ECONOMIES OF SCALE AND ECONOMIES OF SCOPE Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms‚ which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies
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Question 1.1 “According to the definition of opportunity cost‚ the more alternatives that we have given up in undertaking an action‚ the higher the opportunity cost.” Please comment on this statement and explain your answers using examples. Ans Opportunity cost of an action refers to the value of the best alternative that must be given up in order to undertake that action. That is‚ the highest-valued option forgone. The statement in the question is uncertain and is determined by situation
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PART-I Monitoring and Evaluation ABOUT THE HANDBOOK Introduction This handbook deals with the basics of setting up and using a monitoring and evaluation system for a project or an organization. It clarifies what monitoring and evaluation are‚ how you plan to do them‚ how you design a system that helps you monitor and an evaluation process that brings it all together usefully. It looks at how you collect the information you need and then how you save yourself from drowning in data by analyzing
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Student debt is a huge concern amongst college students‚ especially those that attend Rutgers University. Rutgers University has one of the highest tuition rates in the country among other colleges. According to the 2015-2016 annual financial aid report‚ 23‚797 students took out $110‚732‚898 in Federal Need Based Loans. At this point‚ student debt continues to rise each year due to the rising cost of tuition and the fact that students can’t get a decent‚ high paying job. This problem
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Introduction As a matter of fact Microsoft Windows services‚ formerly known as NT services enable you to create long-running executable applications that run in its own Windows session‚ which then has the ability to start automatically when the computer boots and also can be manually paused‚ stopped or even restarted. This makes services ideal for use on a server or whenever you need long-running functionality that does not interfere with other users who are working on the same computer. You
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FACULTY OF APPLIED SCIENCES DEPARTMENT OF COMPUTER SCIENCE BACC IV ACADEMIC YEAR: 2012-2013 CHAPTER 1. TOPIC: DESIGN AND IMPLEMENTATION OF AN ONLINE COMPUTER LABS MONITORING SYSTEM CASE STUDY: NATIONAL UNIVERSITY OF RWANDA ICT CENTER/Helpdesk Unit
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The Advantages & Disadvantages of Workplace Monitoring The advancement of technology in the workplace has had many effects on how employees fulfill their duties -- and how employers manage their workforces. Workplace monitoring refers to any type of workplace surveillance or record keeping‚ especially as it applies to employees’ use of technology. From monitoring employee Internet usage to installing security cameras‚ monitoring is a reality in many workplaces despite its potential problems.
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Graduate Student Challenges Numerous challenges exist that a student faces during graduate studies. This paper will focus on three of these challenges that this writer is facing; time management‚ stress management‚ and financial responsibility. “You must know where you want to go and what you want to achieve before you start your journey into education.” (Harvey‚2001‚ para.2). The challenge of time management in a graduate program is vital to curricular success. Graduate programs
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Meaning‚ Nature and Scope of Social Research Meaning and Definition According to the Oxford Advanced Learners’ Dictionary of Current English‚ research is “a careful investigation or enquiry specially through search for new facts in any branch of knowledge”. Webster’s Encyclopedic Unabridged Dictionary of English Language defines research as “diligent and systematic enquiry or investigation in to a subject in order to discover or revise facts‚ theories‚ applications‚ etc.” Thus‚ in common parlance
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as an effective mentor and role model for nursing students within my clinical area. In order for me to show my capability in applying the theories to practice I am going to use the Gibb cycle of reflection as stated in beginning reflective practice (jasper 2003)‚ I feel that this will help me further understand and enhance my knowledge and theory behind the clinical practice I currently undertake and how to keep improving this with each new student nurse I come to work with in the future. The concept
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