the water to represent the value of that specific person or possession to you. The well is used to symbolize the source of your opportunities. Referring back to what I mentioned about the subject being a person‚ this loved one could also be the source of your opportunities or education. "Until the well runs dry" could refer to that person leaving and taking an opportunity
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B) resources are scarce. C) resources are infinite D) with good planning‚ trade-offs can be avoided. 2. The best measure of the opportunity cost of any choice is: A) the monetary cost of that choice. B) whatever you have given up to make that choice‚ even if no monetary costs are involved. C) the cost associated with not taking full advantage of the opportunity offered by that choice. D) your hourly wage. 3. A busy professor can’t decide whether to stay in his office to grade papers for
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Chapter 1 Ten Principles of Economics Multiple Choice 1. THE ENGLISH WORD THAT COMES FROM THE GREEK WORD FOR "ONE WHO MANAGES A HOUSEHOLD" IS |a. |market. | |b. |consumer. | |c. |producer.
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I reviewed the Webinar titled “Gamification: is it Edu-tainment or a Genuine Opportunity to Engage Learners?” By Brian Knudson of Noggin labs. Gamification of Learning high lights – What The webinar started by a brilliant experiment with those who signed up for the webinar and shared the results of the game. The webinar covered two broad categories of gaming types: simulations and social games. In this paper I was drawn to the first category‚ simulations because of its broad existence and usability
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International Review of Social Sciences and Humanities Vol. 3‚ No. 2 (2012)‚ pp. 139-147 www.irssh.com ISSN 2248-9010 (Online)‚ ISSN 2250-0715 (Print) The Constructivist Theory in Mathematics: The Case of Botswana Primary Schools Thenjiwe Emily Major (Corresponding Author) Department of Educational Foundations University of Botswana Private Bag- 00702‚ Gaborone Botswana- 00267 E-mail: majorte@mopipi.ub.bw Boitumelo Mangope Department of Educational Foundations University of Botswana Private
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Evolving Workplace Relations Introduction There has been a great challenge faced by business organization today: a shift in employment relationship. Today employees are savvy‚ confident‚ upbeat‚ open minded‚ creative and independent and therefore tend to be more challenging to manage. There is a demand for greater work/life balance‚ workforce flexibility and good management of workforce diversity. Definition ‘Globalisation and the changing workforce have produced two contrasting changes
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Executive Summery A department store is defined as a large store selling‚ under one roof‚ but in physically separate departments‚ four or more different classes of consumer goods‚ one of which is women’s and girls’ clothing. Some large departmental store groups like House of Fraser and Debenhams own up to 100 branches and these chains are called multiple department stores. Some departmental stores open their branches around the world and build a large empire. Consumer spending and fashion
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A GREAT OPPORTUNITY MISSED! A famous bureaucrat once said that IAS stands for… I Am Sorry. I was reminded of that while meeting one yesterday and apparently‚ he had invited me to discuss the social media strategy for his organization. We got off to a bad start when he asked‚ Why Social Media? He might as well have asked‚ Why Gravity? Duh! Then‚ making a pathetic excuse‚ a subordinate walked into the room and remained busy for about 20 minutes explaining her situation about a lost ATM card. We
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operations‚ upgrade physical and financial resources and increase profitability in order to sustain consumer interest‚ confidence and loyalty? III. Areas of Consideration/Key Success Factors [in table form] Strengths Weaknesses Opportunities Threats Established customer base (S) Investments made in good condition machinery (S) Only 1 million pesos generated in company sales despite being in the business for 25 years (W) Expected boost in printing industry (O) International market
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1. *Define scarcity and opportunity cost. What role these two concepts play in the making of business decisions? Scarcity is a Ever-present situation in all markets whereby either less goods are available than the demand for them‚ or only too little money is available to their potential buyers for making the purchase. This universal phenomenon leads to the definition of economics as the "science of allocation of scarce resources." Opportunity cost is the cost of an alternative that must
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