Diff between economics vs managerial economics 1 The traditional Economics has both micro and macro aspects whereas Managerial Economics is essentially micro in character. 2. Economics is both positive and normative science but the Managerial Economics is essentially normative in nature. 3. Economics deals mainly with the theoretical aspect only whereas Managerial Economics deals with the practical aspect. 4. Managerial Economics studies the activities of an individual firm or unit. Its analysis
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Each and every person has the potential and free choice to pursue a career as an entrepreneur. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 2. The generation of the 21st century may become known as generation E because they are becoming the most entrepreneurial generation since the Industrial Revolution. ANS: T PTS: 1 NAT: AACSB Reflective Thinking | Motivation Concepts KEY: pg 29 3. Determining a person’s “entrepreneurial
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|Products |Description |Prices | | | | |[pic] |[pic] | |Brand name |Kind | |Essel Supermarket |Robinson’s |Jenra Grand Mall | |
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40‚000 | | 100‚000 | | 404 | | | | 20‚000 | 20‚000 | 40‚000 | | 405 | | | | | 20‚000 | 20‚000 | | Total | 90‚000 | 120‚000 | 90‚000 | 60‚000 | 40‚000 | 400‚000 | 2 Physical Measures Method | Produced | Proportion | Joint Cost Allocation | Unit Cost | 401 | 90‚000 | (90‚000/400‚000)0.225 or 22.5% | (200‚000 x 0.225)45‚000 | (45‚000/90‚000)0.5 | 402 | 120‚000 | (120‚000/400‚000)0.3 or 30% | (200‚000 x 0.3)60‚000 | (60‚000/120‚000)0.5 | 403 | 90‚000 | (90‚000/400‚000)0.225 or 22.5%
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Autocratic leadership is a classical leadership style with the following characteristics: manager seeks to make as many decisions as possible‚ manager seeks to have the most authority and control in decision making‚ manager seeks to retain responsibility rather than utilise complete delegation ‚ consultation with other colleagues in minimal and decision making becomes a solitary process managers are less concerned with investing their own leadership development‚ and prefer to simply work on the task
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There are many different types of compact cars in the world but there will always be one car that stands out above the rest. With that said‚ picking between a 2016 Honda Civic and a 2016 Toyota Corolla‚ the 2016 Honda Civic is a better compact car. A compact car is a family car and is classified as larger than a subcompact car and smaller than a mid-size car. The 2016 Honda Civic and the 2016 Toyota Corolla are two examples of compacts cars. Out of these two cars the 2016 Honda Civic is the better
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Recently‚ there is a heated discussion over the difference between Chinese leaders and Western leaders. As for this topic‚ I will also talk something about it from two perspectives: religion and lifestyle. As we all know‚ religion is a part of the culture‚ which plays a vital role in people’s daily life. The majority of Westerners believe in Christianity. That is because Christian culture constitutes a Western cultural background. Thus it makes any part of Western culture are more or less with a
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Compare/Contrast of Invictus and Anthem The story of Invictus and anthem have many common themes but they are also very different in many ways. Even though these are completely different stories‚ it is almost like the characters from anthem and Invictus are the same. Invictus‚ which is the Latin word for “Unconquerable” which are what both of these characters are. Equality was given the name “The Unconquerable” by The Golden One explaining that he power and thinks for himself rather than for
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United States (US)‚ any changes in their regime will not just affect inside the nation but can affect the global economic since they are the two biggest economics in the world. This paper will briefly describe the differences in political regime between China and US; and argue on which country should be choose to have business with; with electronic manufacturing industry as specific. Early 1950s‚ the Communist Party of China (CPC) had defeated the Kuomintang Party (KPT); after that‚ they appointed
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source same End result ! ends with financial statements ! integral part of other business aspects B. Cost Accounting Terminology 1. Nature of Cost Cost - A sacrifice of resources: Cost is a measurement in monetary terms of the amount of resources used for some purpose. Expense - The cost charged against revenue in a particular accounting period. 2. Purposes of Gathering Cost Information Routine decision making:
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