The story‚ created by David Moody‚ compares to a train moving away from a station platform. At first‚ a person could run alongside the track easily‚ though as the train speeds up‚ there comes a moment that the runner anticipates the futility of persevering‚ and as the cars rush forward‚ the person inevitably slows down‚ or at the last moment a decision emerges to jump on for the ride. I was that runner‚ easily bored at the beginning of the book--my mind outracing the slowness of the words‚ but approaching
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	David Hume‚ a Scottish philosopher and historian who lived from 1711-76‚ carried the empiricism of John Locke and George Berkeley to the logical extreme of radical skepticism. Although his family wanted him to become a lawyer‚ he felt an "insurmountable resistance to everything but philosophy and learning". Mr. Hume attended Edinburgh University where he studied but did not graduate‚ and in 1734 he moved to a French town called La Fleche to pursue philosophy. He later returned to Britain and
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How to do cost-effectiveness calculations in a nutshell: Noncompeting choice Noncompeting choice cost effectiveness is when you have many possible options to choose from that are NOT mutually exclusive. Noncompeting choice cost effectiveness uses the average cost effectiveness. This means you simply divide the cost of the intervention by the benefit of the intervention. For example: Intervention QALY Gained (~DALY eliminated) Net Cost A 50 $1000 B 3 $300 C 40 $1200 The average
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Opportunity cost Have you ever been in the situation deciding which cloth to buy? Have you ever facing the dilemma of to study or to play? Have you ever consider as a seller and choose to lower the price or raise it? In the field of economics‚ here’s a solution for you. The magic word is “opportunity cost”. Opportunity cost in terms of economy is the highest-value alternative one has to give up to engage in an activity. In other words‚ using the same resources such as money and time‚ the best
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our lives such as friends‚ family‚ teachers and heroic figures affect the way we identify ourselves; they are a big factor in building our personality. Past experiences we go through can also have an impact on our identity‚ if we’re growing; we’re always going to be out of our comfort zone. Another aspect of how identity continues to change is our own nationality and religion‚ how we identify ourselves about a certain belief can change the way we view things and our interpretations towards certain
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make long-term investments in new product lines‚ new equipment and other assets‚ managers must know the cost of obtaining funds to acquire these assets. The cost associated with different sources of funds is called the cost of capital. . If the business earns more than its cost of capital‚ the market value of the business will increase. Likewise‚ if returns on long-term investments are below the cost of capital‚ market values will decline. Therefore‚ how we manage capital is extremely important to fulfilling
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Sunk Cost-cost that has already been incurred and cannot be avoided no matter what a manager decides to do. A business segment should only be dropped if a company can avoid more in fixed costs than it loses in: contribution margin Which of the following techniques describe how a bottleneck should be managed: Find ways to increase the capacity of the bottleneck‚ ensure there is minimal lost time at the bottleneck due to breakdowns and set-ups‚ focus business process improvement efforts on the bottleneck
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The Cost of Childcare “According to the U.S. Department of Health‚ between the years 2011 and 2012‚ 38 states and the District of Columbia‚ child-care costs exceed their recommendation of no more than 10 percent of a family’s income (Blair 4).” However for many parents child care is a must. Child care expenses are at a premium‚ changing work circumstances could benefit both parents and children. Financially‚ there are both risk and benefit to the overall future of events. While scheduling to be
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is not sure about the difference between cost accounting and a cost accounting system. Explain the difference to Joe. (b) What is an important feature of a cost accounting system? 2. (a) Distinguish between the two types of cost accounting systems. (b) May a company use both types of cost accounting systems? 3. What type of industry is likely to use a job order cost system? Give some examples. 4. What type of industry is likely to use a process cost system? Give some examples. 5. Your roommate
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However‚ some critics will argue that darkness did not wreak chaos onto mankind; rather‚ it is humankind that is responsible for its own destruction. According to David Spitz‚ “If anything were to go wrong‚ as it tragically did‚ it could only come‚ then‚ from within; the only enemy of man was himself” (Spitz 5). In other words‚ Spitz believes that darkness did not inflict chaos or conflict in the novel. The true source of the destruction was no one other than mankind who was responsible. If mankind
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