mathematical programming‚ game theory for strategic decisions‚[4] and othercomputational methods.[5] Managerial decision areas include: assessment of investible funds selecting business area choice of product determining optimum output determining price of product determining input-combination and technology sales promotion. Almost any business decision can be analyzed with managerial economics techniques‚ but it is most commonly applied to: Risk analysis - various models are used to quantify risk and
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solution wherein the sample salt was dissolved. The solution was heated to 90°C then titrated until a light pink colored solution was obtained. The experiment focused on determining the percentage of Sodium oxalate (Na2C2O4) in the sample and at the end of the experiment it was found to contain 49.45%. Experiment 9 focuses on determining the different concentrations of potassium permanganate solutions by finding its absorbance through the use of spectrophotometer. Four known concentrations were prepared;
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control process outlined in the text to address the problem of misreporting hours? Solution: A Control system has four control steps and they are; Setting performance standards‚ Measuring performance‚ Comparing performance against the standards and determining deviations‚ Taking action to correct problems and reinforce successes. Lei can apply all the four control process in the following ways: Setting performance standards: Lei can set the standard performance for achieving organizational goals
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During the Ripper murders‚ the divisional police surgeon‚ Dr. George Phillips used what is considered to be deductive reasoning in inferring the criminal characteristics of the Ripper by examining the physical evidence. Phillips would carefully inspect the wounds of a victim from a particular offender (The Ripper) to infer the criminal’s personality‚ behavior‚ and interactions between the victim and the offender. As such‚ the offender’s behavior and characteristics are revealed in the physical evidence
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In the planning stage‚ there are three steps. The first step is determining the objective. This is directly related to the question of interest or the purpose of conducting the sample. The second step is defining the characteristic of interest. This is a critical step in the sampling process of planning because it is the
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language was not English‚ the staff member was limited in determining the severity of the patient’s abdominal pain. The staff member did not have the tools to effectively communicate with the patient. The other root cause‚ in this example‚ is the Figure 2. Root-cause analysis of case
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Week 2: Exercises and Homework Problems 1. Of the adult U.S. population‚ 36% has an allergy. A sample of 1200 randomly selected adults resulted in 33.2% reporting an allergy. a. Describe the population. b. What is the sample? c. Describe the variable. d. Identify the statistic and give its value. e. Identify the parameter and give its value. 2. (HWK) A drug manufacturer is interested in the proportion of persons who
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FLORES‚ NASTASSJA NICOLE J. 2LM2 Compensation is a methodical approach to provide monetary value‚ financial return‚ tangible services and other benefits that the employees received as part of their employment relationship. There are 2 types of compensation that can be given to the employees; monetary and non-monetary. Monetary includes wages‚ salaries‚ bonuses‚ insurance plans‚ social assistance benefits and paid absences. Non-monetary involves meaningful and challenging works‚ recognition
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’Evaluate the most important factors in determining the relative emphasis placed by policy-makers‚ in S.A. on prevention as opposed to treatment of HIV. ’ One of the major problems affecting the South African country is the spread of HIV. The country is believed to have the most number of HIV victims than any other country. As seen on the diagram‚ South Africa has the highest adult HIV prevalence. (GRAPH) Only 10% of the children who need treatment are able to have the benefit of undergoing treatment;
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board‚ American economic policy with Europe and drought condition. By here‚ the terms ‘stock market’‚ ‘bank’‚ ‘economic policy’‚ more or less link to investment when it comes to determining the prosperous ages or recession era‚ even without people notices. Therefore‚ it is apparent that investment is critical in determining the level of prosperity‚ especially after the lesson learnt from Great
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