In the case Palsgraf v. The Long Island Railroad‚ 248 N.Y. 339‚ 162 N.E. 99‚ 1928 N.Y.Lexis 1269 (N.Y.)‚ Justice Cardoza denied recovery for the plaintiff. Justice Cardoza found that the railroad was not the proximate cause of Helen Palsgraf’s injuries. The concept of proximate cause is one that is less than precise. In today’s world of business can we still be sure that the reasoning used by Cardoza still applies? Has a new standard developed? In reviewing the materials in the text you should be
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Unequal Opportunities In today’s day and age‚ bigotry should not be an issue but unfortunately it is‚ especially when it comes to education. When you sit in a class room‚ do you ever wonder if all the students of different races including yourself had the same equal educational opportunities? When you’re in elementary school‚ you do not realize the different opportunities every student has‚ is based off the color of their skin. As you get older‚ you start seeing the different opportunities every
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$117.99 per barrel. (Source US Energy Information Administration) Economics is the study of using resources in a productive manner and to allocate them in the best possible way. Economics is concerned with the production and consumption of goods and the transfer of money to create and get those goods. Economics tells us how people in the markets communicate in order to achieve what they desire and fulfill their goals. Economics deals with studying the wants and desires of people resulting in creating
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INNOVATION Innovation presents a dilemma for managers. On the one hand‚ innovation is proffered as an elixir for growth‚ profitability‚ and competitive advantage. On the other hand‚ there are no guarantees that innovators will be rewarded for their efforts. The challenge is not just creating value from innovation‚ but capturing that value as well. Therefore‚ the profitability of an innovation to the innovator depends on the value created by the innovation and the share of that value that the innovator
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The topical sections are as follows: Existing mission‚ objectives‚ and strategies Suggested vision and mission statements EFE Matrix (external factors evaluation) IFE Matrix (internal factors evaluation) TOWS Matrix (threats-opportunities-weaknesses-opportunities) Existing Mission‚ Objectives‚ and Strategies The existing mission of Amazon.com is to provide in an online venue the information necessary to allow people locate and purchase anything they may want (assuming that what people want
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UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS General Certificate of Education Advanced Level 9708/42 ECONOMICS Paper 4 Data Response and Essays (Supplement) October/November 2011 2 hours 15 minutes Additional Materials: Answer Booklet/Paper * 2 1 8 2 6 0 2 5 0 5 * READ THESE INSTRUCTIONS FIRST If you have been given an Answer Booklet‚ follow the instructions on the front cover of the Booklet. Write your Centre number‚ candidate number and name on all the work you
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In economics‚ there are many fallacies that exist. In relation to economics‚ a fallacy is a policy or theory that can be misleading if based on faulty reasoning yet is still accepted by many as fact. Economists attempt to use information based on statistics and facts in order to hypothesize relevant theories. Due to the fact that economists and others that are involved in making decisions on economic policies are human‚ human error can occur. As a result‚ policies put in place that seemed logical
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1. Explain economics? Economics is the study of how society allocates scarce resources and goods. Resources are the inputs that society uses to produce output‚ called goods. Resources include inputs such as labor‚ capital‚ and land. Goods include products such as food‚ clothing‚ and housing as well as services such as those provided by barbers‚ doctors‚ and police officers. These resources and goods maybe be considered scarce because of society’s tendency to demand more resources and goods than
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Opportunities. Lifestyle. Location. These are all important factors for me to consider as I think about where I want to live after I graduate college. Although Chicago and Hawaii both have advantages‚ I should move to Arizona instead. Due to its beauty and bright lights‚ people are drawn to Chicago for many reasons. Chicago‚ also known as the “city that never sleeps” is home to many shops‚ restaurants‚ clubs and bars (The Guide to Moving). Chicago is so diverse that it offers many different types
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Q-4) what does “equilibrium price and quantity sold” mean? Are markets always in equilibrium? What happens when they are not? On the supply and demand graph‚ there is one point at which the supply and demand curves intersect. This point is called the market’s equilibrium. The price at this intersection is called the equilibrium price‚ and the quantity is called the equilibrium quantity. The equilibrium is a situation in which various forces are in balance‚ so in market’s equilibrium‚ the equilibrium
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