Macro Final Exam Chapter 10: The Money Systems What assets are considered “Money”? What are the functions of money and the types of money? * W/o money‚ trade would require barter > Exchanging one good/service for another * unlikely occurrence that two people e/ have a good that other wants * 3 functions * Medium of exchange: an item buyers give to sellers when they want to purchase g/s * Unit of account: the yardstick ppl use to post prices & record debts * Store
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Environment Culture influences an individual’s attitude towards environment. Environment in this context refers to our physical surroundings and nature. Man’s attitude towards his immediate environment is largely based upon his cultural upbringings. Trompenar’s concept of attitude towards environment highlights how man controls nature by imposing his will upon it (reference). Large organizations impact the nature and environment in many ways. Corporate Social responsibility has become
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MARKETING ENVIRONMENT Introduction Marketing does not occur in a vacuum. The marketing environment consists of external forces that directly and/or indirectly impact the organization. Changes in the environment create opportunities and threats for the organizations. Definition: ▪ A company’s marketing environment consists of the actors and forces outside marketing that affect the marketing management’s ability to develop and maintain successful relationship with its target markets
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Environmental protection 1 Environmental protection Environmental protection is a practice of protecting the natural environment on individual‚ organizational or governmental levels‚ for the benefit of the natural environment and humans. Due to the pressures of population and technology‚ the biophysical environment is being degraded‚ sometimes permanently. This has been recognized‚ and governments have begun placing restraints on activities that cause environmental degradation. Since the 1960’s
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3.10 Results of Experiments After performing all the experiments with predetermined values of process parameters‚ the tensile strength is measured and the micro hardness is measured. The results are given in the table 3.5. Table: 3.5 Ultimate Tensile Strength and Micro hardness of SMAW & TIG for Experimentation Exp. No Groove Angle (Degree) Root Face (mm) Root Gap (mm) SMAW TIG UTS (MPa) Vickers Hardness (Hv0.1) UTS (MPa) Vickers Hardness (Hv0.1) 1 30 1 0 304 209 358 220 2 30 1.5 1 275 210
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Business Environment Meaning: The success of every business depends on adapting itself to the environment Within which it functions. For example‚ when there is a change in the government polices‚ the business has to make the necessary changes to adapt itself to the new policies. Similarly‚ a change in the technology may render the existing products obsolete‚ as we have seen that the introduction of computer has replaced the typewriters; the colour television has made the black and white television
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Nano Aerial Vehicles and Micro Aerial Vehicles are primarily used for military applications which include Intelligence‚ Surveillance and Reconnaissance (ISR missions)‚ and used for both indoor and outdoor missions‚ which represents a challenging environment factor to overcome. The use of MAVs and NAVs reduce human risk as it does not require an on-board pilot for the mission‚ they also tend to improve the assessment of danger and have visibility in the dark when equipped with infrared cameras. Other
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Department of Marketing Dhaka University Course Name: Business Environment Preface The objective of this course is to provide requisite knowledge for successful business manager. To develop the understanding of the cultural‚ demographic‚ social‚ economical‚ political‚ technological and legal environment within which the business operates. Provide knowledge on how to adapt with the changing environmental situation. It also discusses the issues related to the relationship between business
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1. Do all international financial transactions necessarily involve exchanging one nation’s distinct currency for another? Explain. Could a nation that neither imports goods and services nor exports goods and services still engage in international financial transactions? LO1 Answer: The answer is almost certainly a yes. Only in rare cases would you find barter exchanges (goods and services for other goods and services). Yes‚ they could engage in financial transactions (the exchange of assets across
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1. What is the gross domestic product? A gross domestic product is “the total market value of final goods and services produced within an economy in a given year”. 2. Do increases in gross domestic product necessarily translate into improvements in the welfare of citizens? Yes‚ an increase in GDP improves welfare of citizens because if U.S exports are increased it will increase U.S GDP and reduces unemployment in the short run. This would be an improvement for welfare citizens. 3. What is unemployment
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