ECS1260-65 ECONOMICS (FOR BUSINESS AND) MANAGEMENT 2012-13 Seminar Exercises 16 (to take place in Week 20 starting 11th March 2013) 1) Please say whether the following statements are true or false: a. The main functions of money are the medium of exchange‚ store of value and unit of account. b. The monetary base is cash in circulation plus bank deposits. c. Money supply is monetary base plus bank deposits. d. When the Central Bank acts as a lender of last resort‚ it is
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GUST Gulf university of since and technology Professor Yunus Kathawala Operations MGMT 571 Final Exam Question 1: Chapter 8 Explain any 3 major elements of “lean management” that were discussed in class. Contrast the 3 of them to the so called traditional approach. Which one of them that best applicable to a firm in Kuwait? Please explain: Answer: Lean management is an operation system that maximizes the value added each of the company activities by removing waste and delays‚ there are 3
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1. Choosing Prices to maximize Revenue/Profit: EXAMPLE/ The Village of Oakland Township made an offer to both the Detroit Pistons and the Detroit Lions to relocate. While both teams charged "monopoly prices" for the average ticket to a game at their original suburban locations‚ the Lions did relocate‚ and cut average ticket prices to the Cournot competitive levels. The Pistons’ demand function is given by: QP = 200 - 6PP + 2PL‚ while that of the Lions is given by: QL = 150 + 2PP - 5PL‚ where
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Question 1: (1) Ten multiple choice questions. When a firm’s investment decisions have different consequences for the value of equity and the value of debt‚ managers may take actions A) that benefit shareholders at the expense of debt holders. B) to decrease costs of distress. C) to reduce fixed costs. D) to increase debt values. (2) Which of the following is NOT an advantage of private debt over public debt? A) B) C) D) It does not dilute the ownership of the firm. It has to have interest
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Today our resolution is legalization of drugs does not damage society. We are on the negative group strongly against this resolution. Let’s look at the important points. The affirmative team had four points: personal behavior‚ price‚ safety and management. Their first point is personal behavior. They said that everyone has the right to choose his or her own lifestyle. It’s true. But one’s own choice should be based on social morality and within limits. If anyone just goes straight to do what they
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Final Exam Case Study: Company Q’s Troubled Waters By: Robert F. J. Gleadall‚ R.E.T. Project Management‚ BTE-3420 Instructor: Rhonda Betker‚ MBA‚ PMP January 25‚ 2014 Northern Alberta Institute of Technology (NAIT) Final Exam Case Study: Company Q’s Troubled Waters Introduction In 2008‚ all of the Fortune 500 companies are having a great year because of the strong economy. One of the companies benefiting from this
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004:121 Organic I Fall 2010 Final Exam Please read each question carefully before answering. Answer the questions in ink in the spaces provided inside. If you make changes as you go‚ please make sure your final answer is clearly indicated. Scratch papers are available at the end. Total points = 150. You have 120 min. Good Luck! ____________________________________________________________ ___________ Grading: Q.# 1. 2. 3. 4. 5. 6. 7. Score (Max) __________ (60 pts) __________ (18
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the inspector begins to ask questions‚ her pretence is found out. Whilst she pretends that she has a certain propriety in the beginning‚ once the truth comes out‚ she is reduced to nothing. Furthermore‚ Priestley uses other characters to point out Mrs Birling’s pretences. Most notably‚ Sheila warns her mother not to build up a kind of ‘wall’ between herself and the inspector’s questions. It is clear that she is alarmed by Mrs Birling’s tendency to falsify to her answers to the inspector‚ so she uses
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Task Learning Outcomes Pass & Assessment criteria Indicative Guidelines Task 1 LO1 Understand different food and beverage production and service systems P1: discuss the size and scope of the conference and banqueting industry in the UK. (AC 1.1) P2: analyse factors that have influenced its development. (AC 1.2) P1. You need carry out research about the size and worth of the conference and banqueting sector of the hospitality industry. These include the diversity of venues and types of
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Chapter 1: The Power of Markets What are the two basic assumptions that economists make about individuals and firms? Economists have two basic assumptions which keeps the economy in check. One is that people try to make themselves as versatile as possible maximizing their overall potential. The other is that a firm would do what it needs to make the most profit possible. What is the role and significance of prices in the market economy? Prices in a market economy are very important. Price allows
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