Opportunity costs The first opportunity cost that I made was choosing to enroll in a university that offers online courses or going to a traditional university that only has classroom style learning. The pros of attending online for me included not having to commute back and forth 40 additional miles per day‚ not having to hire a babysitter for my child‚ and I’d be in the comfort of my own home or environment to my liking when I studied. The cons included‚ not having that social connection to my
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Equality of opportunity This essay deals with the topic equality of opportunity by analysing Tom McAfee’s short story This is My Living Room and the historical source Traditional American Values and Beliefs. This is My Living Room is analysed with a focus upon the “I” character and Traditional American Values and Beliefs is related to this analysis by supporting these conclusions with historical facts. This is My Living Room is about a redneck living in Pine Springs‚ Alabama‚ who is telling
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Employment law in United State Literature Review Employment law evolved from contract law and master-servant law to deal with the unique problems characterizing the modern employment relationship. The first task is to determine the difference between a firm’s relationships with an outside contractor selling services and second its relationship with an employee. The difference not only affects the area of law that regulates the relationship‚ but it also affects the relevant tax law. In the United
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Opportunities * Acquisitions * Asset leverage * Financial markets (raise money through debt‚ etc) * Emerging markets and expansion abroad * Innovation * Online * Product and services expansion * Takeovers Threats * Competition * Cheaper technology * Economic slowdown * External changes (government‚ politics‚ taxes‚ etc) * Exchange rate fluctuations * Lower cost competitors or imports * Maturing categories‚ products‚ or services * Price wars * Product substitution -------------------------------
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Employment Rights & Responsibilities As a new employee‚ the first course of action before commencing in your new job is to sign an employment contract specifying the laws relating to the conditions of work you must abide by. These laws cover aspects specific to your placement‚ such as the wage you receive‚ the hours you work‚ training and your holiday entitlements. You will also receive information to read and sign declaring your acceptance of the rules concerning legal matters‚ including
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Yours faithfully‚ (Swetha.M) Date: Place: OBJECTIVE • Aimed to associate with an organization that provides me an opportunity to exhibit my skill and improve my knowledge with the latest trends and to be a part of the team that works dynamically towards the growth and popularity of the organization with extreme enthusiasm and hard work. EDUCATION • Bachelor of
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Employment Law Outline General Theme for Regulating/Not Regulating: Structure of Legal Responses to Problem 1. Economic Rational a. Inefficient for government to intervene b. People best at knowing what they want (rational beings) 2. In balance of information between employer/employee (safety) 3. Power inbalances a. Employees may have no other options (captive) b. Employers have more power in general 4. People are irrational‚ don’t know what is best for them 5. Social cost to society from “rational”
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In microeconomic theory‚ the opportunity cost of a choice is the value of the best alternative forgone‚ in a situation in which a choice needs to be made between several mutually exclusive alternatives given limited resources. Assuming the best choice is made‚ it is the "cost" incurred by not enjoying the benefit that would be had by taking the second best choice available.[1] The New Oxford American Dictionary defines it as "the loss of potential gain from other alternatives when one alternative
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resources is one of the more basic concepts of economics. Scarcity needs trade-offs‚ and trade-offs result in an opportunity cost. While the cost of a good or service often is thought of in monetary terms‚ the opportunity cost of a decision is based on what must be given up as a result of the decision. Any decision that involves a choice between two or more options has an opportunity cost. Opportunity cost‚ scarcity and trade-off are important in our daily life because it affects us every day in different
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Apa sih opportunity cost? Untuk yang pernah belajar ekonomi pasti kenal baik dengan istilah ini‚ tapi buat yang lain‚ opportunity cost is : "...the cost of something in terms of an opportunity foregone (and the benefits that could be received from that opportunity)‚ or the most valuable foregone alternative." (Dictionary.LaborLawTalk.com) Kalau diterjemahkan adalah suatu biaya dari hilangnya suatu kesempatan dalam menggunakan sumber daya tertentu. Kalau kita melihat waktu sebagai sumber daya
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