From an organizational point of view‚ operations management might be defined as the management of the direct resources that are required to produce and deliver organizational goods and services. Operations management is an area of business that is concerned with the production of goods and services. Operations research is an interdisciplinary mathematical science that focuses on the effective use of technology by organizations. 2. What are the major factors leading to the resurgence of interest in
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1. What is a developmental path to psychological health? To neurosis? According to Adler‚ both psychological health and neurosis starts from feelings of inferiority with the final goal of superiority. In the development path to psychological health‚ one strives for perfection or completion in accordance to social interest. They strive to become better people while cooperating with others. In contrast‚ the path to neurosis is when one acts in his or her own personal superiority. They see people
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Chapter 5 Learning Objectives 1. Explain the concept of price elasticity of demand and its calculation. The price elasticity of demand measures the responsiveness of quantity demanded to changes in price; it is calculated by dividing the percentage change in quantity demanded by the percentage change in price. 2. Explain what it means for demand to be price inelastic‚ unit price elastic‚ price elastic‚ perfectly price inelastic‚ and perfectly price elastic. Demand is price
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1. When comparing the composition of world trade in the early 20th century to the early 21st century‚ we find major compositional changes. These include a relative decline in trade in agricultural and primary-products (including raw materials). How would you explain this in terms of broad historical developments during this period? The typical composition of world production during this period experienced major changes. Focusing on today’s major industrial countries the industrial-employment composition
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Pp. 138-142; q’s #1-2: 1. Summarize the main reasons why the Metis established a farming community in the Red River Valley. A. It contained some of the best farming land on the Prairies – Metis established farms along the banks of both rivers. “Hay privilege” lay in behind river lots; this was a place where Metis could grow hay. 2. Identify and examine several reasons that explain why the bison hunt was so important to the Metis. A. Bison provided meat and hides – meat was dried to make pemmican
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Duty of Care – Unit 204 1.1 Define the term ‘Duty of Care’ Employers have a duty of care to their employees‚ which means that they should take all steps which are reasonably possible to ensure their health‚ safety and wellbeing. A duty of care is a good way to build trust with your service user as it ensures that there is no harm caused towards them. Employers have the responsibility not to cause‚ or fail to prevent any harm to their customer and must do their responsibilities with consider to personal
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1. How do you feel about your husband in prison? I feel that they shouldn’t have done that to him. It really affected our family and changed our life a lot. Parvana has to disguise herself as a boy. She has to wear our dead son’s clothing. For us to survive‚ it is very dangerous for her. There is no man in our family which makes it hard to do anything in our community because the Taliban have so many unfair rules. 2. Do you think it’s safe for parvana to go outside as a man? It’s not safe at
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Final Exam Name___________________________________ MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) ________ is a service provided by the Internet that uses universally accepted standards for storing‚ retrieving‚ formatting‚ and displaying information in a page format. 1) _______ A) E-mail B) The Web C) FTP D) HTML TRUE/FALSE. Write ’T’ if the statement is true and ’F’ if the statement is false. 2) Large
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Top of Form 1 . Revenue increases when A. producer surplus increases B. producer surplus decreases C. consumer surplus increases D. consumer surplus decreases Bottom of Form Correct : Producer surplus is the difference between the minimum price the producer is willing to receive and what they actually receive. The surplus is their profit‚ and the larger the surplus‚ the greater their profit on the good. When it decreases‚ the producer receives a price closer to the minimum acceptable. The
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Lesson 1 (5.0 points) 1. What is scarcity? (1.0 points) Scarcity is the condition of people having unlimited wants but living in a world with limited resources. 2. What is an economy? (1.0 points) An economy is a system of trade. Trade is the exchange of things of value. 3. What is a commodity? (1.0 points) A commodity is something of value that can be bought‚ sold‚ or traded‚ such as a book‚ a car‚ or tutoring lessons. 4. What is a producer? (0.5 points) A producer is
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