training‚ they tend to examine the related work problem issues. Role-playing‚ where participants presume to have taken the roles they are supposed to undertake. Other includes‚ question cards‚ demonstrations‚ participant control among others. The demerit of this method is that it can take long due to the interactions. Training with the use of computers‚ (CBT); this is the most upcoming training method for the use of technology is widely increasing and easy to be implemented. It employs strategies
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CAPITALISM Capitalism is an economic system that is based on private ownership of means of production and the production of goods or services for profit. It could also be defied as a social and economic system where capital assets are mainly owned by private individuals‚ where labor is purchased for money wages‚ capital gains accrue to private owners‚ and the price mechanism is utilized to allocate capital goods between uses. Capitalism is characterized by private ownership
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failure can occur due to a variety of reasons‚ such as negative externalities (over-consumed) or demerit goods (usually not provided in a free market). Negative Externalities are defined as the external costs incurred by third parties. They are the negative spillover effects borne by the society and not producers or consumers. Demerit goods are an example of goods that lead to negative externalities. Demerit goods are goods that incur social costs and are over provided and over produced by firms and
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This rule would bring many benefits. At the end of the last school year we ruled that smoking on school grounds would not be tolerated. Any student caught smoking on school grounds would be given demerits and have the incident placed on their permanent record. After being caught (and given demerits) for smoking three times the student would be placed under disciplinary advisement‚ that would be provided by the school. This was known as our “Anti-Smoking” program. We hoped this would prevent students
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Two teachers of mine From the primary school to the university ‚we students are bound to meet varies kinds of teachers .And about the two teachers I am going to talk ‚I must say that although they both have long teaching experience ‚ educated many excellent students and like singing while they walk alone ‚they are totally different in so many ways . My junior high school head teacher was a middle-aged man teaching mathematics and he was also the director of my grade .He looked a little rough and
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Definition : Definition management “The conventional definition of management is getting work done through people‚ but real management is developing people through work.” Characteristic of conventional management : Examinees each resource sector and environment component in isolation Examines each resource sector and/or environmental component in isolation (e.g.‚ water‚ air‚ forests‚ fish) Focuses on biotic components; limited‚ if any‚ consideration of ecological processes (e.g.‚ hydrological
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Loans Islamic and Conventional forms of financing seeks to finance productive channels for returns. The difference is that in conventional loans‚ a fixed reward is obtain in exchange for the extension of the loan (interest) while Islamic loans are unable to do that as they cannot charge interest. Loans provided for the purchase or development of Real Estate under Islamic financial system requirement of firms and individuals are fulfilled through Murabaha‚ Musharaka and Mudaraba. Although these
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Economics 3.4A Achievement Standard Economics 91402: Demonstrate understanding of government interventions to correct market failures Rosie Jewitt 1. What is market failure? 2. What is the issue to be addressed? Why is this market failure? 3. What are the options of how to address the issue? And what is the good and bad 4. Which is the best option? 1. Introduction - What is market failure Government intervention occurs when markets are not working optimally i.e. there is a Pareto sub-optimal
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ECONOMICS HIGHER 1 (Syllabus 8819) CONTENTS Page AIMS 1 ASSESSMENT OBJECTIVES 1 SYLLABUS CONTENT 2 ASSESSMENT FORMAT 7 NOTES OF GUIDANCE 8 RECOMMENDED READING 20 8819 H1 ECONOMICS (2014) ECONOMICS HIGHER 1 (Syllabus 8819) FIRST YEAR OF EXAMINATION 2009 AIMS The syllabus is intended to provide the basis for a broad understanding of economics. Specifically‚ the syllabus aims to develop in candidates: 1. an understanding of fundamental economic
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Job Evaluation Methods There are three basic methods of job evaluation: (1) ranking‚ (2) classification‚ (3) factor comparison. While many variations of these methods exist in practice‚ the three basic approaches are described here. Ranking Method Perhaps the simplest method of job evaluation is the ranking method. According to this method‚ jobs are arranged from highest to lowest‚ in order of their value or merit to the organization. Jobs also can be arranged according to the relative difficulty
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