Week 2 (7) Trade and Comparative Advantage Chapter 3 Problem set Exercise 2.1 Assume there are just two countries in the world‚ i.e. the European Union (EU) and the Rest of the World (RW). Both countries produce and consume 2 products: bicycles (b) and apples (a). Per bike‚ the EU puts in 3 hours of labour while the RW puts in 5. Per ton of apples‚ the EU needs 2 hours v. the RW 1 hour of labour. A further given is that the EU has 2400 hours of labour available v. RW 1600. The world
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play an important role to an organizations funding. Economic factors also include competitors. For example‚ other organizations that may be providing the same services to clients and consumers would be competitors. Sociological factors focuses on community demographics and the people with whom the organization serves. Sociological factors such as demographic factors help an organization achieve optimal function because demographics allow the organization to meet the diverse needs of the people they
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International Legal and Ethical Issues LAW/421 October 15‚ 2013 Walter Chapman International Legal and Ethical Issues International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions? “Whenever a U.S. firm enters into a contract situated in a different country‚ it should make sure the agreement is officially enforceable” (Melvin‚ 2011). Exactly the same would pertain to a global company‚ and they must be completely
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Public Relations Campaign MKT/438 Kudler Fine Foods began from the vision of Entrepreneur‚ Kathy Kudler. The company is illustrious for its specialty foods with locations in Del Mar‚ Encinitas‚ and La Jolla‚ centered in urban San Diego (University of Phoenix‚ 2011). The organization’s recent aim is to further diversity in consumer options and its impeccable staff. Kudler Fine Foods will employ diversity to fortify its customer base and construct a workforce that mirrors the assortment of its
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AU section 316 concentrates on the possibility of discovering fraud when auditing financial statements. The standard found in this Section details the responsibilities that auditors must fulfill in an audit pertaining to fraud. AU section 316 helps auditors understand the processes that need to be fulfilled as well as their responsibilities when performing an audit. In order to obtain reasonable assurance that the audit was conducted in compliance with AU Section 316‚ auditors must meet their obligation
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Definitions for Vulnerabilities) a. Fire destroys primary data center b. User downloads an unknown e-mail attachment c. Hacker penetrates your IT infrastructure and gains access to your internal network d. Workstation OS has known software vulnerability 2.) For the above identified threats and vulnerabilities‚ which of the following COBIT P09 Risk Management control objectives are affected? PO9.1 IT Risk Management Framework PO9.2 Establishment of Risk Context Workstation OS has known software vulnerability
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Chapter 3‚ Problems/Exercises‚ Questions 2 and 4. 2. What are some sources of risk in a systems analysis and design project‚ and how does a project manager cope with risk during the stages of project management? A project manager should do a risk assessment for any project before starting. During this stage the project manager should identify uncertainties‚ analyze risks‚ and prioritize risks. Every project will have some form of risk‚ it could be the weather‚ lead person changing jobs‚ a new
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Questions for Review – Week #2 1) What kinds of establishments may employ full-time students at 85 percent of the minimum wage? Retail and Service establishments and farms may employ full-time students at 85% of the minimum wage. 2) What are the types of exempt white –collar employees? Executives‚ administrators‚ professional employees‚ highly compensated employees‚ computer professionals‚ and outside salespersons can be exempt if they satisfy certain tests. 3) Under what conditions
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E17.15 Spear Custom Furniture uses an activity-based cost accounting system to apply overhead to production. The company maintains four overhead cost pools. The four cost pools‚ and their budgeted amounts for the upcoming period‚ are as follows: Maintenance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $40‚000 Materials handling . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20‚000 Set-ups
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2.1 It is important to take a balanced approach to risk management because its children’s natural inclination to take risks when they play‚ those responsible for children have to take a balanced‚ thoughtful approach to managing risk. This is particularly important for play because children today tend to have less freedom than in the past‚ and hence may have fewer opportunities for risk-taking as a normal part of their everyday lives‚ however as early years providers we must ensure that we take all
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