Unit 3 M1- explain the importance of cost‚ revenue and profit for a business organisation 1. Cost Profit is the different between the selling price and the production cost. Product cost include not only the cost of manufacturing a product but also all the other costs incurred in the process of producing or delivering a product or service. 2. Revenue The revenue of a business is‚ the income from its operations. It is important for the business to make the gap between costs and revenue
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Modern technology has changed our ways of communicate In ancient times‚ horses were used as a public transport in the use of post letters which can help people to keep in touch with friends and family members‚ it’s not so convenience because of the long time cost. As a result‚ many new technologies were invented in the following years. These modern technologies not only have been changing humans lives but also have been bringing many new issues. So that‚ it’s important to know how our ways of communicate
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The fact that technology and science has developed incredibly fast over the past years is due to knowledge. We‚ the people‚ have become comfortable with the technology and science industry bombarding with new innovations and discoveries that has become part of our daily life. We never question ourselves the limit in were knowledge can become dangerous or if knowledge for good is able to intertwined with evil. The idea of too much knowlege becoming dangerous is observed in the classic novel‚ "Frankenstein
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Modern day technology is basically parallel to the world in 1984. The difference is society voluntarily inserts themselves into technological control. The advances we have had in technology such as smart tv’s‚ social media‚ and how the government controls society’s minds are examples of how we mirror Oceania’s totalitarian government. Modern life merely resemembles the life presented in George Orwell’s 1984. Oceania’s government’s goal was to brainwash its’ citizens into believing that the way they
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Religion is one of the most ancient‚ sacred and time tested institution in society that is used as an instrument of social control. Religion espouses certain values and ethics which serve as a yardstick to measure our actions against. People feel that there is some power‚ or institution wielding immense power to which we are accountable to. In such a situation people would think before committing certain acts which are not accepted by the society. Due to the presence of such a force a person would
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(1997) “Organisational behaviour is one of the most complex and perhaps least understood academic elements of modern general management‚ but since it concerns the behaviour of people within organisations it is also the most central... its concern with individual and group patterns of behaviour makes it an essential element in dealing with the complex behavioural issues thrown up in the modern business world.” This paper focuses on two areas of organisational behaviour that are considered crucial
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My Sister’s Keeper Summary Conceived by means of fertilization‚ Anna Fitzgerald (Abigail Breslin) was brought into the world to be a genetic match for her older sister Kate (Sofia Vassilieva)‚ who suffers from acute promyelocytic leukemia. Because of her sister’s dependency on her‚ Anna is unable to live the life she wants; in and out of the hospital constantly‚ she cannot take part in extracurricular activities such as cheerleading or soccer. When Anna turns 13 she goes into renal failure. Knowing
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The Effects of Modern Technology on the Study Habits of Students By Jon Ireland‚ eHow Contributor With advances in technology‚ student study habits have dramatically changed. It’s affected the way classes are taught‚ students learn theories and the way information is presented. Gone are the days of slaving over books in the library and scribbling down notes on paper. Resources • The Internet allows students to access virtually all information that is publicly available from the comfort of their
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The Impact of Science and Technology to Society Albert Einstein (1921) The rapid rise of modern science has created major social problems. Not only has science created profoundly affected man’s material way of life it also offered an equally profound mental upheaval. As resulted from the changes it has effected in man’s rational understanding of his environment and his attitude toward knowledge. Materials life has primarily felt the technological knowledge growing out of industrial application
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Use of Information Technology in Modern Day Business By Martin Nana Baffoe Pieterson In general‚ IT (Information Technology) has brought about significant improvements in Business operations and in the entire human life as whole. Talking about Globalization‚ IT has not only brought the world closer together‚ but it has allowed the world’s economy to become a single interdependent system. This means that we can not only share information quickly and efficiently‚ but we can also bring down barriers
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