includes a wide range of ASRS models to choose from‚ maximizing of storage space (approximately 75% storage space will be saved due to the design of the Carousel system design and various models such as the Vertical model which uses space all the way up to the ceiling instead of requiring a large area like many other ASRS systems and has more than 7000
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Cost Management and Analysis (22753) Energy Efficiency Initiative Executive summary Introduction This report is an evaluation and recommendation for CSR about an investment in new forklifts in order to replace the100 old diesel forklifts (3.5 tonnes‚TCM) mainly used indoors at the group’s plants and distributions sites. There are three alternatives which best meets CSR’s needs; the gas‚ the electrical and the bio-diesel. The three alternatives in the capital expenditure proposal fall under
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