Andrew Halliwell AS 91101 A World Without Money? Would the world be a better place if there was no money? You didn’t have to go to work every day. There would be no more worries about how you are going to pay for the mortgage‚ about paying for your insurance‚ that you might be robbed for your money on the next corner. We can learn to distribute our goods and services according to need rather than by the ability to pay. Wealth will no longer be a status symbol. A man will be judged by what he
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marks) The law firm of Smith‚ Jones‚ and Greene provides accounting service for some of its clients. The person who handles this service and her secretary cost the law firm an average of $80‚000 per year in salary and benefits. Furthermore‚ the law firm incurs an additional charge of $50 per client for computer time‚ postage‚ and supplies. Clients are charged $300 a year for these accounting services. a) Determine the cost‚ revenue‚ and profit functions for the law firm in terms of the number
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the model was that there were no economic profits in the long run. In a monopoly‚ the firm typically earns a positive economic profit. Why is there this difference? The lack of barriers to entry will allow competitors to enter the market unil economic profit is zero. These firms are price takers‚ and they cannot affect prices because their demand curve is horizontal. (4 marks) 2. Assume that a single firm in a pure competitive industry has a fixed cost of $6500 and variable costs as indicated
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might be low (Mike‚ 2013‚ 19:10). The income elasticity is very important to firms in that it helps them to determine the kind of goods to produce at a particular time following the rooming income. Consequently‚ prices of goods will too‚ be determined in proportion to demand of such goods which is equally determined by the levels of income. It also allows firms to know the kind of employees to keep in employment as some firms look at rates of income of employees‚ for instance‚ long serving employees
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cannot live a day without. Some people can’t live a day without coffee‚ some without any sleep‚ while some without friends. Just think about the possible destructive outcome that might occur when people get deprived of those or of anything that the humankind would not entirely be without. Try to imagine a world without a specific medium of exchange‚ a main determinant of an economy‚ an equivalent for goods and services – money. How will the economy‚ neigh‚ the world exactly be without the existence of
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Communication: At the basis of teamwork; Bad communication can lead to a bad output in terms of business: Convey the right information; Listening; Reciprocal learning; One-to-one communication with customers or future stakeholders (investors‚ other companies‚ government‚ employees‚ cutomers‚ etc..) Understand body communication Communication is a “make or break” career competency! It is not only what you say but how you say it! Human Needs: MASLOW PYRAMID When we deal with people
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|[Marketing plan] | |ENTRESOL CONSULTANCY FIRM‚ LLP | Marketing Plan Entresol consultancy firm provides a whole range of business services to all sort of business at a single platform depending on their particular business needs. Initially we will be operating
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Brantley FMM 301: Fashion Creativity & Ideas 9/14/11 A World without Textiles Textiles are one of the most important needs of mankind. It is bought and sold many times over‚ and has been used almost as long as mankind has been on Earth. Without it we are exposed – showing ourselves physically‚ and showing our psyches. Textile means a material consisting of a network of natural or artificial fibers often referred to as thread or yarn. Without these resources today we would not be
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PROCESS ANALYSIS OF COMPUTER FIRM Process analysis is a system which is about a logical series of related transactions that converts input to results or output. The process we are considering is a business process‚ which can be defined as a chain of logical connected‚ repetitive activities that utilizes the organization’s resources to refine an object for the purpose of achieving specified and measurable results or products for internal or external customers. Process analysis offers improvement
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CEO’s compensation and firms’ performance. Before the enactment of the Sarbanes-Oxley legislation (SOX thereafter)‚ which regulates the unethical wrongdoings‚ CEOs enjoyed unreasonable high remuneration despite of their mediocre performance. The overall focus of this report is to identify the relationship between CEO’s compensation and performance of the company‚ and figure out whether the Sarbanes-Oxley legislation has an impact on it. Using a sample of CEO compensation and firm performance in the
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