Projection is of two types – forward and backward. It is a forward projection of data variables‚ which is named forecasting. By contrast‚ the backward projection of data may be named ‘back casting’‚ a tool used by the new economic historians. For practical managers concerned with futurology‚ what is relevant is forecasting‚ the forward projection of data‚ which supports the production of an event. Thus
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fills in by the applicant when applying for a job. This is a basic procedure for the organization to recruit or select employees. Both IT project manager and telemarketing executive are suit for this application form in selection method. For the selection method‚ application form is easier and fast for the organization to scan the information of applicants and make comparisons. Inside the application form there are included some basic personal information‚ what are the position the applicant want
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According to Polit and Hungler (1997) paradigms constitute a worldview or a general perspective on the complexities of the real world. More specifically‚ paradigms for human inquiry are often characterized in terms of the way in which they respond to basic philosophical questions (p.11). In this sense of the term‚ then‚ paradigms are more than typical examples or models. Rather‚ they demonstrate relationships between ideas and provide a basis for a methodology or a theory‚ and as such‚ they are useful
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Economics and Managerial Economics Economics may be defined as a branch of knowledge dealing with allocation of scarce resources among competing ends. Managerial Economics may be defined as application of eco for problem solving at corporate level. Factors affecting Managerial decision Often only pure logic does not contribute to decision making Human Factor Human behavioral considerations often influences a manager into compromising or moderation a decision which would otherwise have made
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Hult Managerial Economics Don Uy-Barreta Lecture notes – Week 1 Chapter 1 – Microeconomics: A Way of thinking about business (and life!!!) The bottom line Property rights are crucial to the efficient allocation of resources that are depleted or devalued in some way when used and when transaction costs are low. They can be a problem when transaction costs are high and the use of the resource does not deplete the resource or devalue it. 1) What is economics about? a) What and how much
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Banking Lecture 2 - Basic Principles of Banking Michal Mejstřík‚ Petr Teplý Institute of Economic Studies‚ Faculty of Social Science‚ Charles University in Prague‚ Czech Republic 10 October 2012 Global political governance Slide 2 Who will pay this game/cost of crises? Source: Petr Teplý (2011) Slide 3 The current financial world is “simple“ and can be described by 3 terms: 1) Planet Ponzi 2) Zombie banks 3) Uroboros Source: Petr Teplý (2012) Slide 4 Ponzi
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PSY 225 Research Methods Spring 2013 Review Sheet Exam 1 CHAPTER 1 Why is the methods course believed to provide a “foundation” for other psychology courses? Hint: process vs. content. A methods course teaches a process (of doing research) that applies to other content courses. How do research psychologists use the terms determinism and objectivity? +Determinism= the idea that events‚ including psychological ones‚ have causes statistical determinism= events can be predicted‚ but only
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ECONOMICS conimists- 16th and 17th centuries. hysiocrats (farmers) ercantalists (traders) Father of Economics/ Father of the classical school of economic thought- Adam Smith (In 1776‚ he wrote ’An enquiry into the nature and causes of the Wealth of Nations’) According to Smith‚ self interest was an invisible hand which would work for the common benefit of the community. The Great Depression of 1929 was a phase in which supply exceeded demand. John Maynard Keynes (a British economist)
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shows the importance of small-scale industries in the economic development of the country. The small-scale industry have been playing an important role in the growth process of Indian economy since independence in spite of stiff competition from the large sector and not very encouraging support from the government. The following are some of the important role played by small- scale industries in India. 1. Employment generation: The basic problem that is confronting the Indian economy is increasing
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The Socratic Method of teaching is one that has survived throughout many decades. The Socratic Method was started by Socrates‚ a Greek Philosopher. According to the Stanford Encyclopedia of Philosophy‚ the philosopher Socrates remains‚ as he was in his lifetime (469–399 B.C.)‚ an enigma‚ an inscrutable individual who‚ despite having written nothing‚ is considered one of the handfuls of philosophers who forever changed how philosophy itself was to be conceived. Socrates wrote nothing about his work
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