Answer 1 3 5 10 Correct Feedback correct Incorrect Feedback incorrect Add Question Here Multiple Choice Question In economics‚ an organization that employs resources to produce goods and services for profit and operates one or more plants is called a(n): Answer industry. shop. conglomerate. firm. Correct Feedback correct Incorrect Feedback incorrect
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Unit 2 Assignment Student Name: Magida Taracena 1. Analyze what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred (be sure to indicate WHY it happens as well): a. The price of Coke decreases: If the price of coke diminishes the demand will increase and if Pepsi stays the same the demand will stand still. This means that if the price of Coke decreases and
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MEANING SCOPE AND METHODS OF MANAGERIAL ECONOMICS INTRODUCTION Emergence of managerial economics as a separate course of management studies can be attributed to at least three factors.: (a) growing complexity of business decision making process due to changing market conditions and business environment (b) consequent upon‚ the increasing use of economic logic ‚ concepts theories and tools o economic analysis in the process of business decision making (c) Rapid increase in demand for professionally
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CASE STUDY – Middle – sized textile printing company Q1. Mention the problem? The problem of that case study is the organizational conflict i.e. every functional manager is trying to get his own interest; therefore‚ the working climate became disturbed. In other words‚ it is possible to say that it is a communication issue. Q2.What did sales managers do? The problem of the sales manager lies in focusing on getting more customers more than thinking of getting more profitable orders. Q3. What
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EXECUTIVE SUMMARY The textile industry is mainly a labor intensive industry as it provides livelihood to the huge population‚ mainly consist of unskilled workers‚ thus plays a pivotal role in the development of any economy. As this particular industry also comes under the basic necessities of human beings‚ it impacts a lot to the society as a whole. There has been increase in demand of textile products in last few decades globally‚ mainly due to rapidly changing social and economic structure of the countries
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Chief Characteristics Of Managerial Economics It would be useful to point out certain chief characteristics of Managerial Economics‚ inasmuch it’s they throw further light on the nature of the subject matter and help in a clearer understanding thereof. 1. Managerial Economics micro-economic in character. 2. Managerial Economics largely uses that body of economic concepts and principles‚ which is known as ‘Theory of the firm’ or ‘Economics of the firm’. In addition‚ it also seeks to apply
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Birzeit University MBA Program Managerial Accounting BUSA 631 Spring 2013 Case 3 The Rohr Company’s old equipment for making subassemblies is worn out. The company is considering two courses of action: (a) Completely replacing the old equipment with new equipment or (b) Buying subassemblies from a reliable outside supplier‚ who has quoted a unit price of $1 on a 7-year contract for a minimum of 50‚000 units per year. Production was 60‚000 units in each of the past 2 years. Future
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The Nature and Scope of Managerial Economics Managerial Economics • Managerial economics‚ meaning the application of economic methods in the managerial decisionmaking process‚ and it is a fundamental part of any business. This is happening for several reasons It is becoming more important for managers to make good decisions and to justify them‚ as their accountability either to management or to shareholders increases. Number and size of multinationals increases‚ the costs and benefits
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MHA Textile Case The MHA Case raises the issues of ethics and independence in the auditing world. MHA is the audit client‚ but NYH is one of its major subsidiaries. NYH has been forced to cut costs‚ which has left its accounting department lacking in enough adequately trained personnel. When Susan‚ NYH’s Accounting Manager asks the auditor for help in closing the books for the second-quarter‚ the auditor must decide how to proceed. The auditor has two main options: help Susan close the books
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1. If the consumer’s budget constraint is given by 10F + 5S = 100 where F is food and S is shelter‚ how much food can he buy if he purchases 2 units of shelter? Plug in number Student Response Value A. 10 B. 5 C. 20 D. 9 100% Score: 1/1 2. If the consumer’s budget constraint is given by 10F + 5S = 100 where F is food and S is shelter‚ what is the opportunity cost of food in terms of shelter? F/S Student Response Value A. 5 B. 2 C. 15 D. 10 0% Score:
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