3. Describe what Pareto efficiency is and why economists use this criterion for comparing alternative economic systems. Use a graphic display in this essay. The term is named for an Italian economist‚ Vilfreo Pareto. A central concept in economics is Pareto efficiency. A situation is said to be Pareto efficient if there is no way to rearrange things to make at least one person better off without making anyone worse off. What makes Pareto efficiency important is that almost everyone would agree that
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TEST BANK CHAPTER 1 Intercorporate Investments: An Overview MULTIPLE CHOICE Use the following information on a company’s investments in equity securities to answer questions 1- 4 below. The company’s accounting year ends December 31. | |Date of acquisition|Cost |Fair value |Date sold |Selling price | |Investment | | |12/31/10 | |
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Technical skills Technical skills is the specific knowledge and techniques required to perform an organizational role. Skills reflect both an understanding of and a proficiency in a specialized field. A manager may have technical skills in a specialized field such as accounting‚ finance‚ computer science… etc. for example‚ an account payable manager must be proficient in accounting rules and procedures so that he can resolve problems and answer questions related to accounting. Human Skills
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Chapter 3 Solutions‚ 3rd day Exercise 3-13 (15 minutes) 1. | Actual manufacturing overhead costs | | $ 48‚000 | | Manufacturing overhead applied: 10‚000 MH × $5 per MH | | 50‚000 | | Overapplied overhead cost | | $ 2‚000 | | | | | 2. | Direct materials: | | | | Raw materials inventory‚ beginning | $ 8‚000 | | | Add: Purchases of raw materials | 32‚000 | | | Raw materials available for use | 40‚000 | | | Deduct: Raw materials inventory
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A collateral interview was conducted with Mr. Hector Class maternal grandfather. Mr. Class reported that his daughter has never had any mental health issues. Mr. Class reported that he is still marriage to his daughter’s mother. He indicated that they see their daughter and grandchildren two to three times a week. The grandfather reported that he and his wife help care for the children after school‚ he stated that the days depends on his daughter’s work schedule. He indicated that his daughter
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Communication Situation Analysis Paper Today‚ there has been an influx in technology advancements in the workplace that have streamlined office tasks and improved employee productivity. Moreover‚ businesses are now better equipped to handle their customer’s needs as well as enhance their competitiveness. These technology advancements include new communications channels such as e-mail‚ fax‚ audio‚ and video conferencing. In this paper‚ the different types of communications channels and the types
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Communication Paper Stefanie Gonzalez University of Phoenix Communication paper No matter what we do‚ we are communicating whether we intend to or not. Communication goes far beyond talking‚ nonverbal communication‚ in its many forms‚ gives off certain messages to people of different genders and cultures. When communicating‚ one must understand the importance of effective communication in diverse environments. People communicate in various ways but it comes down to two forms
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Recruitment documentations: Job description of a Nurse: - Employers aren’t legally obliged to create a job description‚ yet producing one enables them to focus on their thinking and decide how the role must contribute to the business and who is likely to fulfill that role.This document provides an understanding of the position’s major responsibilities‚ details how the responsibilities are accomplished‚ and identifies the knowledge‚ skills and abilities necessary
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Accounting chapter 7 managerial accounting Exercises Lambert Fabrication‚ Inc.‚ uses activity-based costing data for internal decisions. The company has the following four activity cost pools: Activity Cost Pool Annual Activity Producing units 5‚000 machine-hours Processing orders 1‚000 orders Customer support 200 customers Other Not applicable The "Other" activity cost pool consists of the costs of idle capacity and organization-sustaining costs. The company traces the costs of direct
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To understand the factors that compelled an employee to end its relationship with the organization is an integral part of the employment ending process. The organization should use the exit interview as an effective tool to develop and implement the strategies for meaningful staff retention. The exit interview provides the organization an opportunity to ’make peace’ with a disgruntled employee; otherwise‚ the employee leave with the vengeful intentions which could lead to negative publicity for the
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