The traditional profit maximizing theories of the firm have been criticised for being unrealistic. As a result‚ alternative theories of the firm were introduced (Sloman & Sutcliffe‚ 2001). One of the alternative theories of the firm is Growth maximization. Following are the main motives for the firms to grow: The cost motive: A growth maximising firm can lower its long run average costs by exploiting economies of scale and economies of scope. Economies of scale come into effect when increasing
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1. Who were the Vikings? ------The Vikings were also traders ‚ explorers and settlers. They were highly advanced and not as primitive and barbaric as they are portrayed. 2. How did the Viking raid? ---------A Viking raid nearly always came as a total surprise. The Vikings were expert navigators and knew the coasts of Europe like the back of their hand. They decided on a target and planned the attack in advance. Having the fastest ships of the day they would arrive seemingly out of nowhere close
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Robert Smalls Potter Stewart said‚ "Ethics is knowing the difference between what you have a right to do‚ and what is right to do." To many African Americans in the 1800s what was right to do for them was considered completely illegal in the southern states. Freedom; what should be counted as a natural right for every human being was something taken away from anyone whom skin color was not white. Robert Smalls was one of the numerous amounts of slaves who did not know what freedom felt like‚ but
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Do you ever think about being a slave? How brutal and harsh being a slave was? Well‚ poor Frederick Douglass knows exactly what it’s like‚ and here’s his story. Frederick Augustus Washington Bailey is also known as Frederick Douglass‚ he was born in February 1818. His real birth date is unknown‚ but later in his life‚ they celebrated it on February 14th. Frederick was born in Tuckahoe‚ Maryland. Frederick was born into slavery. When he was just 12 years old‚ he learned to read and write from a
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Nike Inc. Case 1. What is the WACC and why is it important to estimate a firm’s cost of capital? WACC is weighted average cost of capital‚ which is the expected rate of return on average from all the company’s existing debts and securities. It takes into account all different types of financing in the company’s capital structure. The reason it is important to estimate WACC is because it measures what it costs the firm to take on a project based on its current Debt and Equity mix. When the
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THEORIES OF CRIME Uka 5 THEORIES OF CRIME Uka 6 Can I Have Some Theory With That Crime? Why do individuals commit crimes? Society today is very well concerned with this matter. In todays time‚ there are psychologists‚ criminologists‚ biologists‚ and sociologists searching for an answer. In reality‚ the answer to this question is very hard to find out. However‚ for centuries‚ researchers of all kinds have been persistent in analyzing criminals for an answer. The scholarly attention to crime from
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Sagoyewatha spoke against white attempts to convert Native Americans to Christianity. Why do you think someone might not want to change their religion? it says that they had been handing down generation and generations of religon and it means the world to them.
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Mitochondria produce a body’s essential energy to almost all the cells in the body. When the mitochondria do not function well‚ some of the functions in the body will work abnormally. No energy produced will cause fatigue and muscle soreness. There is a gradation of effects like ‘black out’ when the body has a problem with energy supply. Mitochondrial disease
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Sam O’Brien‚ C10390017‚ DT366 yr2 Report on the WACC for Fiat motors The WACC is the weighted average cost of capital. It is a calculation of the firms cost of capital taking into account the relevant weight of equity and debt as a proportion of the total. The cost of equity or KE calculated using a risk free rate example German 5yr government bond‚ the firm’s beta and the return on the market. The firm’s beta is a calculation of the firms exposure to the market‚ a beta of less than 1 indicates
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‘Lady Macbeth is the real villain of the play’ do you agree? In ‘The Tragedy of Macbeth’‚ Shakespeare portrays many negative themes through the acts of Lady Macbeth which show the audience that she is real villain of this play. She holds a malicious agenda and many evil tendencies which separate her from the average individual. The key elements which make Lady Macbeth a villainous human being is her inhumane conscience and lack of compassion for her victims‚ her deceptiveness and her manipulation
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