Disadvantages of Monopoly: • Higher prices and lower output Monopolies often mean that prices will be higher and output lower than is the case for an industry where competition prevails. Firms in one industry are producing under conditions of perfect competition‚ while the other firm is operating under conditions of monopoly. The costs of production are the same for each industry. • Excess profits High profits made by the monopolist are not necessarily an indication of efficient methods
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Ball and Bats‚ Inc.: Double Line method and the Straight Line Method On January 1‚ 2005 the company Balls and Bats‚ Inc. made a purchase of equipment. The cost of the equipment was one hundred thousand dollars and had life expectancy of four years. The following schedules are the double-declining balance method and the straight line method of depreciation. This schedule will assist Balls and Bats‚ Inc determine the best method to depreciate there new acquisition. Further‚ the schedules will determine
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6 main disadvantages of decentralisation (1) The success of decentralization will depend upon the quality of personnel manning the decentralized units. In those cases where the training‚ experience‚ education etc of the employees are inadequate‚ decentralisation of authority and of decision making would be harmful for the enterprise. There will be wrong decisions‚ confusion‚ contradictions etc. (2) Decentralisation becomes uneconomic and unwieldy unless the organisation is large and strong enough
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this question‚ let me begin by defining globalisation. ‘In its literal sense‚ it is the process of transformation of local or regional phenomena into global ones. It can be described as a process by which the people of the world are unified into a single society and function together. This process is a combination of economic‚ technological‚ sociocultural and political forces.’ (Sheila L. Croucher.2004) Globalisation is the trend in the last 30 years and it is know as inevitable because it changes
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Describing Line: The Study of Canaletto’s Use of Line The purpose of this journal entry is to discuss the way Canaletto uses line in his work The Maundy Thursday Festival before the Ducal Palace in Venice. Also‚ it will compare the accuracy his work to that of a modern photograph of the same location. How do they differ? Line is used in nearly every aspect of art‚ whether it is an actual mark on the page or simply implied. Canaletto uses line to show the audience the boundaries in his art. He
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DEPARTMENT OF BUSINESS ADMINISTRATION.PAPER PRESENTATION ON BUS 323 TOPIC: LINE BALANCING AND AUTOMATION. PRESENTED TO MRS. RONKE.There is a need for every firm or industry to balance their production line or assembly line so that there is an even flow of production units form one work station to the next. In order to reduce cost of production it is necessary to avoid idleness of machines and with it‚ the labour‚ well-balanced lines improve labour work. The introduction of automation in industries or
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Single-sex schools should be promoted in Malaysia‚ do you agree or disagree? Whether high school or college‚ single-gender schools are generally considered the cream of the crop. Parents believe that if they take their children to all-boys or all-girls schools they will receive a better education that is more targeted toward their child’s gender‚ without the distractions of the opposite sex. There are others on the other hand who believe that students in these types of schools do not necessarily
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2.4 The advantages of budgets 6 2.5 The disadvantages of budgets 7 2.6 Conclusion 8 Chapter 3 The relevance of budgets within Management and Control 10 3.1 Management control system 10 Management 10 Control 10 System 11 3.2 Budgeting within the Management control system 11 Chapter 4 Beyond Budgeting 13 4.1 The Beyond Budgeting concept 13 4.2 Advantages of Beyond Budgeting 14 4.3 Disadvantages of Beyond Budgeting 15 4.4 Differences between
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On Single-Sex Schools The advantages and disadvantages of single-sex schools are still debated in the field of education. As the name implies‚ single-sex schools or single-sex education separate male and female students so that they learn in either all male or all female classrooms and environments. This was a common practice in the past but fell out of favor with charges of unequal access to quality education and opportunities for female students. The advantages and disadvantages of single-sex
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Tony Lowery February 26‚ 13 1St Block Shakespearian Theatre (Globe) The Shakespearian globe was built in 1599 In Southwark on the South bank of London’s River Thames by Richard Burbage. The globe was built large‚ round and open aired. There was a roof around the circumference which covered the seating area‚ leaving the theatre looking like a doughnut from above. Old wood from “The Theatre “created by Richard Burbage was re-used to make the globe. The globe held up to 3‚000 spectators and sold
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