Average Total Cost Total Cost(TC) output(Q) Total Revenue =PxQ Four (4) categories of resources: (4 points with explanations and appropriate example * 3 marks = 12Type of marks) (1) LAND Resources (2) LABOUR All natural resources‚ such as minerals‚ forests‚ water‚ and unimproved land. Definition The physical and mental talents people contribute to the production process. Oil‚ wood Example A person building a house (3) CAPITAL Type of Resources Produced
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MANAGEMENT Leading & Collaborating in a Competitive World Foundations of Management • Managing • The External Environment and Organizational Culture • Managerial Decision Making Planning: Delivering Strategic Value • Planning and Strategic Management • Ethics and Corporate Responsibility • International Management • Entrepreneurship Strategy Implementation Organizing: Building a Dynamic Organization • Organization Structure • Organizational Agility • Human Resources Management • Managing
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equipment‚ buildings‚ and land. Intangible assets may be represented by a piece of paper or document. The real value of such assets is the rights and privileges extended to their owners. Examples of intangible assets can be a patent or a trademark. Property‚ plant‚ and equipment include furniture‚ machinery‚ computers‚ and fixtures that can be removed and used somewhere else. Real property is land‚ land improvements‚ building‚ and other structures attached to the land. Cost basis of a long-lived
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Natives speak Spanish and become part of their society as well as to work. After the Natives become part of that society‚ a Presidio was set up. The purpose of the Presidio was to guard and protect the Mission and the people in it. Military forces opened land right after the Presidio was set up in order for the Natives to do labor. Finally after everything is set up‚ the Spaniards can make their own Pueblo. The Pueblo meant that native laborers were always supervised and the Presidio kept outsider away
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egg must be raw and either Large or X-Large. If a parachute is attached to the container‚ it must be made from scratch using everyday materials. (Parachutes that were previously attached to a toy‚ for example‚ are not allowed.) The container must land within a hula hoop placed on the ground directly below the point of release. The egg must not break upon landing. Write an essay‚ 1-2 pages in length‚ describing how you incorporated principles of physics into the design of your egg container
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1. Why is the assumption of land as a homogenous factor of production no longer considered tenable? In classical economics‚ land along with labor and capital are considered as one of the factors of production. Land is often regarded as the original factor of production because it is found in nature and therefore not produces and cannot be derived from anything else. As a natural good‚ land was considered the source of wealth thus agriculture was the only sector that could increase it. Thus
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Land-based and environmental Apprenticeships are so diverse‚ the industry itself is crucial to both national and global economics‚ so if you’re looking to kick start your career in a fulfilling and exciting role then you might have just found your dream job. What will Land-based and Environmental Apprenticeships involve? Land-based and environmental Apprenticeships provide you with an extensive range of opportunities. Through a combination of classroom based learning and on the job training you
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Management has been continuously evolving over the past hundred of years. Various approaches have been utilized in order to adapt and improve management functions in the ever changing business environment. Managers are now equipped with principles and techniques developed through vast experience. So for the purpose of hastening the development of these management practices for the future‚ we must first examine the stream of evolving management thought of the past. Early Perspective As early
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Scientific management Introduction Nowadays‚ scientific management plays an important role in our workplaces. Nevertheless‚ to draw a conclusion that whether scientific management is appropriate in nowadays workplaces‚ the essay will discuss the advantages and disadvantages of scientific management. First of all‚ as to the definition of management‚ the answer to this problem varies from people to people. Some people like Frederick Winslow Taylor‚ thought that management is a discipline that involves
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category. Ans: Biotic resources - 1. human beings‚ 2. natural vegetation. Abiotic resources - 1. water‚ 2. coal‚ 3. petroleum. Renewable resources - 1. forests‚ 2. solar energy. Non-renewable resources - 1. coal‚ 2. CNG. Individual resources - 1. land‚ 2. house. Community resources - 1. grazing grounds‚ 2. public parks. National resources - 1. minerals‚ 2. river water. International resources - 1. resources from ocean water and sea-bed beyond 200 km. of EEZ‚ 2. sea-routes Potential resources -
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