losing your car to an accident‚ you will have to quickly learn to survive without one. At first‚ it may seem impossible‚ you ask yourself questions like “How am I going to get to work?”‚ “How am I going to run any errands?”‚ “How am I going to afford a replacement car?” and “How the hell am I going to have a life?” Losing a car for me was like losing an arm or a leg. There are plenty of people today who live long happy lives without arms and legs. So the key to survival is to not let this handicap you
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Explain why market prices are useful to a financial manager. A market price is the current price at which an asset or service can be bought or sold. (investopedia.com). Market prices are very useful to a financial manager. It helps with financial planning and it reflects the value of the assets based on GAAP (which refers to the Generally Accepted Accounting Principles). GAAP is just a set of guidelines that must be followed when it comes to any type of financial practice. Market price is also a crucial
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PAPER – CONTRACT 1 Define contract. Explain the essentials of valid contract. A voluntary‚ deliberate‚ and legally binding agreement between two or more competent parties. Contracts are usually written but may be spoken or implied‚ and generally have to do with employment‚ sale or lease‚ or tenancy. 1. Essentials of a valid contract All agreements are not contracts. Only that agreements which is enforceable at law is a contract. An agreement which is enforceable at law cannot be contract. Thus
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Gascoyne Gold case study 1. Outline how Porter’s value chain has been used by Gascoyne Gold and the advantages that have resulted from its implementation. Porter`s value chain model looks at the primary and secondary activities with in the internal environment of an organization. From the case study it is shown that Gascoyne Gold has used porter`s value chain to reduce costs and to increase customer satisfaction. Primary activities: * Inbound logistics: It includes all the activities
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MANAGE MEETINGS (BSBADM502B) ASSESSMENT DOCUMENT (Please print your name) DIPLOMA OF BUSINESS (BSB50207) ASSESSMENT COVER SHEET CANDIDATES - Please submit this entire document (do not separate or remove pages) – with this page completed as required – and place at the top of your assessment document CANDIDATE TO COMPLETE THE SECTION BELOW Name Address Phone Daytime Email address Company name Training date(s) 21/08/2013
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demonstration of present intent to form contractual relations. No contract is formed when prospective purchasers respond to such terms‚ as they are merely invitations or requests for an offer. Unless this interpretation is employed‚ any person in a position similar to a seller who advertises goods in any medium would be liable for numerous contracts when there is usually a limited quantity of merchandise for sale. An advertisement‚ price quotation‚ or catalogue is customarily viewed as only an invitation
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A contract is an agreement between two parties‚ each agreeing to do or forbear from doing something. A contract‚ if properly formed‚ is legally binding and all parties to a contract are required to perform their respective obligations under the contract‚ failing which legal action can be taken. A failure or refusal to perform one’s obligations under the contract will be called a "breach" of the contract. Contract breaches have wide ranging consequences both legal and practical to the parties to
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o Perfect (pure) competition Price–taking firms each with no influence over the ruling market price (see diagram below) Free entry and exist of businesses in the long run – drives down profits towards a normal profit equilibrium level Each supplier produces homogeneous products – each a perfect substitute – hence the perfectly elastic demand curve for the individual supplier Key factor - interdependent nature of pricing decisions between rival firms Each firm must consider strategic behaviour
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Manage meetings Task 1 Action plan On 05/07/2013‚ Robert Sean‚ the CEO needs to contact the fire station and invite them to the meeting. Fees and available date must be identified. On 06/07/2013‚ Cherry Lu‚ the marketing manager needs to contact Deakin University to rent the room for the meeting. Fees and available date must be identified. On 08/07/2013‚ Peter Chen‚ the production manager needs to design and point out enough meeting papers for participants. On 09/07/2013‚ Damn Lee‚ the purchasing
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3 2. COMPETITIVE CURRENCY EXPOSURE AT GM (2001: Using Case Info) 3 2.1 Performance 6 2.2 Automobile Market in USA 7 2. 3 Competitive Exposure Mechanism 8 2.4 Yen Exposure Quantified 9 3. APPROACHES TO MANAGE GM’s COMPETITIVE EXPOSURE 10 4. GM’s COMPETITIVE YEN EXPOSURE (993-2005) 13 4.1 GM’S US Car Sales Exposure 14 4.2 GM’S Market Share Exposure 15 4.3 GM’S Net Income Exposure 16 4.4Implication of result on hedging strategy 17 5. NEW GM’s COMPETITIVE EXPOSURE 18 5.1 Issue in measuring
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