Econ Answers Chapter 3 The price of train travel increases by 10% and the demand for train travel falls by 12.5%. The price elasticity of demand for train travel is – -1.25 The short run (retail) supply of freshly cut flowers is much less elastic than that of pot plants because: -florists cannot keep freshly cut flowers as long as pot plants If demand drops to zero at the slightest increase in price‚ demand is: - Perfectly elastic Price elasticity of supply will be greater when: - firms hold large
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1.What types of payroll systems are available? There are three basic types of payroll systems. Manual payroll means that you‚ or another employee within your company‚ calculates the payroll each pay period entirely on paper. You will need to calculate taxes‚ insurance‚ 401K‚ and any other applicable deductions in addition to each employee’s actual earnings. The advantage of using a manual system is that it is very inexpensive‚ with virtually no start-up costs. The disadvantage is that whatever
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CHAPTER 1 INTRODUCTION 1.0 Background of the Study Picardal Institute of Science and Technology (PIST) is an institution founded last July 12‚ 2008 and was located at the 2nd floor of Michaella’s Plaza‚ Andres Bonifacio Avenue‚ National Highway‚ Tibanga‚ Iligan City‚ province of Lanao del Norte‚ Philippines. This institution offers different courses under Commission on Higher Education (CHED) and Technical Education and Skills Development Authority (TESDA) like Bachelor of Science in Information
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Chapter 7 pgs.182-194 The Rise of Cultural Nationalism Patterns of Education • Republican vision included enlightened citizenry‚ wanted nationwide system of free public schools to create educated electorate required by republic • By 1815 no state had a comprehensive public school system‚ schooling primary by private institutions open only to those who could pay o Most were aristocratic in outlook‚ trained students to become elite. Few schools for poor • Idea of “republican mother” to train
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Tutorial – week 5 Review Questions 1. What ethical‚ social‚ and political issues are raised by information systems? Explain how ethical‚ social‚ and political issues are connected and give some examples. Figure 4.1 can be used to answer this question. Information technology has raised new possibilities for behavior for which laws and rules of acceptable conduct have not yet been developed. The introduction of new information technology has a ripple effect‚ raising new ethical‚
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1.1 ABSTRACT Payroll System is the heart of any human resource system of an organization. The solution has to take care of the calculation of salary as per rules of the company‚ Income-Tax calculation and various deductions to be done from salary including statutory deductions like income-tax and provident fund deductions. Payroll can be classified into two (2) namely: Manual System and the Computer based system. In this study we used to developed computer based “Payroll System” to improve a
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Payroll system design System Feasibility Study April 16‚ 2010‚ 8:54 am | | In the field of computer and technology‚ there always an option to automate things likes payroll system‚ inventory system‚ lighting system‚ and sales system. But of course‚ before the automation of any system‚ a feasibility study should be conducted in order to see the benefits of automation over manual system as well as other alternatives. At first‚ you should study the organizational systems such as the users
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Chapter 7: 1. What does aggregation mean in OO? Give an example. Aggregation is a “part-of” association. For example‚ student is a part of a class. 2. When we employ the technique of generalization in design‚ what are we doing‚ and which part of OO design is closely related to this concept? Generalization is an abstraction where we keep only the essentials and suppress the details. In OO‚ in moving from specific objects to a general class definition is an example of generalization. 3. List two
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Chapter 7: America Goes to War Building a National Army-Meirion and Susie Harries * Early fall of 1917 watchers near rail tracks would have seen young Americans riding to their appointed camps and cantonments * Very diverse people riding: Chocktaws and Cochin Chinese‚ Hebrews‚ Greeks‚ Italians‚ English‚ Irish‚ Scots‚ Slavs‚ Swedes‚ Germans‚ Austrians‚ Albanians‚ Poles‚ Armenians‚ Syrians‚ Finns‚ Hispanics‚ and Japanese. Blacks went on separate trains * Attracted men with all shapes
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Determine whether the foreign exchange quotations are appropriate. If they are not appropriate‚ determine the profit you could generate by withdrawing $100‚000 from Blades’ checking account and engaging in arbitrage before the rates are adjusted. Answer: Here Locational Arbitrage is possible. Locational Arbitrage: a) Buy Thai baht from Minzu Bank ($100‚000/$0.0227) = 4‚405‚286.34 b) Sell Thai baht to Sobat Bank (THB 4‚405‚286.34 × $0.0228) = 100‚440.53 c) Dollar profit ($100
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