VCE Economics Unit 2 practice test – Population‚ employment & change Section A: Multiple-choice questions Circle the answer that is correct or that best answers the question. No marks will be given if more than one answer is circled. Question 1 Which of the following aggregate demand factors is more likely to reduce cyclical unemployment? A. falling levels of consumer confidence B. rising levels of government expenditure C. rising levels of finance costs D. falling levels
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7.2 Purpose of forecasting demand Business forecasting is an essential ingredient of corporate planning. Such forecasting enables the manager to minimize the element of risk and uncertainty. Demand forecasting is a specific type of business forecasting. Concepts of Forecasting: The manager can conceptualize the future in definite terms. If he is concerned with future event- its order‚ intensity and duration‚ he can predict the future.
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ESSENTIALS OF ALTERNATIVE DISPUTE RESOLUTION _________________________________________________________________ Susan R. Patterson‚ Esq. D. Grant Seabolt‚ Jr.‚ Esq. Second Edition Instructor’s Manual & Test Bank ISBN 0-929563-63-8 2 Essentials of Alternative Dispute Resolution Instructor’s Guide Instructor’s Guide This course will introduce students to alternative dispute resolution (ADR) as a means of peacefully resolving disputes. Eight basic methods of ADR‚ and several
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MANAGERIAL ECONOMICS MEANING OF MANAGERIAL ECONOMICS Managerial economics‚ used synonymously with business economics‚ is a branch of economics that deals with the application of microeconomic analysis to decision-making techniques of businesses and management units. It acts as the via media between economic theory and pragmatic economics. Managerial economics bridges the gap between ’theoria’ and ’pracis’. The tenets of managerial economics have been derived from quantitative techniques such as regression
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and foremost‚ both of these terms mentioned are sub-categories of economics itself. As the names of ‘micro’ and ‘macro’ imply‚ microeconomics facilitates decisions of smaller business sectors‚ and macroeconomics focuses on entire economies and industries. These two economies are mutually dependent‚ and together‚ they develop the strategy for the overall growth of an organization. They are the two most important fields in economics‚ and are necessary for the rise in the economy. Microeconomics focuses
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changed modalities‚ read the policies governing your current class modality. Course Materials Stallings‚ W. (2009). Business data communications (6th ed.). Upper Saddle River‚ NJ: Pearson/Prentice Hall. Tomsho‚ G. (2011). Guide to networking essentials (6th ed.). Clifton Park‚ NY: Course Technology‚ Cengage Learning. All electronic materials are available on the student website. Week One‚ Mar 3‚ 2014: Local Area Networks Details Due Points Objectives 1.1 Explain the purpose of a LAN
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COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
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ECONOMICS CHAPTER 1 ECONOMIC WAY OF THINKING SCARE RESOURCES WEALTH OF THE NATIONS ECONOMICS: ADAM SMITH STAR CITY Scarcity Scarcity is the basic and central economic problem confronting every society. It is the heart of the study of economics and the reason behind its establishment. Authors have defined scarcity in various way some if which are complexly stated. One author defines scarcity as a commodity or service being in short supply‚ relatives to its demand (Kapur
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ECON 310 06 June 2014 Project 1: Construction and Microeconomics With a college degree in the study of Construction Management‚ an understanding of how the construction industry impacts the economics of a country and or the world‚ is essential knowledge for practitioners within this industry. When a construction project is in operation the easiest for all to see at the work site is the amount of people participating in the development. Seldom does anyone take the time to understand the total
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Essential Oils and Their Common Uses Essential Oils An Essential oil is the fluids from a plant in which it take on the odor and/or taste of the plant one extracts it from. Essential oils have been used through out history dating back to the bible‚ but had gone cold until 1928 when a French chemist by the name of Rene-Maurice Gattefosse had accidentally burned his hand severely while working. He plunged his hand into the nearest container which happened to be lavender oil instead of Water. To
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