What methods of Index Number calculation is used to calculate Cost of Living Index (CLI). Cost of Living Index is a type of index study which is used to examine expenses that people incur to maintain a regular life standard including food‚ clothing‚ housing and social activities. The Cost of Living Index is‚ with the help of two different price data sets‚ a comparison of the necessary minimum expenses that are needed in order to maintain the same financial status and life standard level. Methods
Premium Arithmetic mean Average Inflation
TAXATION RATING 6/10 advantages: -Higher price --> less supplied and consumed of demerit goods. Increase in consumer welfare. -Government gains revenue. -Tax receipts can be used to further help with problem e.g. Taxing alcoholic drinks and using the receipts to add funding to the NHS or policing. Disadvantages: -If demand is very income inelastic (e.g. cigarettes) then consumption would not greatly reduce-> potential for black market. If consumption does remain the same then taxation is just
Premium Welfare economics Market failure Externality
would be based on what decision is taken with reference to the situation. Consequently‚ different traits of a person would be brought out using an observation perspective. Case study as a method of studying personality comes with various merits as well as demerits. The biggest advantage associated with this method is that it enables and takes problem solving to a higher level. This method also creates new knowledge in various dimensions as well as plays a crucial role in testing a particular hypothesis
Premium Psychology Personality psychology Person
Voluntary Retirement Scheme Presented by: M.Y.I.Goomany Learning Objectives Understand VRS Exit policy & its Effect Understand the procedure for VRS Merits and Demerits of VRS VRS in Mauritius VRS‚ others view Vendor Repair Specialist Vertical Rescue Solution Virtual Reality System Vision Rehabilitation System Virtual Race System What is a VRS? A voluntary retirement scheme (VRS) package is offered to employees as an incentive to retire earlier
Premium Retirement Employment Pension
CENTRALISATION AND DECENTRALISATION INTRODUCTION Centralisation and decentralisation are very important concepts of prganisation. They explain the manner in which the decision making authority’ is distributed or delegated among various levels of the organization. The concept of centralisation and decentralisation deals with the distribution of overall organizational authority. Centralization is that condition where in much of decision making authority is retained at the top of management authority
Premium Management Decision making
control by the line officers can be maintained since they can independently take decisions in their areas and spheres. 5. This kind of organization always helps in bringing efficiency in communication and bringing stability to a concern. | |[pic] Merits of Line Organization 1. Simplest- It is the most simple and oldest method of administration. 2. Unity of Command- In these organizations‚ superior-subordinate relationship is maintained and scalar chain of command flows from top to bottom.
Premium Organization Management
When cultures collide by Cosmas U. Nwokeafor Name: Muhammed H Bashorun Course: Phil 103 (Principle of Reasoning) Professor Name: Benjamin Arah Book Review (November 22‚ 2013) . When cultures collide by Cosmas U. Nwokeafor Cultural diversity is a reality and here to stay‚ it will not vanish overnight. People do things and think differently in diverse parts of the continents. In the same context‚ bringing up African children in foreign nations is not easy as
Premium Culture Sociology Anthropology
Case 3: Jet Blue 1. What are key forces in the general and industry environments that affect JetBlue’s choice of strategy? Key forces that affect JetBlue’s choice are‚ for the low-cost airline industry‚ new entrants with more commercial experience might be the central issue. Sometimes‚ global forces are driving the way competitiveness is established in the low-cost airline industry such as the rising oil prices which are forcing some of the airlines to increase their charges. Understanding
Premium John F. Kennedy International Airport Customer service Southwest Airlines
THE KENYA INSTITUTE OF MANAGEMENT MODULE: DCM 200‚ PRACTICE OF MANAGEMENT. CLASS A‚ EVENING CLASS‚ MONDAY. JANUARY – JUNE. LECTURER: MR. KISIA WORK BASED ASSIGNMENT PARTICIPANT: HUSNA TWALIB NYANGASA ADMISSION No: NRB/53875. SECTION 1 a) Identify the common types of organizational cultures found in organizations. Culture A culture is a way of life of a group of people the behaviors‚ beliefs‚ values‚ and symbols that they accept‚ generally without thinking about them‚ and that are passed
Premium Management Organizational culture Organizational structure
Statistics for Management Unit 15 Unit 15 Index Numbers Structure: 15.1 Introduction Learning Objectives 15.2 Definition of an Index Number Relative Classification of index numbers Base year and current year Chief characteristics of index numbers Main steps in the construction of index numbers 15.3 Methods of Computation of Index Numbers Unweighted index numbers Weighted index numbers 15.4 Tests for Adequacy of Index Number Formulae 15.5 Cost of Living Index Numbers of Consumer Price
Premium Inflation Arithmetic mean