Cost of Production Fixed costs are those that do not vary with output and typically include rents‚ insurance‚ depreciation‚ set-up costs‚ and normal profit. They are also called overheads. Variable costs are costs that do vary with output‚ and they are also called direct costs. Examples of typical variable costs include fuel‚ raw materials‚ and some labour costs. An example Production costs Consider the following hypothetical example of a boat building firm. The total fixed costs‚ TFC‚ include
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It is always difficult to know that there are people that abuse and harm children but you need to make sure that any allegations of a child that has been abused or harmed is treated in the correct way and responded in the appropriate way so that everyone is calm and confident enough to talk about it all. Whether you have noticed the signs of abuse‚ harm or neglect yourself or whether you have been told by another colleague‚ carer‚ and parent or even by the child you need to respond to the allegations
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Effective Retail through Customer Service – The Impact of Sales Staff in Different Types of Retail Format Sandeepan Majhi Saurabh Chopra Somnath Guha Sarkar Post Graduate Program In Fashion Management Studies (2006-08) National Institute of Fashion Technology Bangalore Acknowledgement Success is 99% perspiration and 1% aspiration‚ has been proved that during our study of the project. The one percent aspiration of ours has been brought to life by the guidance and efforts of
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There are different types of economic systems‚ ranging from the centralized command system (U.S.S.R.)‚ to the free market economy (U.S.A.). Economies nowadays are mixed in nature than in the past‚ with a trend leaning more towards a free market system since the demise of the former Soviet Union and the European eastern block. Hence China has since revised its policies and is opening up the market to avoid the same fate. The USA free market has also been recently learning that a totally free
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In recent years‚ there exist many new types of economy in globalisation‚ and then it results in varying new types of job in which different job descriptions depending on different industries. More importantly‚ the role of employees is day by day appreciated as a core component in the development and the success of any organisational productivity and any company respectively. That is the reason why psychological contract needs to be invented in a new economy whilst loss of trade unions. Subsequently
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ESSEX INTERNATIONAL COLLEGE Programme: Unit Number: Unit Title: Unit Code: Credit Value: QCF Level: BTEC Higher National Diploma (HND) in Business 05 Aspects of Contract and Negligence for Business Y/601/0563 15 4 Writer of the brief: Internal Verifier name: Mr Alfred Dr. Keith Learning outcomes and criteria covered by this assignment: All pass criteria All merit descriptors All distinction descriptors Key dates: Assignment distribution date to learners: Assignment/Portfolio
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ASPECTS OF CONTRACT AND NEGLIGENCE OF BUSINESS Task: 1.1: Explain the importance of the essential elements required for the information of a valid contract? Offer A valid offer identifies the bargained-for exchange between the parties and creates a power of acceptance in the party to whom the offer is made. The communication by one party known as the offeror to the another party called the offeree b) Acceptance To constitute a contract‚ there must be an acceptance of the offer
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it possible for one standard form of construction contract to meet the need of every project? Discuss by reference to at least two forms in common use in industry. | 2 | 1.0 | What is a Construction Contract? | 2 | 1.1 | Why use a standard form of contract? | 3 | 2.0 | Different forms of contract | 3 | | 2.1 PWD (Public Works Department) FORM OF AGREEMENT | 4 | | 2.2 FIDIC | 4 | 3.0 | Main differences between both forms of contract | 6 | | 3.1 Payments | 7 | | 3.2 Variation
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Contract Cancellation due to a Breach of Contract Submitted by Victoria Wyatt Prepared for Dr. Maverick Acquisition Law Spring 07 18 May 2007 CERTIFICATE OF AUTHORSHIP: I certify that I am the author. I have cited all sources from which I used data‚ ideas‚ or words‚ either quoted directly or paraphrased. I also certify that this paper was prepared by me specifically for this course. ______________________________________________ Signature Date Overview
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Contents Executive summery 3 Introduction 3 LO 1 A valid contract in a Business Context 3 1.1 The importance of the essential elements required for the formation of a valid contract 3 1.2 Impact of different types of contract 4 1.3 Analyze terms in contracts 5 LO 2 Elements of a contract in Business situations 6 2.1 Elements of contract in given business scenarios 6 2.2 Law on terms in different contracts 6 2.3 Effect of different terms in given contracts 7 LO 3 Negligence in Business Activities 7 3.1 Contrast
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