Finance: Refers to the funds required to carry out the activities of the business. Critical issue for entrepreneurs: 1. Need to consider the financial concerns for business 2. Need to determine most appropriate source Questions to consider: How much debt can the business afford? How much do I need or expect from the business? How much will it cost to start the business? What financial success have other similar business achieved? What funds o I have available and what will I need to acquire
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FORM 2 COMMERCE PAPER 2 END OF YEAR EXAMS: 2012 TIME: 2 HOURS Answer any FOUR questions 1 (a) Give the factors of production and their rewards [4] (b)i) Explain/define these factors of production [8] ii) What is 1) direct production? [2] 2) What is indirect production [2] c) money is used as _____‚ ______‚ _______ and _____ [4] 2 (a) What are the disadvantages of division of labour or specialization
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Phase 2 Individual Project Arin Sanders Colorado Technical University Participating in international business can be very risky and lucrative all at the same time. It is important to know the key factors and controllers when doing business on foreign territory. There are many things to consider when you look at day to day operations and cultural differences‚ but more so what you do in the event of a national state of emergency. There are always political issues‚ and individual problems that each
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On 2 February 2008 Gerald‚ who owned “Coffee Grand Restaurants” – a chain of 5 restaurants that were known for serving excellent food and fine coffee -- sent an e-mail to Luis that said: “I offer to purchase from you 5000 pounds of your ‘grade super A+’ Arabica coffee imported from Antioquia province in Colombia – I will pay you $3.00 per pound. The coffee should be delivered to my place of business in Panorama City on or before 12 March 2008. I will pay the full price for the coffee by 25 March
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2. Discussion Questions • Mandatory Assessed DQ: Research the elasticity of beef and eggs in regards to price changes. How do supply‚ demand‚ and price controls interact to affect equilibrium price of eggs? Why do customers have a more elastic buying response to beef than to eggs? As we has discussed‚ elastic demands are placed upon items that are commodities rather than needs. The change of eggs prices are forced due to the demand. During the summer months‚ egg supply is higher and lower during
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Diversity Reflection Paper Erin Cross HRMG 5000 QC S2 2015 Instructor: Lorrie Ortega March 25‚ 2015 Diversity Reflection Paper What has the diversity mix been (how have diverse groups been represented) in organizations where you have worked? Where you have lived and now live? Where you grew up? Diversity is essential in the workplace. It is the difference among people‚ gender‚ ethnicity‚ national origin‚ sexual orientation and a list of other things that identify people. Each person brings a
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Ch6 Student: ___________________________________________________________________________ 1. Inventory is usually reported as a long-term asset in the balance sheet. True 2. Cost of goods sold is an asset reported in the balance sheet and inventory is an expense reported in the income statement. True 3. False Using the first-in‚ first-out method (FIFO)‚ the first units purchased are assumed to be the first ones sold. True 9. False Companies are not allowed to report inventory costs by assuming
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Business Law 1 Mid Term Teshvinder Singh Chopra SEGi University College: American Degree Program 2 July 2010 Accordingly‚ as with the situation‚ Tim has sustained injuries from the incident. The person at fault for Tim ’s condition is surely Danny‚ as he had parked his car illegally‚ which definitely breaking the rules‚ and he as well forgotten to engage the parking brake. This caused the car to roll back and eventually hits an electric wire and the sparks from the ignition of the electric
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following salaries (in thousands of dollars) for this year. 28 31 34 35 37 47 42 42 49 41 42 60 52 52 51 72 67 61 75 77. What is the interquartile range (in thousands) of this data set? (A) 21.5 (B) 10 (C) 50 (D) 23 (E) correct answer is not given 2. Please refer to the previous question. Suppose each employee in the company receives $3‚000 raise for next year. The interquartile range (IQR) of the salaries will: (A) be unchanged (B) be multiplied by $3‚000 (C) increase by $3‚000 (D) decrease
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Business-2 Business VS Business-2-Consumer Charletta Key EBUS 400 E-Business Mark L. Schlam‚ M.S. June 22‚ 2006 Business-2-Business VS Business-2-Consumer Just about every business today has a web site. Weather they are doing business with other businesses or selling directly to the public‚ a business today needs to have a web site. This paper will discuss Business-2 Business (B2B)‚ Business-2-Consumer (B2C). The paper will look at the marketing concept‚ and the similarities and differences
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