MANAGERIAL ECONOMICS Assignment A: (any 3) Distinguish between the following: a) Industry demand and Firm (Company) demand‚ b) Short-run demand and Long run demand‚ and c) Durable goods’ demand and Non-durable goods demand. 2 . What are the problems faced in determining the demand for a durable good? Illustrate with example of demand for households refrigerator or television set. 3 . Analyze the method by which a firm can allocate the given advertising budget between
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Chapter 2: Neurons and Glia 1. Introduction * Although there are many neurons in the human brain (about 100 billion)‚ glia outnumbers neurons by tenfold. 1:10 ratio. * Neurons are the most important cells for the unique functions of the brain. * Neurons sense changes in the environment‚ communicate these changes to other neurons‚ and command the body’s responses to these situations. * Glia‚ or glial cells‚ are thought to contribute to brain function mainly by insulating‚
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PROBLEM DEFINITION General Subject: Business Specific Topic: Computer Rental and Profit Monitoring System with Removable Disk Detector Main Problem: Poor billing/logging Specific Problem: Manual billing and logging has problems such as: * Difficuly to manage their business in doing a manual billing and logging in the log book * Wrong computations of profit * Inaccurate records of data Cause of the problem: * employee * Environment * Security * Resources Effects
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Profits With no Cash University Dr. Sep 10‚ 2014 Profits With no Cash It is regularly a common thing in business to make profits without having any cash due to several aspects of business. This is happening by the non-cash flow adjustments that are recorded as transactions while no cash flows are involved. It is possible to make business transactions without cash involvement. In credit transactions‚ cash is not usually transacted but the transactions are usually recorded therefore if
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“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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CHAPTER ONE PRINCIPLES OF PERSONNEL MANAGEMENT HUMAN RESOURCE DEPARTMENT AND ITS BASIC FUNCTIONS For any organization‚ staff or men power is the most valuable asset.. In the modern age where computers and information technology have brought revolutionary changes in the progress and performance‚ human resource factor’s importance has become imperative. Many years ago large organizations had no separate department for staff matters and Personnel & Admin Department was doing the job. But recently
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points | | | Federal funds must be used only for activities that are within the scope of the grant would be a(n)Answer | | | | | Selected Answer: | allowable activity | Correct Answer: | allowable activity | | | | | Question 2 0 out of 4 points | | | In reporting the results of a performance audit‚ it is appropriate for the auditors toAnswer | | | | | | | Correct Answer: | all of the above. | | | | | Question 3 4 out of 4 points | | |
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CHAPTER 2 CONCEPTUAL FRAMEWORK UNDERLYING FINANCIAL ACCOUNTING IFRS questions are available at the end of this chapter. TRUe-FALSe—Conceptual Answer No. Description F 1. Nature of conceptual framework. T 2. Conceptual framework definition. F 3. Levels of conceptual framework. T 4 International conceptual framework. F 5. Statements of Financial Accounting Concepts. T 6. Decision usefulness.Objective of financial reporting. F 7. Financial statement users. T 8. Relevance and
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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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Profit Maximization Marginal revenue is the change in revenue which comes from the sale of an additional unit of output. The relationship with total revenue is that total revenue is used in the formula to calculate marginal revenue. A company can calculate marginal revenue by dividing the change in total revenue with the change in output quantity. Because of demand‚ as production quantity increases the revenue per unit will decrease. On the other hand‚ marginal cost is the change in the total
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