Ronald Coase noted‚“The cost of doing anything consists of the receipts that could have been obtained if that particular decision had not been taken.” For example‚ the opportunity set for this Friday night includes the movies‚ a concert‚ staying home and studying‚ staying home and watching television‚ inviting friends over‚ and so forth. The opportunity cost of taking job A included the forgone salary of $102‚000 plus the $5‚000 of intangibles from job B. Opportunity cost is the sacrifice of
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TITLE- AUTOMATION IN CONSTRUCTION INDUSTRY REPORT ON: (a) List the Major Equipments Used In Construction Work 1) Conventional 2) Semi Automatic 3) Fully Automatic OR Robotics (b) Identify the automation at different stages of construction. WHAT DOES AUTOMATION MEAN? ► The term automation refers to the phenomenon where a job is performed without the help of any human interference. ► Automation means performing a particular task with the help of machines
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(4) Building construction is a complex‚ significant‚ and rewarding process. It begins with an idea and culminates in a structure that may serve its occupants for several decades‚ even centuries. Like the manufacturing of products‚ building construction requires an ordered and planned assembly of materials. It is‚ however‚ far more complicated than product manufacturing. Buildings are assembled outdoors on all types of sites and are subject to all kinds of weather. Additionally‚ even a modest-sized
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UNIVERSITY OF SOUTH AUSTRALIA UNISA BUSINESS SCHOOL SCHOOL OF COMMERCE at er ia ls fo rU N IS A ACCT 2005 (Study Period 2‚ 2014) Study guide FA 2 20 14 M FINANCIAL ACCOUNTING 2 Course coordinator Sue McGowan A IS N rU fo at er ia ls M 14 20 2 FA © University of South Australia 2014 IS A CONTENTS N HOW TO USE THIS STUDY GUIDE rU INTRODUCTION INTRODUCTION AND OVERVIEW OF REPORTING ENVIRONMENT TOPIC 2:
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Engineering Management 02/24/2014 Engineering Management Engineering management is a typical way to learn the skills that an engineering manager needs to learn to become a better team manager and leader. The engineering management discipline always combines technical knowledge with management skills to solve problems in many different engineering fields like production‚ product design‚ product development‚ and manufacturing. It means an engineering manager needs
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Motivational interviewing helps to facilitate the change process as it is more persuasive and supportive. Motivational interviewing helps to build self-confidence within the client‚ moving towards reaching a conclusion. Some of the techniques used in the Motivational interviewing strategy are; • Express empathy through reflective listening • Develop discrepancy between clients’ goals or values and their current behaviour • Avoid argument and direct confrontation • Adjust to client resistance rather
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Geometric constructions involve drawing geometric shapes that satisfy certain requirements (onlinemathlearning.com). The main focus in construction is on equidistance and co-linearity. This is done through the use of certain tools namely the compass and the straight edge. It is used to construct angles‚ planes figures and segments. This mathematical skill is applicable in many fields such as architecture‚ engineering and construction just to name a few. Base on the fact that geometric construction
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Engineering Ethics: Do engineers owe duties to the public? John Uff CBE QC FREng Nash Professor of Engineering Law‚ Kings College‚ London Engineering Ethics: Do engineers owe duties to the public? John Uff CBE QC FREng Nash Professor of Engineering Law‚ Kings College‚ London Contents Introduction Codes of Conduct and the Institutions Legislation governing safety and environment Duties arising in contract Limits on enforceability Duties arising in tort Ethical duties recognised by the law
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STATUTORY CONSTRUCTION PRELIMINARY CONSIDERATIONS 1. Statutory Construction - is the art or process of discovering and expounding meaning and intention of the authors of the law‚ where that intention is rendered doubtful by reason of the ambiguity in its language or of the fact that the given case is not explicitly provided for in the law - is the drawing of warranted conclusions respecting subjects that lie beyond the direct expression of the text‚ conclusions which are in the spirit‚ though not
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Value Engineering History‚ Evolution‚ and Today’s Principles Chad C. Dobbins January 3‚ 2012 Table of Contents Page Abstract ………….………………………………………………………………………………………………….. 3 Introduction ………………………………………………………………………………………………………. 4 Value Engineering Principles ………………………………………………………………….. 7 FAST Diagram Models …………………………………………………………………………………. 12 Conclusion …………………………………………………………………………………………………………… 17 References …………………………………………………………………………………………………………
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