12-Sep-13 Objectives of firms 1. Profit Maximisation In neo-classical economics it is assumed that the interest of owners or shareholders are the most important. Just as consumers attempt to maximise utility‚ shareholders main motivation is to maximise their gain firm the company. Therefore‚ one of the main objectives of firms is to maximise profit. Profit is the reward for the risk-bearing function of the entrepreneur. The firm is in equilibrium‚ and is maximising profit‚ when it
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Economics – Features of Partnership Firms There are different forms of business organizations and a partnership firm is one among such organizations. Partnership is the relationship between two or more persons who have agreed to share the profits of the business carried on by all or any one or more of them acting for all. The following are the characteristics or features of any partnership firm: 1. Contract: It is formed on voluntary basis by means of an agreement agreed between two or more
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Ethics Of Movie "The Firm" The ethical climate of The Firm was mixed up and hostile at times. Certain characters had good morals and values. The law firm itself appeared at the beginning of the movie as a family oriented company and held values to which would follow this thinking. However‚ even before the lead character‚ Mitch McDeere‚ decided to take the job‚ certain questionable elements about the law firm are revealed that indicate that the firm’s ethics are out of line. A few of these elements
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Advantages and Disadvantages of the Village Life and City Life Sometime you may be think‚ the city life is better than village life. However there are so many advantages and disadvantages in city life and village life.Actually the city life is more comfortable. As well as there are more opportunities for people to progress in their lives. There are a lot of facilities for people in the city and they have more opportunities for making money. Children living in the city can get a good education‚ because
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Chemical Engineering Science 54 (1999) 3967}3976 Uncatalysed oxidation of cyclohexene S.M. Mahajani‚ M.M. Sharma‚ T. Sridhar* Department of Chemical Engineering‚ Monash University‚ Clayton‚ Victoria 3168‚ Australia Received 13 October 1998; received in revised form 22 December 1998; accepted 23 December 1998 Abstract The oxidation products of cyclohexene "nd several applications as intermediates for the manufacture of useful chemicals like cyclohexanol‚ cyclohexenol/cyclohexenone‚ cyclohexadiene
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Changing the face of education: 5 trends in technology Changing the face of education: 5 trends in technology Blackboards are out; Smart Boards are in. For those who haven’t set foot in a classroom in a few years‚ schools may seem a bit like a foreign land. Educational technology has radically transformed how students learn today‚ and it isn’t just those enrolled in online schools who are noticing the difference. Whether a child attends a traditional classroom‚ a blended program or a college
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RESEARCH PROPOSAL LCDR BVBCH SHANTHA 1. Importance and prospects of Lights House in the North and Eastern area of Sri Lanka. Sri Lanka being Island and located in the international main sea route‚ in good olden days established many light houses around it for safe ocean navigation. Those are in the South and Western area still functioning and guiding all the ships passing closer to the land. With new technology purpose of the light houses are not much important to the safe navigation. During
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House no. 48/D‚ Askari 7‚ Adyala Road‚ Rawalpindi‚ Pakistan. | Phone : 03455094374E-mail : hasanhashmi@live.com | HASSAN MAHMOOD HASHMI Curriculum Vitae Personal Statistics | Date of birth: August 30‚ 1988Nationality: Pakistani | Education | Primary Education * Institution: Army Public School Systems‚ Peshawar. Matriculation * Institution: POF Model High School‚ Wah Cantt. * Year of completion: 2004 * Subject combination: English‚ Urdu‚ Biology‚ Physics‚ Chemistry‚ Mathematics‚ Pakistan
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Seminar Sheet 7.1 Problem 1: A brass rod (E = 110GPa) is 1.5m long and 3cm in diameter. A force of 70kN is applied. What is the extension? Problem 2: Distinguish between the terms strength‚ toughness‚ ductility‚ and hardness as used to describe the mechanical properties of materials. What material property defines each of these characteristics? Problem 3: In the diagram above‚ identify the elastic and plastic regions‚ estimate the Modulus of Elasticity‚ the Ultimate Tensile Strength‚ the Yield Strength
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Sample Essay Exam #2 Assignment: Complete the sentence above with an appropriate phrase. Then write an essay supporting your completed statement. Time allowed: 45 minutes Response #1 Have you ever imagined how your life would be different if a key person were not in it‚ like a mother‚ father‚ spouse‚ or child? Some people are so integral to making us who we are that without them‚ our very identity would be changed. My grandmother is a key figure in my life who has left an indelible impression
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