Definition of ’Efficient Market Hypothesis - EMH’ An investment theory that states it is impossible to "beat the market" because stock market efficiency causes existing share prices to always incorporate and reflect all relevant information. According to the EMH‚ stocks always trade at their fair value on stock exchanges‚ making it impossible for investors to either purchase undervalued stocks or sell stocks for inflated prices. As such‚ it should be impossible to outperform the overall market through
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Warmth (comfort) Absorbency (comfort) Comfort (comfort) Handle and drape (aesthetics) Strength (functional) Elasticity (functional) Aftercare (functional) Natural fibres Wool Warm to wear. Slow‚ can absorb its weight in water and not feel wet. Repels water droplets. Very slow drying. Fine wool‚ very comfortable. Coarse wool‚ scratchy. Very soft or coarse handle. Good drape. Medium strength‚ not durable. Very good. Creases drop out. Wash and iron with care‚ may shrink. Dry
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1. Bismarck’s Legacy German Unification Germany was a new country‚ which had emerged from nationalism. However in 1800 there had been 400 states which were known as the Holy Roman Empire – each with its own ruler. After the Napoleonic Wars‚ the Holy Roman Empire came to an end and the number of states reduced to 39 which became known as the German Confederation in 1815. Prussia and Austria (the two most powerful states) competed for leadership of the confederation. Prussia in 1834 set up a
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Aristotle The Concept of Cause Unlike Plato‚ Aristotle did not believe there are two separate realms. He believed the world we live in is the only place in which we can have true knowledge‚ because it it through our sense experience that we come to understand things. Aristotle believed that “form”was not an ideal‚ but found within the item itself. The form is its structure and characteristics and can be perceived using the senses. For example‚ the form of a table is that it has four legs and a
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L1:Value added roles of Logisitcs: review Maxim’s example L2: Procurement matrix: review Maxim Mooncake L3: Demand Management Questions: 1. How can demand management help to unify channel members‚ help to satisfy customers‚ and solve customer problems? The essence of demand management is to further the ability of firms throughout the supply chain-particularly manufacturing through the customer-to collaborate on activities related to the flows of product‚ services‚ information‚ and capital. The desired
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Evaluation of software and hardware All computers are made up of hardware‚ software and data. In your exam‚ you will need to be able to explain how and why particular hardware or software is suitable for a particular task; and list and discuss criteria which can be used to evaluate or judge the suitability of hardware and software. Main types of software Generic General-purpose software‚ such as word processors and spreadsheets. Specialised packages Sold for specific uses‚ eg managing the accounts
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character is isolated from the rest of the characters in the story. Alienation can be caused by several things‚ such as abusive relationships like in the story The Color Purple‚ or poor leadership such as the story‚ Lord of the Flies‚ in which both protagonists were alienated by their own people. In the book‚ "The Color Purple"‚ Celie‚ the protagonist‚ is alienated by most of the important men in her family. It causes her to be very passive and defenseless. She is aware that people see her as a
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Business Studies Revision Unit 1- Planning and financing a Business Section 1- Starting a Business Topic 1- Choosing the right legal Structure All Businesses fall under either the private sector or the public sector Within the private sector this would include sole trader and a partnership Within the public sector this would include PLC and LTD Private Sector Sole Trader This is a business run by a business owner (entrepreneur) Sole trader business is unincorporated (business and owner
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Take this test: you’re driving along and notice a chestnut dairy animals‚ how would you react? Presently assume the dairy animals is purple‚ will your reaction vary? Odds are that seeing a purple bovine will make you sit up and pay heed. Seth Godin utilizes the purple-bovine representation to underline the significance of seeing things in an unexpected way. It’s not really new that‚ while a few individuals see fate and unhappiness‚ others see blue skies and opportunities proliferating. A whole
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Short Stories AQA Anthology Revision Booklet English Literature Unit 1: Part A: Modern Prose The Examination This is worth 20% of the total GCSE It is 45 minutes of a 90 minute exam. You must answer ONE question. The question is in two parts: Part A: you respond to a passage from the text Part B: you must link this passage to the whole text. Assessment Criteria AO1: respond to texts critically and imaginatively; select and evaluate relevant
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