if it means selling them to a sex trafficker. In the book Sold‚ Patricia McCormik gives an example of how the step-father of the protagonist‚ Lakshmi‚ views her‚ "But a girl is like a goat. Good as long as she gives you milk and butter. But not worth crying over when it’s time to make a stew"(McCormik 8). In this third world country‚ women and girls are to be used and are for man’s pleasure. Lakshmi was thirteen when her step father sold her. He is a greedy man who does not work and sells her into
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maximises profits has been at the forefront of economic theory. Cyert and Hedrick (1972) stated:"The unmodified neoclassical approach is characterised by an ideal market with firms for which profit maximisation is the single determinant of behaviour. Thus predictions can readily be made by combining the description of the market with the results of maximisation of the relevant Lagrangian."In recent years their has been extensive literature by economists questioning the theory of profit maximisation
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How to Write Law Exam Answers Personal notes made with reference to Legal Reasoning And Legal Writing by Richard K. Neumann‚ Jr. What a teacher looks for * Your understanding of how to use the rules * Your understanding of what the law is trying to accomplish with them Two kinds of questions * Hypothetical situations * Response to issue/statement Rubric of grading: what a teacher looks for when marking * Issue spotting * Knowledge of legal rules * Ability to analyse
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increasing sales by 25% over a five-year period‚ did it meet its objectives? Almost met its objective but short by 0.82% b. If the company had set a goal of increasing sales by 28% during the next five years‚ what should be the sales goal for 2008?128% (2587643) = 3312183 3. List and briefly describe the five categories of business ratios. Financial ratios can be divided into five categories: * Liquidity (Solvency) ratios * Financial Leverage (Debt) ratios * Asset Efficiency (Management
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Nguyen November 6‚2012 1. Conditions for profit maximization are: a) Difference between total revenue (TR) and total cost (TC) is maximized; b) Marginal revenue (MR) should be equal to marginal cost (MC) Explanations: If we assume that the company is facing a downward – sloping curve and it produces just one single product a) Profit = TR – TC. Profit will increase if TR increases and TC decreases. If company wants profit maximization‚ it should be TR maximization and TC minimization. The
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There are several reasons on why companies must run primarily to generate profits for shareholders. The mispricing of risk and the employment of foolish and irresponsible lending practices all the way down the finance chain was the basic reason for the financial crisis of 2007-2009 and the problems connected to it. Failed to manage risk as the reason for the crisis is where some have focused on while others have identified a wider reason which are the short-termite pressure placed on directors as
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1. How has Enterprise Rent-A-Car(ERAC) defined its service differently than that of the typical national car rental company? (1) As the current CEO says”put customers first because if they are satisfied‚ they’ll come back. Then come the employees. By making sure they are happy‚ well informed‚ and part of a team atmosphere‚ they will provide the best service possible. If you put the customers and the employees first‚ the bottom line will happen.” (2) The second difference is that the company has
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How much power should we give the government? If the federal government is truly made up of the people it governs‚ it should be given enough power to enforce laws‚ protect our borders and represent the country in foreign affairs. After that level‚ power should be a matter of local governments‚ such as states‚ to have more power than the federal government for its populace. The federal government should be the check and balance in local government while at the same time the local governments check
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A01- Profit and Loss A profit and loss account is something businesses use to show them their revenue‚ costs and profits for that certain year‚ therefore showing the total amount of profit that the business has made that year‚ it is extremely important for the business‚ in particular for the accounts department who will refer to the profit and loss account a lot. This is because it clearly lays out what the business has spent‚ and what the business has brought in‚ it is easy for the business
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Journal Entry 6-1-12 I learned that its not always about immediate profit. The purpose of business is to prolong your business while making a solid profit each year. If you make 100‚000 dollars for 3 years that does not exceed what your profits would be if you made 75‚000 dollars a year for 25 years. The peace of mind alone knowing you have a trust worthy business partner as well as a set in stone job/business for your lifetime and retirement is often a lot more rewarding than a quick buck. I
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