COMMERCE SHORT ANSWER QUESTION: CHAPTER#1 1. Using examples‚ distinguish between the primary and secondary industry. Ans: Primary industry is extracting from nature. It is concerned wit h obtaining or extracting natural resources such as farming‚ mineral‚ fuel or food. These natural resources usually need some processing or manufacturing to convert them into a useable form. Secondary industry changes the raw material into finished goods. Natural resources are taken from primary producer
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Gas prices 538852 Fletchers Meadow S.S Fluctuating Gas price Gasoline has become an essential part of life‚ something in which many of us have become dependent on. The price of gas is closely watched by the millions of consumers‚ and with the fluctuating prices it has many of us feeling drained‚ and always asking a common question; why do gas prices rise and fall? There are several factors that cause gas prices to fluctuate. One factor being the price of crude oil itself. Crude oil is used
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ECONOMICS the branch of knowledge concerned with the production‚ consumption‚ and transfer of wealth. the social science that studies economic activity to gain an understanding of the processes that govern the production‚ distribution and consumption of goods and services in an exchange economy. SCARCITY: THE NEED TO CHOOSE Scarcity is the fundamental economic problem of having seemingly unlimited human wants in a world of limited resources. It states that society has insufficient productive
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The Surf Golf and Beach Club Special Events Information 2011- 2012 11/11/11Revision Date The Surf Golf and Beach Club is a private ‚ members-only country club located in the Cherry Grove section of beautiful North Myrtle Beach‚ South Carolina. Established in 1959‚ we are one of the most historic and celebrated special event facilities on The Grand Strand. We warmly welcome non-members to host special events in our Clubhouse. These events include‚ but are not limited to Weddings‚ Receptions
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FINAL EXAMINATION PROGRAMME: MASTER OF BUSINESS ADMINISTRATION (MBA): GENERAL AND TOURISM- YEAR ONE MODULE: ECONOMICS DATE: 21 NOVEMBER 2011 DURATION: 3 Hours EXAMINER: Mr I Govender INTAKE: JANUARY 2011 TIME: 09h00 – 12h00 TOTAL MARKS: 100 MODERATOR: Dr D Mukuvisi INSTRUCTIONS TO THE CANDIDATE: 1. Questions must be attempted in the answer book provided. 2. All queries should be directed to the invigilator; do not communicate or attempt to communicate with any other candidate. 3. You have THREE
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ECONOMICS CHAPTER 1- INTRODUCTION TO ECONOMICS ● Assumed 3 decision makers- consumers (households) – that sell land‚ labour‚ capital & entrepreneurship and firms- that pay rent‚ wages‚ interest and profits (rewards for above factors of production ) firms then use the factors to produce G/S in return for payment from consumer. Govt imposes taxes on individuals and (income tax) and firms (corporate tax) to provide infrastructure and other services to community ● Econon’s 2 basic assumptions
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rationale for allowing two integrated resorts to be built in Singapore. Why was there this change in policy? Question 2: Explain the economic impacts of the integrated resorts. Expected Economic Benefits from Integrated Resorts When the idea of building Integrated Resorts in Singapore was first introduced to the citizens‚ the government measured the expected economic benefits and social problems the Integrated Resorts would bring about. After much consideration‚ the government proceeded to build
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great service we each use on a daily basis in one way or another. During the reading of this paper‚ one will find that the following has been researched and discussed: the explanation of the four functions of management‚ also how the following factors affect the four functions of management: Globalization‚ Technology‚ Innovation‚ Diversity‚ and Ethics. As we look at these factors‚ we will learn how the Postal Service gets the mail from point A to point B and keep happy employees for years. When
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document includes BUS 681 Week 2 Performance Management Issues Business - General Business Performance Management Issues. You have been asked to return to your alma mater and speak to current students about performance management issues. To make the most of this experience for yourself and the students‚ write a 3-5 page paper that details the following: the concept of “performance management”; the most prominent types of performance management plans; its impact on the employee and the organization;
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Timings :1 hour TEST Max.Marks 58 Choose the most appropriate answer from the given options in respect of the following : 1)”Economics is the study of mankind in the ordinary business of life” was given by : a) Adam Smith b)Lord Robbins c)Alfred Marshall d)Samuelson 2)A capitalist economy uses as the principal means of allocating resources a)Demand b)Supply c)Efficiency d)Price 3)The commodity whose demand is associated
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