“Father of Profitability.” He was the first to describe in detail the double-entry bookkeeping‚ a process that plays an integral role in the development of capitalism as it allows us to calculate profits (Fischer‚ 2000). According to Pacioli‚ the hallmark of a successful business is what he calls the profit motive. This is the notion that successful business men and women must acknowledge and be influenced by the spiritual aspects of their lives. Or more specifically‚ Pacioli maintained that business
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Forecast of AUD/USD: [pic] Table 1: Inflation rate for US and AU in 2012 to 2017 1 [pic] Table 2: GDP growth rate and unemployment rate for AU and US in 2008 to 2017 2 In short term‚ Australia is facing higher inflation rate (2.9%) than the United States (2.1%)‚ this can lead to the domestic market price increase but not much fluctuation for currency exchange rate. Moreover‚ Australia has higher GDP growth rate than United States (3.5% vs 2.4%) and lower unemployment rate than US‚ which
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study the interaction between youth engagement and positive development . Youth engagement is defined as "meaningful participation and sustained involvement of a young person in an activity‚ with a focus outside of themselves " . For the purposes of this article‚ a community refers to the geographical boundaries established by municipalities ‚ a neighborhood‚ or a school environment encompassed within larger geographical boundaries. Past research on youth engagement has been grounded in two theories:
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Final Reflection Civic Engagement are activities that promote the bridging of communities with socially conscious thought and action. I believe that members in the society can work together as a community to make a difference in the civic life through civic engagement. Meanwhile‚ the individuals can also develop skills‚ knowledge‚ values and even motivation to make the change. Growing up‚ I was never a very civically active member in my society. Since I was raised in an immigrant’s family
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school and you see that there’s not much requirements to get into these schools as long as you have money for tuition. Those are what you call for-profit schools. Now the question is are these schools actually good for you? Can they help you in the long run or just give you classes and you’re on your own after you get the degree. I feel that for-profit schools should not be federally regulated because these colleges provide opportunities for students ignored and rejected by traditional colleges‚ they
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and Ellins (2006)‚ patients want healthcare with a high level of quality. Through patient engagement‚ the quality can be accomplished‚ and the services will be actively securing appropriate‚ effective‚ safe‚ and responsive. Coulter and Ellins wrote an articles entitled "Effectiveness of strategies for informing‚ educating‚ and involving patients". In the article‚ the light was sheded on patient engagement in their own or their relatives’ healthcare and various ways to enhance engaging patients‚
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2) Explain why a profit maximizing firm produces the output that equates marginal revenues to marginal costs (MR=MC). In a perfectly competitive market‚ producers are price-takers and consumers are price-takers. There are many producers‚ none having a large market share and the industry produces a standardized product‚ also free entry and exit of the industry. They produce using the optimal output rule: produce where marginal revenue equals marginal cost as Smith (1904) demonstrated. Figure
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The "Sweet Spot" Of Indie Artist’s Social Media Engagement Pointless Buzzword or Important Tactic? Engagement with fans is something that pops up on almost every single “social media tips” article—whether it be directed at artists or brands. Engagement is turning into one of those words that comes up so often that we start to just skip over it while reading (see SEO). While the buzzword “engagement” is getting annoying‚ it is important and we can’t completely forget about it. In this article
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courses as I should’ve been prepared. At Forrest Junior College‚ I have learned and experienced many roles as a student attending there and with this suspension on my hands‚ makes me feel that I didn’t do all I was liable to do for my success. This letter is to provide the reasons why I failed to do what was needed resulting me to be put on academic suspension and allowing me to tell what can be expected from me‚ so this matter won’t happen again. First of all‚ the semester of Winter 2011‚ I was
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managers and whether they should join the joint venture or not. Profit maximisation Profit maximisation is the process by which a firm determines the price and output level that returns the greatest profit. There are several approaches to this problem. The total revenue - total cost method relies on the fact that profit equals revenue minus cost‚ and the marginal revenue - marginal cost method is based on the fact that total profit in a perfectly competitive market reaches its maximum point where
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