WHAT IS INFLATION? INFLATION is a rise in the general level of prices of goods and services in an economy over a period of time when the general price level rises; each unit of currency buys fewer goods and services. Consequently‚ inflation reflects a reduction in the purchasing per unit of money – a loss of real value in the medium of exchange and unit of account within the economy. CAUSES OF INFLATION FACTORS ON DEMAND SIDE: Increase in money supply Increase in disposable income
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Cruise ships and the disposal of waste at sea 1- What groups will be benefited from continuing the present "dump at sea" policy? All these people will probably be benefited from the present “dump at sea” policy. - The companies that own the cruise ships can cut the cost of nonhuman waste storage‚ treatment cost of such waste‚ space for waste storage‚ etc. - The stakeholders of the company including the shareholders‚ executives‚ staff‚ and so forth will enjoy the benefits of the policy. - The
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The Ritz-Carlton Case Study Few brands attain such a high standard of customer service as the luxury hotel‚ The Ritz-Carlton. The Ritz-Carlton dates back to the early 20th century and the original Ritz-Carlton Boston‚ which revolutionized the way US travelers viewed and experienced customer service... What the other organizations could learn from Ritz-Carlton Hotels would be to hire the „right people for the right job‟‚ i.e. servicing. If an organization hires people who are not the cultural fit
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2 Discuss factors that have affected the nature of costs in the airline industry since 2000. How have these factors affected pricing decisions? 1) Company and product costs Cite an example of easyJet‚ it was expecting its pre-tax profits to drop by 45 percent due to higher fuel expenses. Energy costs have casualties leading to easyJet announcing that it would have to cut flights over the coming winter period. Across the industry‚ fuel costs account for 40 percent of the total airline costs
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Case study : Kolej Teknologi Bistari: The Dwindling Students’ Enrollment Question 1 (a) The main issue/issues of the case. KTB is wholly owned by Persatuan Kebajikan Anak-anak Yatim Malaysia (PEYATIM) was incorporated on 4th June 1998. The permanent campus of KTB is now located in Putera Jaya Pak Kancil‚ Bandar Permaisuri‚ Setiu‚ Terengganu. KTB started its academic program by forming a franchise program with Universiti Putra Malaysia (UPM)‚ and also cooperated and offered joint programs
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1. CASE SUMMARIZE SUMMARIZE CASE Parker is the team leader in the case. He did hired Boyce‚ Miller and Talbot to complete a job which was involved staking 15 claims near Eagle Lake. He hired team members which he had familiar with and assigned the team members as field assistants. The objective of the task is to complete a little over seven lengths each day in order to cover an area of 60 miles. Parker did give rewards to the team members if they can complete the task within given time. But at
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Tugas mandiri Andre nanda pratama jaelani‚ 112400161‚ MBTIe CREATE TABLE DEPARTMENT (dept_id VARCHAR (5) NOT NULL‚ Nama_Dept VARCHAR (20) NOT NULL‚ PRIMARY KEY (DEPT_id)); CREATE TABLE PEGAWAI (ID_peg INT (5) NOT NULL‚ Nama_peg VARCHAR (20) NOT NULL‚ Alamat VARCHAR (20) NOT NULL‚ ID_Dept VARCHAR (5) NOT NULL‚ PRIMARY KEY (ID_peg)‚ FOREIGN KEY (ID_Dept) references pegawai (ID_peg)); INSERT INTO Department VALUES (’B001’‚’HRC’)‚ (’B002’‚’IT’)‚ (’B003’‚’FINANCE’)‚ (’B004’‚’LOGISTIC’); INSERT INTO
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For international business with operations in different countries‚ of considerable importance is how a society’s culture affects the values found in the workplace. Management process and practices may need to vary according to culturally determined work-related values. For example‚ if the cultures of the United States and France result in different work-related values‚ an international business with operations in both countries should vary its management process and practices to take these differences
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Learning Objectives • What is a contract? What are the four basic elements necessary to the formation of a valid‚ contract? • What are the various types of contracts? • What are the requirements of an offer? • How can an offer be accepted? • What are the elements of consideration? CHAPTER 7 Contracts: Nature‚ Classification‚ Agreement and Consideration © 2005 West Legal Studies in Business A Division of Thomson Learning © 2005 West Legal Studies in Business A Division of Thomson
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What is strategic management? What are the roles of mission and vision statements in strategic management? Can an organization have a successful strategic plan without effective mission and vision statements? Why or why not? “Strategic management involves implementing different strategies and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives. Strategic management is the process of specifying the organization’s mission‚ vision and objectives
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